Walmart acquires online lingerie retailer Bare Necessities [CNBC]
Walmart Inc. (WMT)
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Source: CNBC
Scott Olson | Getty Images Walmart said on Friday it has acquired online lingerie retailer Bare Necessities for an undisclosed amount, its second apparel-focused acquisition in less than two weeks as it seeks deeper inroads into the online fashion space. Walmart last week acquired Eloquii, a fashion startup that sells plus-sized clothing. The company also tied up with comedian and talk show host Ellen DeGeneres to launch a women's fashion line in August. In 2017, the Bentonville, Arkansas based retailer partnered with department store chain Lord & Taylor and started offering its products on Walmart.com. Lord & Taylor is owned by Hudson's Bay Co. Walmart also last year bought ShoeBuy, which specializes in footwear and apparel; Moosejaw, which sells outdoor wear; Bonobos, which sells men's clothing and ModCloth, an online seller of women's apparel. Walmart's string of small fashion-company acquisitions is designed to help the retailer access y
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