Andy Dunn, Walmart’s senior vice president of digital consumer brands, announced this week that he will leave the retail giant in 2020. The Bonobos co-founder and CEO joined Walmart Inc., No. 3 in the 2019 Digital Commerce 360 Top 1000, when the retail giant acquired the men’s apparel brand in 2017 for $310 million.
For his two-and-a-half years at Walmart, Dunn oversaw the digitally native vertical brands Walmart acquired and the incubated brands the company built internally. His portfolio included: Bonobos, ModCloth, Eloquii and Allswell.
In an internal memo Walmart sent to employees this week, Walmart hailed Dunn’s work at the retailer as “invaluable.”
“He’s been instrumental in building out and growing Walmart’s proprietary brand portfolio,” Walmart said in the note. “The DNA of the incubated and acquired brands is now a key part of our strategy and provides us a brand engine we can plug directly into the enterprise.”
The incubated brands will soon “be plugged directly into the Walmart mothership,” Dunn said in a departure note entitled “A Love Letter to Walmart,” published on LinkedIn.
“[Walmart’s] thousands of supercenters are an asset nobody else has, so let’s use them,” Dunn said. “In our digital brands group, that led to development of a strategy built on omni, as we married our talent with the power of Walmart distribution to build brands like Allswell.”
Dunn will remain at Walmart through January, although he did not say what his next career step is. Walmart has not announced a replacement for Dunn.Favorite