Where Walmart's jilted exes are now: what happened to the e-commerce brands it gobbled up and spit out like Bonobos and Moosejaw
Walmart referred Insider to past statements where it said the time was right to shed the brands, and that the number of products that it sells on its own platform, followed Walmart's shedding of
shoes.com and lingerie brand Bare Necessities in 2020, and fashion brand ModCloth in 2019. All were acquired under Lore's leadership. And in 2020, Walmart discontinued Jet.com, the online marketplace founded by Lore that Walmart bought for $3 billion in 2016. that"we're now in a phase that is less about scaling store pickup and delivery, e-commerce assortment and e-commerce square footage, and more about execution and operating margin improvement.
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