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Jet.com acquires footwear e-retailer

With Walmart aiming to expand the inventory of Jet.com and Walmart.com, the large retailer announced a deal to buy footwear company ShoeBuy from IAC. In this Arkansas Democrat-Gazette article, Clarus Commerce CEO Tom Caporaso opines that this was a smart move for the large retailer, and will allow them to expand their portfolio of merchandise to rival Amazon.

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