Walmart is selling one of its digitally native brands that has failed to turn a profit -- ModCloth -- to Go Global Retail. Walmart acquired ModCloth in March 2017 "as part of a move to increase
its brand portfolio and target younger, higher-income shoppers with brands not available on Amazon," according to Chain Store Age. ModCloth "sells exclusive indie fashions and its own
vintage-inspired line of apparel and accessories, with a target audience of women 18 to 35."
Read the whole story at Chain Store Age »