Walmart is definitely buying Bonobos for $310 million

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After two months of speculation, Walmart has confirmed it’s buying Bonobos for $310 million. 

The retail mega-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 Lore.  

Walmart bought Jet.com almost a year ago to up its competition against Amazon. Since then, Walmart has introduced more competitive free shipping, added discounts for in-store pickup that Amazon can’t really offer, bought the trendy women’s online retailer ModCloth, and now acquired Bonobos.  Read more…

More about Amazon, Ecommerce, Walmart, Bonobos, and Business

from Mashable http://mashable.com/2017/06/16/walmart-bonobos-acquisiton-confirmed/
via Facebook Page

from Blogger http://thewarringtonnews.blogspot.com/2017/06/walmart-is-definitely-buying-bonobos.html
via Telephone Engineer Warrington

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