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Sabtu, 17 Juni 2017

Walmart is acquiring one of the hottest men's retailers

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Walmart Is Buying Bonobos

Walmart is acquiring high-end men's retailer Bonobos for $310 million in cash.

Bonobos generates between $100 million and $150 million in annual revenue and appeals to young, urban customers with its slim-fitting pants, shirts, jackets, and suits.

The company generates most of those sales online, though it does have a handful of physical stores in major cities that it calls "guideshops," where customers can work with a personal shopper.

Business Insider's Hayley Peterson and Emily Cohn have the full story.

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