Wal-Mart seeks online fashion presence through acquisitions

FILE PHOTO: Women's clothing are displayed in a Walmart store in Secaucus, New Jersey, November 11, 2015. REUTERS/Lucas Jackson/File Photo

Wal-Mart Stores Inc's bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company's attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said. 

If Wal-Mart succeeds, the move into fashion also would advance its effort to access younger, millennial customers who usually do not shop on Walmart.com.