Walmart Bonobos – CWEB.com
In other big news today Walmart is buying Bonobos. Walmart has been doing some VERY interesting things in e-commerce for a while now.
Walmart acquired menswear site Bonobos for $310 million in cash.
“We began Bonobos ten years ago to give men a completely different product and shopping experience: better fitting, higher quality clothing, in new and imaginative ways. That will always remain our mission,” Dunn, who will oversee Walmart’s collection of “digitally-native vertical brands,” said in a statement. “We are excited about applying all that we have learned to help shepherd in the next era of retail.”