October 9, 2019
Days after Walmart said it would sell of its e-commerce brand ModCloth, another one of its fashion brands is laying off staff. Bonobos has laid off dozens of employees, part of a push by Walmart to try and rein in some of the losses at its e-commerce arm. Walmart acquired Bonobos two years ago. Retail expert Erin Sykes joins Cheddar to discuss the latest with the digital-first fashion brand.