Walmart Inc. is getting serious about apparel again.
In reporting fourth-quarter results that showed a sharp decline in profits and slower-than-expected growth in e-commerce, the Bentonville, Ark.-based giant said it will likely acquire other specialty brands in the future. The retailer is revamping its web site to focus more on softlines, including and apparel and home and has been making changes to its apparel business after years of dormancy. Two key brands, White Stag and Faded Glory, are being discontinued in stores. George will be reconfigured to sell men’s wear only.