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Walmart's Shoes.com Acquired By Manhattan Beach Investor

Online footwear and apparel retailer Shoes.com--which was owned by Walmart--has been acquired by Manhattan Beach-based investment firm CriticalPoint Capital, LLC, CriticalPoint announced this morning. Financial terms of the acquisition were not announced. CriticalPoint Capital, led by President and CEO John Foristall, says it already has transactions it has made in the footwear industry, including JackRabbit, Clever Training and Olympia Sports. Shoes.com was originally founded in 1999 as ShoeBuy. Walmart acquired ShoeBuy in January of 2017 from InterActiveCorp (IAC) for $70M; WalMart paid $9M for the defunct Shoes.com domain shortly thereafter. Walmart recently has been offloading its online retailing operations. Shoes.com is based in Boston.