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Walmart is continuing their e-commerce “acquisition streak,” as they work to purchase men’s fashion site Bonobos.

Apr 18 2017

Walmart is continuing their e-commerce “acquisition streak,” as they work to purchase men’s fashion site Bonobos. The e-retailer started online selling high-end men’s clothing, and has since opened 30 showrooms where consumers can be fitted and place orders for home deliveries. The acquisition would be the fourth for the retailer since digital chief Marc Lore took over and made Walmart’s “catch[ing] up” on online shopping a priority by taking on “strong brands that appeal to a different demographic, and…have the potential to be healthy standalone businesses.” (Recode)