Walmart acquires lingerie retailer Bare Necessities


NEW YORK (Reuters) – Walmart Inc (WMT.N) has acquired online lingerie retailer Bare Necessities for an undisclosed amount, the company said on Friday, as it works to boost its competitive standing in U.S. e-commerce and appeal to younger shoppers.

FILE PHOTO: A Walmart store is seen in Encinitas, California April 13, 2016. REUTERS/Mike Blake/File Photo

The deal closed on Friday, the retailer said in a blog post.

Earlier this month, Walmart acquired Eloquii, a fashion startup that sells plus-sized clothing.

Reporting by Nandita Bose in New York

Products You May Like

Articles You May Like

Flynn detailed attempts to obstruct Russia probe: U.S. court filing
U.S. citizen arrested during protests in Nicaragua killed in prison shooting
Trump: No collapse in China trade talks, tariff war ‘a little squabble’
Twitter accidentally shares user location data with advertising partner
Doris Day, Hollywood star of the 1950s and ’60s, dead at 97

Leave a Reply

Your email address will not be published. Required fields are marked *