Wal-Mart is buying trendy e-commerce sites, and the cool kids are not having it
At the height of their love affair, Bridget Henry visited online clothing store ModCloth's app every day. It wasn't just the clothes with a vintage and quirky vibe that the 26-year-old liked; it was the story.
Founded by high school sweethearts in a college dorm room, the San Francisco company had grown on the backs of its loyal customers to $150 million in revenue in 2015. Henry liked how genuine the brand seemed. That is, until it was purchased by Wal-Mart Stores Inc. in March.
"I shed a little tear when I deleted the app. I felt like I was breaking up with someone," the supply chain analyst said.
Wal-Mart is aggressively expanding
