Walmart Sells Two More E-Commerce Brands in Digital Reshuffle
- Retailer is offloading Shoes.com and Bare Necessities
- Moves are part of broader streamlining of digital business
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Walmart Inc. is divesting two more of its online brands, continuing its strategy of jettisoning some of the digital assets it has acquired in recent years to focus on its main website.
The world’s biggest retailer is selling footwear website Shoes.com to private-equity firm CriticalPoint Capital, while lingerie brand Bare Necessities will be acquired by Delta Galil Industries Ltd., an Israeli apparel maker that also owns the 7 for All Mankind denim business. Terms of the deals were not disclosed.