Walmart announced Friday it has acquired the online lingerie company Bare Necessities as part of its mission to become a bigger fashion destination.
Bare Necessites, founded in 1998, offers more than 100,000 lingerie items from more than 160 brands, including a wide assortment of bras, swimwear, shapewear, and sleepwear.
Walmart said the brand “brings deep segment expertise to demystify a complex category shopping experience, along with strong brand relationships, as well as an extensive content offering and operational capabilities specifically designed for the intimates business.”