Jet.com bought ModCloth, which makes a strange kind of sense

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Amazon has its private labels, and Walmart has Jet.com, which now has ModCloth.

The e-commerce subsidiary of Walmart on Friday closed a deal to buy ModCloth, the popular online retailer. The companies declined to confirm the price of the deal, but earlier reports pegged it between $50 and $75 million.

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More about Womens Fashion, Walmart, Amazon, Jet.Com, and E Commerce …read more

Via: Mashable: Business

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