Walmart boosts clothing line with ModCloth acquisition

US retail behemoth Walmart has snapped up women’s fashion retailer ModCloth, an online retailer specializing in vintage-style clothing, for an undisclosed sum.
Purchase of the 15-year-old business has been made on behalf of its Jet.com ecommerce arm.
Founded by founded by high school sweethearts Susan Gregg Koger and Eric Koger in 2002 ModCloth has grown to become a $150m empire by 2015, a breakneck period of expansion which included a relocation to San Francisco and experiments with