Walmart sells ModCloth just two years after buying it
Walmart is selling off women’s clothing company and online retailer ModCloth, just two years after acquiring it. The brand will now be a part of investment firm Go Global Retail, though it will continue to operate independently.
“We expect they will continue in the same direction as before,” Christian Feuer, managing director of Go Global Retail, told The Verge. “I don’t think the customer will see a change. If they do, I hope they’ll be happy with what they see.”
Susan Gregg Koger started ModCloth in 2002 as an independent, online fashion retailer. It was known for casting real people as models and being one of the first clothing…
