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• As expected, Walmart acquired ModCloth, which has been described as "an eclectic women's fashion brand known for serving curvy customers."

Terms of the deal were not disclosed, though it is believed to be between $50 million and $70 million.

The purchase, USA Today writes, is "part of a big push to pick up smaller online brands as it tries to make headway against Amazon." The story also notes that "ModCloth CEO Matthew Kaness, his executive team and the company's 300-plus employees will stay based in San Francisco, Los Angeles and Pittsburgh, and will join Walmart's U.S. e-commerce retail organization."
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