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The acquisition closed on February 13, 2017. Walmart, in an attempt to better compete with online giant Amazon.com, commented that buying Moosejaw gives it “the experience of another well-established e-commerce player, this time in the active outdoor category,” said a company representative....

“Nike’s employees and athletes believe that sport has the unique power to unite people and inspire change – and they believe Nike’s role is to be in the game, to never sit on the sideline,” the company wrote in its statement....