The company didnt disclose the amount it paid for ModCloth, although it is possible the price to fall between USD 51 million and USD 70 million. Walmart picked up Jet.com, ShoeBuy.com and Moosejaw in 2016.
The analyst team at Bank of America added Walmart to its US-1 List on a positive view of the ecommerce push out of Bentonville. The firm reasons thats WMTs price-earnings multiple will expand toward 19-20X as the e-commerce mix increases and price investments stoke store traffic.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.