This time, Walmart purchased an outdoor retailer for $51 million.
The confirmation came when the firm announced fourth-quarter earnings.
Speculation is heating up this week.
Macy’s is said to be courting several buyers — but a sale is not that simple.
The signs are there that the department store could pursue a sale.
The firm will operate as a stand-alone business with its current management team and employees.
The news comes after months of speculation.
McCubbin has served as the brand’s U.S. and Canadian footwear licensee since 2013.
The family-owned label was purchased by The Courtney Group and will now have a new CEO.
Shoes.com will operate as a standalone but complementary component to Jet.com.