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Walmart Buys ModCloth

Walmart Buys ModCloth

Jet.com, which was bought by Walmart last year, has acquired the online women’s fashion retailer ModCloth.

Jet.com, which was bought by Walmart last year, has acquired the online women’s fashion retailer ModCloth.

Walmart’s purchase price for the company is estimated to be between $50 million and $75 million, according to TechCrunch. However, details regarding the transaction were not disclosed.

Furthermore, the ModCloth team will continue to operate its site and store as a standalone and complementary brand to Walmart’s other e-commerce sites.

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