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On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at Walmart’s (WMT - Free Report) reported takeover of premium men’s fashion retailer Bonobos.
This deal, if announced, would mark Walmart’s fourth online retail acquisition through its digital chief Marc Lore—Lore joined the company when Walmart bought Jet.com last year—in addition to women’s online retailer ModCloth, online shoe site ShoeBuy, and outdoor gear and apparel seller Moosejaw.
According to Recode, sources are saying both Walmart and Bonobos have agreed on a deal price, and that the transaction is in its final stages.
So what is Walmart’s angle here? What is Walmart planning on doing with an online women’s retailer, an online shoe site, an outdoor gear and apparel retailer, and now an upscale men’s fashion brand?
On the surface, these brand combinations make little sense, but if you look further, you’ll see that they actually work together.
In particular, Bonobos will likely greatly benefit from Walmart’s huge retail and distribution network, something that will help the company grow and expand. For Walmart, Bonobos gives the retailer that fashion edge, helping the company potentially reach those higher-end customers that are likely loyal Amazon (AMZN - Free Report) shoppers.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
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Just released: today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>
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Walmart Buying Bonobos? What It Means for Its Digital Dreams
On today’s episode of Shopping for Stocks, Editor Maddy Johnson takes a look at Walmart’s (WMT - Free Report) reported takeover of premium men’s fashion retailer Bonobos.
This deal, if announced, would mark Walmart’s fourth online retail acquisition through its digital chief Marc Lore—Lore joined the company when Walmart bought Jet.com last year—in addition to women’s online retailer ModCloth, online shoe site ShoeBuy, and outdoor gear and apparel seller Moosejaw.
According to Recode, sources are saying both Walmart and Bonobos have agreed on a deal price, and that the transaction is in its final stages.
So what is Walmart’s angle here? What is Walmart planning on doing with an online women’s retailer, an online shoe site, an outdoor gear and apparel retailer, and now an upscale men’s fashion brand?
On the surface, these brand combinations make little sense, but if you look further, you’ll see that they actually work together.
In particular, Bonobos will likely greatly benefit from Walmart’s huge retail and distribution network, something that will help the company grow and expand. For Walmart, Bonobos gives the retailer that fashion edge, helping the company potentially reach those higher-end customers that are likely loyal Amazon (AMZN - Free Report) shoppers.
As a reminder, if you feel that something was missed, or if you want a different topic covered, send an email to podcast@zacks.com. Make sure to check out all of our other audio content at zacks.com/podcast, and remember to subscribe and leave a rating on iTunes.
Thanks for listening to this week’s episode of Shopping for Stocks!
Sell These Stocks. Now.
Just released: today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These are sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500. See today's Zacks "Strong Sells" absolutely free >>