Wal-Mart Stores Inc. said Wednesday that it has acquired Moosejaw, an online outdoor retailer that carries brands such as Marmot and Patagonia, for about $51 million. The deal closed on Feb. 13. Besides its online presence, Moosejaw also has 10 store locations. Moosejaw was founded in 1992 and is headquartered in Madison Heights, MI. Moosejaw will continue to run as a standalone brand and Chief Executive Eoin Comerford and his team will be based in Michigan. Wal-Mart shares are nearly flat in Wednesday trading, and up 3.7% for the past year. The S&P 500 index is up 25.5%.
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