ModCloth Acquired by Retail Tech Company Nogin | BoF.5 may 2021
Is ModCloth independently owned?
Jet.com, Walmart's now defunct e-commerce arm, bought Modcloth in 2017, as part of Walmart's strategy to acquire digitally native brands to better educate itself about next-generation e-commerce. Being part of Walmart, fans said at the time, didn't fit Modcloth's quirky, independent image.10 ago 2020
How much did Walmart pay for ModCloth?
In 2017, Walmart acquired ModCloth for a reported $50 million, the first in a series of acquisitions that also included Bonobos, Moosejaw, Hayneedle, Bare Necessities, and Art.com.8 jul 2019
What has happened to ModCloth?
Nogin, a market leader in outsourced e-commerce for major fashion and consumer product companies, has acquired the assets of ModCloth, the online retailer of women's fashion and accessories. The purchase price was not disclosed.5 may 2021
Is ModCloth problematic?
Modcloth's environment rating is 'very poor'. It does not publish sufficient relevant information about its environmental policies to give a higher rating. As a shopper you have the right to know how its production practices impact on the environment.
Who bought out ModCloth?
Walmart
How long do SHEIN refunds take?
If you choose Original Payment Account , specific time of the money refunding to your original payment account according to your payment mode/bank account (normally takes 2-10 working days after SHEIN initiated).
Did ModCloth go out of business?
In January 2020, the retail giant sold the company to Go Global Retail. The new owners focused on ModCloth's online sales, closing its wholesale business and shuttering its handful of physical stores.5 may 2021