With young consumers’ fashion habits rapidly evolving alongside quickly changing social media trends, Express has not been able to keep up. The fast-fashion company, which in addition to its self-titled retail chain also owns Bonobos and UpWest, announced Monday (April 22) that it has filed for...
Express (EXPR) and WHP Global have acquired Bonobos from Walmart for a combined $75 million. Brand management firm WHP Global will buy the Bonobos brand for $50 million, while fashion apparel retailer EXPR will acquire the operating assets and assume the related liabilities of the...
After two years at the world’s largest retailer, Bonobos founder Andy Dunn is leaving Walmart in early 2020, Reuters reported on Thursday (Dec. 12). Dunn announced his departure following Walmart’s acquisition of his online menswear brand in 2017. He joined Walmart as senior vice president...
Walmart-owned men’s retailer Bonobos laid off staff on Monday (Oct. 7) in the light of continued losses by its parent company. The Wall Street Journal is reporting that a few dozen are being laid off in the company, which has about 600 employees. “These decisions...
July 10, 2017
Contrary to what “People of Walmart” would have you believe, the big-box retailer isn’t just for one demographic of shoppers, and it’s trying to prove that by making a name for itself in the online marketplace world. “It’s a misperception that the Walmart.com shopper is the same as the in-store shopper,” said David Spitz, CEO […]
April 14, 2023
Express (EXPR) and WHP Global have acquired Bonobos from Walmart for a combined $75 million. Brand management firm WHP Global will buy the Bonobos brand for $50 million, while fashion apparel retailer EXPR will acquire the operating assets and assume the related liabilities of the menswear brand for $25 million, the companies said in a […]
December 13, 2019
After two years at the world’s largest retailer, Bonobos founder Andy Dunn is leaving Walmart in early 2020, Reuters reported on Thursday (Dec. 12). Dunn announced his departure following Walmart’s...
October 07, 2019
Walmart-owned men’s retailer Bonobos laid off staff on Monday (Oct. 7) in the light of continued losses by its parent company. The Wall Street Journal is reporting that a few...
July 03, 2019
Walmart has reportedly talked about selling three brands that it recently acquired to appeal to younger shoppers, all of which are unprofitable, according to Reuters. The retail giant bought Bonobos...
