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Walmart's Jet buys ShoeBuy in push versus Amazon's Zappos Jet.com's $70 million takeover of the online footwear seller is the latest move by Walmart to amp up its e-commerce chops against rival Amazon. Jet.com, bought by Walmart for $3.3 billion last year, made the acquisition in a push against Amazon's Zappos. 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 . Jet said it bought ShoeBuy through its parent Walmart from media and internet company IAC, in a deal that closed Dec. 30. It said ShoeBuy is a leading online seller of shoes, clothes and accessories, stocking more than a million items. ShoeBuy will operate as a standalone site, but its suppliers have the option of expanding to sales on Jet too, the company said.
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Residents trapped as gunfire mars ceasefire at Philippines city World News | Sun Jun 4, 2017 | 4:24am EDT Residents trapped as gunfire mars ceasefire at Philippines city Smoke billowing from a burning building is seen as government troops continue their assault on insurgents from the Maute group, who have taken over large parts of Marawi City, Philippines June 2, 2017. REUTERS/Romeo Ranoco Soldiers stand guard along the main street of Mapandi village as government troops continue their assault on insurgents from the Maute group, who have taken over large parts of Marawi City, Philippines June 2, 2017. REUTERS/Romeo Ranoco MARAWI CITY, Philippines Thousands of civilians hoping to flee fighting in the besieged Philippines city of Marawi remained trapped on Sunday after a four-hour ceasefire to evacuate residents was marred by gunfire. Only 134 were freed on Sunday, less than on รองเท้าส้นสูง 3 นิ้ว สวยๆ previous days, despite government hopes that more than 1,000 would be able to leave a city battered by 13 days of intense fighting. Philippines president Rodrigo Duterte predicted the siege would be over within days despite fierce resistance by fighters aligned to Islamic State in the dense urban heart of the southern Philippines city. "This will be over in about three more days," Duterte said on Saturday after visiting a hospital in Cagayan de Oro where wounded soldiers were being treated. "I will not hesitate to use every power available." About 400 local militants reinforced by about 40 foreign fighters stormed Marawi on May 23, using sophisticated battlefield tactics to take control of large swaths of the lakeside city. They have been pushed back to the city center by Philippines forces over the past week after some 4,000 ground troops were bolstered by helicopters and aircraft deploying rockets and bombs. Many residents have told Reuters that the airstrikes caused extensive property damage and dozens of civilian deaths.
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