Wal-Mart Stores Inc. hasn't wasted time in leveraging its $3 billion acquisition of Jet.com — and making it even more clear that Amazon is directly in its sights.
Jet.com on Thursday revealed that it acquired apparel and accessories site Shoebuy.com for $70 million from IAC — in a deal that closed Dec. 30 and is seen as a turning point for Wal-Mart when it comes to fashion. The deal also puts further pressure on Amazon since Shoebuy is a direct competitor of the Amazon-owned e-tailer Zappos.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)