Shoes.com explained

Shoes.com
Former Name:Shoebuy.com (2000-2017)
Type:Private
Industry:E-commerce
Founded:1999
Location:Boston, Massachusetts
Products:Footwear (shoes, boots, slippers, sandals)
Parent:CriticalPoint Capital
Num Employees:200+
Num Employees Year:2017
Owner:IAC (2006–2016)
Walmart (2016–2020)
CriticalPoint Capital (2020–2022)
Designer Brands, Inc. (2022–present)

Shoes.com (previously known as ShoeBuy.com) is an American footwear retailer. The website was established in Boston during 1999. In 2006, the company was acquired by IAC. In December 2016, Jet.com (a subsidiary of Walmart) completed the acquisition of ShoeBuy from IAC.[1] It was reported that Walmart paid US$70 million for the company.[2] As of 2017, Shoes.com contains over one million products, many which can also be purchased on Jet.com.[3] ShoeBuy was re-branded as Shoes.com shortly after the acquisition closed.[4]

In October 2020, Walmart sold Shoes.com to CriticalPoint Capital, a private equity firm, for an undisclosed amount.[5] [6]

During the second quarter of 2022, Designer Brands, Inc. acquired shoes.com.[7]

Notes and References

  1. News: Walmart buys Zappos competitor ShoeBuy for $70M to help Jet.com battle Amazon in online apparel. 6 January 2017. GeekWire. Nat. Levy. 9 January 2017.
  2. News: Walmart's Jet buys ShoeBuy in push versus Amazon's Zappos. Solsman. Joan E.. 5 January 2017. CNET. 27 December 2017. CBS Interactive.
  3. News: Walmart has acquired a Zappos competitor to boost Jet.com's shoe business. Del Rey. Jason. 5 January 2017. Recode. 21 December 2017.
  4. News: Shoes.com planning to double HQ size, hire 90 with move to Charlestown. Carlock. Catherine. 23 May 2017. Boston Business Journal. 21 December 2017. subscription.
  5. News: Chesto. Jon. October 15, 2020. Walmart sells Shoes.com to private equity firm. The Boston Globe. November 27, 2020.
  6. Web site: Wright. Beth. October 14, 2020. Walmart completes Shoes.com sale to CriticalPoint Capital. November 27, 2020. just-style.com.
  7. Web site: Footwear News .