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He will be “taking on a bigger and new role for us at eCommerce,” a Walmart spokesperson said, “overseeing our digital vertical brands. “We now have a strong brand and offering for Women in ModCloth and a strong brand and offering for Men in Bonobos. Andy will oversee both and has the chance to really play offense in this space.” He will be reporting to Marc Lore, president and CEO of Walmart U.S. eCommerce (who joined with the Jet.com acquisition). “We began Bonobos ten years ago to give men a completely different product and shopping experience: better fitting, higher quality clothing, in new and imaginative ways. That will always remain our mission,” Dunn, who will oversee Walmart’s collection of “digitally-native vertical brands,” said in a statement. “We are excited about applying all that we have learned to help shepherd in the next era of retail.” Walmart, the world’s biggest physical retailer, has been looking for more ways to grow its e-commerce business in competition with Amazon, and it sees fashion and targeting younger users as a key part of that strategy. Walmart said that in the last quarter its e-commerce sales were up 63 percent, with “the majority coming from organic growth in Walmart.com” — meaning it has yet to prove that its big acquisition play to buy into “digitally native” brands has or will pay off. “We’re seeing momentum in the business as we expand our value proposition with customers and it’s incredible to see how fast we’re moving,” said Lore in a statement. “Adding innovators like Andy will continue to help us shape the future of Walmart, and the future of retail. I’m thrilled to welcome Andy and the entire Bonobos team. They’ve created an amazing product and customer experience, and that will not change.
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