Walmart (WMT) - Get Report has been on an acquisition binge as of late, in particular beefing up their digital portfolio in order to attack e-commerce rival Amazon (AMZN) - Get Report .
The latest online target by Walmart could be Bonobos, a 10-year-old men's fashion retailer based in New York City. Walmart is in advanced discussions to acquire the company, according to Recode. Bonobos reportedly has between $100 million and $150 million in annual sales.
A Walmart spokeswoman declined to comment.
The buying spurt is being led by Walmart U.S. e-commerce chief Marc Lore, who came via the retailer's $3 billion acquisition of Jet.com (which Lore founded) last year.
With that in mind, here's a look at some of Walmart's most recent e-commerce acquisitions. The common themes of each acquisition? They're all strong performers in their own category and expanded Walmart's reach into new areas.
Updated from Mar. 17 with new details.
In mid-March, Walmart's Jet.com made an offer to buy Modcloth.com, the fifteen year old women's vintage-inspired retailer. While Modcloth reportedly pulled in $150 million in sales by 2015, it has been struggling to stay profitable in the current dismal retail environment.
Modcloth reportedly accepted an offer in the range of $50 to $75 million, disappointing seeing as the company is thought to have raised $78.4 million from investors.
Walmart could benefit from Modcloth's die-hard audience, even though many of their loyal fans are vowing to never buy from them again on their Facebook page after the Walmart announcement. The brand was an early adopter of decent quality plus-size clothing - a prevalent issue with retailers today - and this could help Walmart compete with Target
and Amazon's more favored contemporary clothing offerings.