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Walmart is gobbling up trendy e-commerce brands in its war against Amazon

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ModCloth employees model swimwear to promote body positivity in 2015. The company is now owned by Walmart.Image: ModCloth/REX/Shutterstock ModCloth knit tops and vibrant Bonobos pants aren’t the sort of items you’d expect to find in the sales racks of a Walmart Supercenter. Both brands cater to urban millennials with hip fashion sensibilities and steep price tags that suggest a style tier above your average big-box store. Yet their loyal customers must now begrudgingly count themselves as Walmart shoppers, thanks to the retail giant’s acquisitive appetite. SEE ALSO: Google and Walmart…

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Targets next-day essentials delivery service opens to customers in pilot test

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Target announced this morning its opening to consumers a new, next-day home-delivery service called Target Restock. The company said in May the service was live and being tested with company employees ahead of a consumer-facing pilot program that was due to arrive sometime this summer. The service is initially available to Minneapolis-area customers, which is near Target headquarters. Target Restock is meant to rivalAmazons Prime Pantry, as it also offers the ability for online shoppers to fill a box of everyday essentials online many of which would be otherwise prohibitive…

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Target and Cartwheel apps to merge starting this summer, mobile payments and improved maps to follow

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Targets mobile app strategy will undergo a significant change, starting this summer. The retailer announced this week it will soon combine the functionality of its Cartwheel savings app with its main shopping app, in preparation for an eventual Cartwheel shutdown. The Target app will also receive a notable upgrade this year, adding support for an indoor map that shows your location in the store, along with the nearby Cartwheel deals, in addition to support for mobile payments. According to Target, the decision to merge its apps into one is a…

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Target just gave Casper $75 million

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Target has offered to buy Casper for $1 billion earlier this year, but apparently Casper wasnt into the terms of the deal. The fast-growing mattress startup is an under-the-radar unicorn already, according to a TechCrunch source close to the matter, and a recent IOData report obtained by TechCrunch pegs the company at 39 percent of all mattress-in-a-box sales from 2014-2017. Now Target will be the lead investor instead.Existing Casper investors Lerer Hippeau Ventures, IVP and NEA are also adding in some cash for this round. The financing may be a…

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