Walmart Divests Plus-Size Clothing Brand Eloquii, Continuing Its Trend of Selling Digital Brands in 2023
April 27, 2023 : Walmart has sold the online apparel brand Eloquii to FullBeauty Brands as the retailer continues to divest direct-to-consumer brands. The move marks Walmart’s third sale of a direct-to-consumer brand this year, following the sales of Bonobos to WHP Global and Express and Moosejaw to Dick’s Sporting Goods. Walmart bought Eloquii in 2018 for an undisclosed sum and sought to build its online assortment with higher-margin apparel and home merchandise. FullBeauty Brands is buying Eloquii for an undisclosed sum and retaining its co-founder and brand leader, Julie Carnevale.
Target Introduces Curbside-Returns Service Allowing Customers to Return Items Without Exiting Their Vehicles
April 27, 2023 : Target has introduced curbside-returns service at almost a quarter of its stores nationwide and aims to extend it to all by the end of summer. The service, which forms part of the company’s Drive Up offering, is designed to attract and retain customers amid concerns that sales will slow in the wake of the pandemic.
