Jet.com, the Amazon rival owned by retailing giant Walmart, bought online footwear retailer ShoeBuy for $70 million, the company said Thursday.
The move underscores Walmart's continued push against Amazon, owner of online shoe store Zappos. The biggest retailer in the world, Walmart made online expansion its priority last year, taking over Jet for $3.3 billion and setting up a plan to invest billions more into e-commerce while cutting down new store openings.