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Amazon tackles sporting goods

Amazon.com is expanding again, this time with a leap into sporting goods.

Amazon.com is expanding again, this time with a leap into sporting goods.

A day after unveiling a plan to tackle the toy and consumer electronics markets with new online stores, the online retail giant today announced that it has taken a minority stake in discount sporting goods e-tailer Gear.com.

Gear.com sells 150 brands of sporting goods online at 20 to 90 percent off retail prices.

In a statement, Amazon said it invested in approximately 49 percent of Gear.com's outstanding shares as of July 1.