Walmart’s Bonobos Cuts Staffers To Buoy Sagging Online Sales
PYMNTS
OCTOBER 7, 2019
These decisions are not taken lightly, but we believe they are necessary to set the brand and business up for long term success,” a spokeswoman said. In 2018, it bought Elloqui, a plus-size women’s fashion brand. The decision for the layoffs came from Bonobos, she said. Walmart bought Bonobos for $310 million in 2017.
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