×
220
Fashion Jobs
PAUL SMITH
Junior Art Director - Japan
Permanent · TOKYO
360 TALENT LONDON
Senior Sales Executive
Permanent · LONDON
PAUL SMITH
Franchise Regional Executive
Permanent · LONDON
CONFIDENTIAL
Kidswear Area Manager - UK Market
Permanent · LONDON
BURBERRY
Retail Training Manager Emeia
Permanent · LONDON
CALZEDONIA GROUP
Key Holder
Permanent · LONDON
DR MARTENS - AIRWAIR INTERNATIONAL
Footwear Purchasing And Planning Aid
Permanent · WOLLASTON
HOMEGOODS
Loss Prevention Detective
Permanent · Edina
JU-NNA
Studio Intern
Internship · LONDON
SANDRO UK
Sales Assistant - 12 Hours m/f
Temp/seasonal · LONDON
ZADIG & VOLTAIRE
Sales Assistant
Permanent · LONDON
THE SIMPLE FOLK
Graphic Designer And Image Retoucher
Freelance ·
MOON
Retail Manager - York Flagship Store
Permanent · YORK
RELY RECRUITMENT
Luxury Menswear Concession Sales Manager
Permanent · LONDON
CLAUDIE PIERLOT UK
Sales Assistant - 16h - Temporary - Birmingham - UK Nord m/f
Fixed-term · BIRMINGHAM
CLAUDIE PIERLOT UK
Sales Assistant - 16h - Permanent - Birmingham - UK Nord m/f
Permanent · BIRMINGHAM
HEIDI KLEIN
Wholesale Assistant
Internship · LONDON
VIVIENNE WESTWOOD LTD
E-Commerce Customer Service (Maternity Cover)
Fixed-term · LONDON BOROUGH OF MERTON
FRENCH CONNECTION
Womenswear Woven Design Internship
Internship · LONDON
SANDRO UK
Sales Assistant - 24 Hours - Ashford Store m/f
Permanent · JERSEY CITY
LE COLONEL MOUTARDE
Sales Assistant
Internship · LONDON
DAVID KOMA
Wholesale Assistant Internship
Internship · LONDON
Published
Oct 7, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Walmart to sell indie womenswear brand ModCloth to Go Global

Published
Oct 7, 2019

New York-based brand investment platform Go Global Retail announced on Friday that it plans to acquire digitally native womenswear retailer ModCloth from Walmart, which acquired the brand in 2017.  


ModCloth was founded in 2002 and acquired by Walmart in 2017 - Instagram: @modcloth

 
Once acquired by Go Global, ModCloth will operate as a freestanding, independent fashion brand and will continue to function in accordance with its current operational set-up.
 
Go Global’s plans for the brand include investing in its digital capabilities, including artificial intelligence and predictive analytics, while also continuing to focus on ModCloth’s core customer base of women aged 18 to 35.

Founded in 2002, ModCloth specializes in indie and vintage-inspired womenswear in sizes XXS to 4X, as well as shoes, handbags and accessories. The brand’s philosophy revolves around female empowerment and inclusivity.
 
“We believe that together with current management, ModCloth has the ability to become a stronger player in the premium fashion market, nationally as well as internationally,” commented Go Global Co-Managing Director Jeff Streader in a release.
 
“Our team of experienced retail and brand practitioners will supplement existing management in areas of digital strategy, supply chain and operations,” added Co-Managing Director Christian Feuer.
 
Walmart first acquired ModCloth two years ago as part of a wider online growth strategy which also saw the retail conglomerate purchase e-commerce-driven menswear brand Bonobos, having already bought Jet.com in 2016.
 
According to CNBC, Marc Lore – president and CEO of Walmart e-commerce in the U.S. – has stated that the sale of ModCloth is part of a shift in focus for Walmart, which is looking to dedicate more of its attention to incubating its own brands for the time being.
 
Last month reports also surfaced that Walmart had been approached by parties interested in its JetBlack text-to-order business.
 
The terms of Walmart’s deal with Go Global have not been revealed. The companies expect the acquisition to close later this year.

Copyright © 2021 FashionNetwork.com All rights reserved.