10/03/2018
WALMART EXPANDS ITS WARDROBE TO PLUS SIZE
In an ongoing attempt to escape its “low-income, frumpy” clothing image, Walmart plans to acquire Eloquii, an apparel company that sells plus size clothing for women. This acquisition will round out WMT’s other online clothing companies, Modcloth and Bonobos.
According to WMT, more than half of women between the ages of 18 to 65 wear size 14 or larger. WMT says it wants to offer “a unique assortment you can’t find anywhere else."
The deal is reportedly valued at $100 million, as WMT desperately chases Amazon to gobble down more e-commerce sales.
https://www.reuters.com/article/us-mattressfirm-bankruptcy/exclusive-mattress-firm-planning-bankruptcy-filing-as-soon-as-this-week-idUSKCN1MC2PW