Walmart sells Eloquii plus-size women’s fashion business
April 24, 2023
Walmart has sold Eloquii to FullBeauty Brands after paying $100 million to acquire the plus-size women’s fashion business in 2018. Industry experts expect Walmart to focus on retail media, business services and other profitable growth opportunities. “Walmart’s product-based businesses will play a decreasing role going forward as a new world of opportunity beckons, much of it tied to Walmart’s growing solutions and services portfolio,” said Carol Spieckerman, president of Spieckerman Retail and a RetailWire BrainTrust panelist.
Recent News
Tesla Employee Sleeps in Car, Loses Job Amidst Layoffs
Tesla, the Texas-based automaker, recently conducted layoffs affecting at least 10% of its staff. Among them was Nico Murillo, a production supervisor at the Freemont facility, who shared his layoff experience on LinkedIn.
Emergency Slide That Fell Off Delta Plane During Flight Found
The emergency slide was found 10 miles from JFK Airport.
Krispy Kreme Debuts New Rewards Program
Krispy Kreme is introducing a new program that piggybacks on its existing Krispy Kreme Rewards.
WeWork’s Bankruptcy Exit Plan Revealed
WeWork is charting a new course to exit bankruptcy, but without its former CEO Adam Neumann in the driver’s seat.