NEW YORK (AP) — Walmart says it’s acquiring an online plus-size fashion brand called Eloquii Design Inc., extending its buying spree of niche brands as it tries to compete better with online leader Amazon.com
Walmart declined to disclose the purchase price, but says the move will help it get a foothold into the $21 billion plus-size women’s clothing arena.
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We’ve got some exciting news… ELOQUII to join the @Walmart family of digital brands! Your ELOQUII, now with even more opportunity to move fashion beyond a size 12! Same team. Same fashion. Same fit. To our amazingly dedicated customers, true fashion lovers and supporters since day one, thank you for putting us on the map and keeping us on top. Now we have even more opportunity to be bolder, better, and a bigger force in the fashion industry. Click the link in bio to learn more! #XOQ **EDIT**: Hello everyone! We’ve had a lot of questions about where ELOQUII will be sold and wanted to clarify a couple things! At this time we don’t have plans to sell in Walmart stores or on Walmart.com—we will continue to sell our merchandise on ELOQUII.com and in our ELOQUII stores, just like we do right now! A lot of you yesterday were asking for more details—a big reason Walmart purchased ELOQUII is because they LOVE what we’re already doing and want us to keep doing it. What this means for ELOQUII is that we’ll have more resources to do what we already do—and what we’ve always dreamed of doing. There are things like operations, logistics, and technology improvements which will benefit our team, which will ultimately help the ELOQUII brand and experience become even better. As you know, we love hearing from you, so please don’t hesitate to reach out to us with questions (either here or at email@example.com) and we’ll do our very best to answer them. #XOQ, the ELOQUII family
Eloquii also operates five retail stores. It says its executive team, including CEO Mariah Chase, and its 100 employees will continue to be based in Long Island City, New York, and Columbus, Ohio.
Walmart aims to attract younger and more affluent shoppers with its string of acquisitions. Two years ago, it bought Jet.com for more than $3 billion and since then, it’s been concentrating on buying smaller online brands such as Bonobos and Moosejaw.
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