Walmart Inc is selling plus-size fashion brand Eloquii Inc just over a week after it agreed to offload menswear label Bonobos, underscoring an effort to improve margins by narrowing focus and building on alternative revenue streams.
and WHP Global for $75 million, far lower than the $310 million it paid in 2017. It has also offloaded outdoor apparel retailer Moosejaw and women's clothing label ModCloth in recent years.
Walmart has been sharpening its focus on ramping up its businesses including advertising and delivery, to diversify its revenue streams and boost margins as inflationary pressures on consumer spending weigh on the retailer. The sale of Eloquii will unite the online retailer of apparel starting at size 14 with FullBeauty's portfolio of brands such as Woman Within and Roaman's, which sell clothes in sizes 12 and up.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart sells plus-size clothing brand Eloquii, offloading its third digital brand this yearThe sales mark a reversal of a 2017-18 strategy led by Marc Lore, Walmart's former head of e-commerce.
Read more »
Monster’s Inc. BTS Details Explains Why Boo Is Still Pixar’s Cutest CharacterBoo has always been a fan-favorite when it comes to cuteness, but this BTS Monster's Inc detail makes her even cuter.
Read more »
Disinformation Inc: Conservative blacklister cited in brief over Biden 'censorship' lawsuitA self-styled 'disinformation' tracker that the Washington Examiner revealed has been secretly blacklisting conservative media has been cited in a new brief filed by a free speech legal group in connection to a major lawsuit alleging that the Biden administration has coordinated with social media…
Read more »
Federal judge denies Google’s bid to delay antitrust trialA bid by Alphabet Inc.’s Google to delay a major antitrust trial in November with Epic Games Inc., Match Group Inc. and U.S. state attorneys general has been...
Read more »
LYFT Inc Stock Price Today | NASDAQ LYFT Live Ticker - Investing.comView today's LYFT Inc stock price and latest LYFT news and analysis. Create real-time notifications to follow any changes in the live stock price.
Read more »
The most popular grocery stores in the U.S.While national store chains like Walmart are typically among the most popular grocer, local and regional grocery stores can challenge national behemoths in popularity, as shoppers develop strong allegiances toward their community favorites.
Read more »