Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

Walmart buys online men’s clothing retailer Bonobos

SFGate Friday, 16 June 2017 ()
Walmart is buying online men’s clothing retailer Bonobos for $310 million in cash, showing that its appetite for hip clothing brands shows no sign of abating as it looks for ways to gain on Amazon. Walmart has since bought clothing seller ModCloth, footwear retailer ShoeBuy.com and outdoor gear seller Moosejaw as it focuses on brands appealing to younger shoppers. Yet even as Bonobos has become a more conventional retailer, it has maintained its online approach, offering generous shipping and return policies and calling its customer-service agents ninjas. While Walmart keeps trying to compete against Amazon by pushing harder into online, Amazon announced a bold move into brick-and-mortar stores Friday by saying it would buy Whole Foods in a deal valued at about $13.7 billion. At Bonobos showrooms, called Guideshops, customers can try on pants, shirts, ties, belts and jackets with suggestions from stylists. Under Lore’s direction, Walmart also has been working accelerate the integration between Walmart.com and Jet.com, and trying to take advantage of its scale in areas like shipping and sharing its products. Walmart also is starting to offer discounts on thousands of online-only items when customers elect to have them shipped to one of the company’s stores for pickup. Walmart has also created an incubator lab focused on projects in robotics, virtual and augmented reality, and artificial intelligence.
Share on
Share on
Post on 
Share by
Source: Wibbitz Studio - < > Embed

News video: Bonobos is going to Walmart for $310 million

Bonobos is going to Walmart for $310 million 01:03

After two months of speculation, Walmart confirmed it's buying Bonobos for $310 million. The retail giant will buy the men's e-commerce site to join its growing roster of online brands. Walmart has been on an acquisition spree this year, led by Jet.com founder and now Walmart U.S. e-commerce CEO Marc...

You Might Like

Recent related news

Wal-Mart doubles down on fashion

New York: Wal-Mart Stores Inc is buying online men's clothing retailer Bonobos for $310 million in cash, showing that its appetite for hip clothing brands shows...
Bangkok Post - BusinessAlso reported by •NPRUSATODAY.com

Why did Amazon buy Whole Foods? It crushed Walmart

Why Amazon Bought Whole Foods? It Crushed Walmart The century-long interplay between technology and retail suggests Walmart is screwed. Its efforts to morph into...
Raw Story - US

Amazon will let you try on clothes before buying

On Tuesday, the company revealed a new program called Prime Wardrobe that allows people to order clothing — from three to 15 items at a time — without...
SFGate - Business

More than 500 Companies Chosen to Pitch Their U.S. Made Products at Walmart’s June 28 Open Call

More than 500 Companies Chosen to Pitch Their U.S. Made Products at Walmart’s June 28 Open Call
BENTONVILLE, Ark.--(BUSINESS WIRE)--Walmart is inviting more than 500 businesses from across the nation to present their Made in the USA products June 28 to the...
Business Wire - Press Releases

Other recent news in Business

The CBO says the Senate GOP healthcare bill would leave 22 MILLION more without insuranceAvis stock is soaring after partnering with GOOGLE's self-driving car company (GOOG, CAR)
Grenfell Tower: CLADDING firm ends global sales for tower blocksRevealed: The LONDON areas with the worst broadband speeds
JEFFERIES: NINTENDO's road to huge profits won't come from its console gamesU.S. SUPREME COURT partially reinstates Trump travel ban, schedules hearing for October
Senate Republicans are expected to release a new version of their HEALTHCARE BILL to fix one of its biggest flawsDALLAS firm invests $10 million in Lovesac
A crucial STOCK MARKET indicator just got its most bullish reading on recordCharities assisting with GRENFELL TOWER to receive extra funds


Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+