Walmart Buys 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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