Wal-Mart Stores said on Monday it will offer Hudson’s Bay Co-owned department store chain Lord & Taylor dedicated space on its website, as it looks to make deeper inroads into the fast-growing online fashion business.
Saks Fifth Avenue, Coach and Kate Spade partner Tulip raised $40 million in funding led by Kleiner Perkins. The mobile app provider plans to put its funding towards international expansion and innovation.
Bonobos founder and CEO Andy Dunn will also join Walmart to oversee the retailer's digitally native vertical brands. The Bonobos acquisition is part of Walmart's plan to enhance its e-commerce presence.
The retailer focused on men's casual shirts that are designed to be worn untucked said venture capital firm Kleiner Perkins Caufield & Byers had invested $30 million in the company's first major round of fundraising.