Mergers & Acquisitions

Boxed.com Rejects Kroger's Acquisition Offer
February 2, 2018 at 11:21 am

Online retailer Boxed.com has spurned an acquisition bid from The Kroger Co. and is instead sending out feelers to Amazon.com, according to news reports. Kroger’s bid was believed to be in the neighborhood of $300 million to $400 million. Industry observers said the Cincinnati-based chain was interested in Boxed to help it boost delivery capabilities, attract more…

Kroger Mulling Potential Acquisition of Overstock.com
January 23, 2018 at 11:58 am

Overstock.com gained as much as 4.5 percent on speculation that supermarket giant Kroger Co. might acquire the e-commerce company. The New York Post reported on Friday that the grocery chain may be eyeing a deal with Overstock, citing unidentified sources. Overstock CEO Patrick Byrne said in December that selling the e-commerce business to a brick-and-mortar retailer…

Foot Locker Buys Minority Stake in Carbon38, Invests $15M
January 23, 2018 at 11:45 am

Foot Locker made a strategic investment in Carbon38, a women's luxury active apparel brand. In addition to $15 million Series A funding, Foot Locker has taken a minority stake in Carbon38. Katie Warner Johnson, Carbon38's co-founder and CEO, said, "We are excited to have Foot Locker as an investor as we continue to scale our business…

Report: Kroger Considering Acquiring Boxed
January 16, 2018 at 10:40 am

Grocery store chain Kroger is considering acquiring Boxed, a grocery wholesale delivery company. According to CNBC the potential deal, which arose as the New York-based startup was seeking funding, likely values Boxed at between $325 million and $500 million, said the person, who spoke on condition of anonymity. Boxed, which sells bulk staples like toilet paper…

Analyst Predicts Amazon Will Buy Target This Year
January 2, 2018 at 1:24 pm

Amazon.com's recent acquisitions have redefined the retail landscape. However, according to a well-known industry analyst, its largest acquisition could happen in 2018. Loup Venture Co-Founder Gene Munster believes Amazon will acquire Target this year. “Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count,” Munster wrote in…

Total Retail's Top 3 News Items of 2017
December 22, 2017 at 1:21 pm

What a year it has been for retail! As we count down the days to 2018, the Total Retail team has reflected on the biggest stories that shook up the industry. Below are just three of the top stories we've reported on. 1. Amazon.com's Acquisition of Whole Foods We can't talk about e-commerce or retail…

Home Depot Acquires Decor Retailer The Company Store
December 22, 2017 at 11:55 am

Home Depot is buying The Company Store, a home decor and textiles online retailer. The move is a way for the Atlanta-based home improvement giant to grow its online presence in an era when Amazon.com sells everything from soup to nuts — and bolts. The terms of the deal, which closed on Tuesday, weren't released. The acquisition…

Party City Acquires MG Novelty Corp. for $5.5M
December 20, 2017 at 6:13 pm

Party City announced that it has entered into an agreement to acquire the MG Novelty Corporation for approximately $5.5 million, which includes seven retail stores under the name “Party Galaxy” in the Oklahoma City metro area. MG Novelty Corporation reported total annual sales of approximately $9.0 million in 2016. “This immediately accretive acquisition provides us the…

Target Buying Delivery Platform Shipt for $550M
December 13, 2017 at 1:44 pm

Target announced today it has agreed to acquire Shipt, Inc., an online same-day delivery platform, for $550 million in cash. The retail chain said it will use its network of stores and Shipt’s proprietary technology platform and network of more than 20,000 members to bring same-day delivery to customers across the country. Shipt differs from other…

Whole Foods Struggles to Shake ‘Whole Paycheck’ Nickname
December 7, 2017 at 1:05 pm

It has been six months since Amazon.com announced its plan to acquire Whole Foods Market, and along with it promised pricing rollbacks at the grocery chain. However, to date those price cuts have seemed few and far between. When NBC News took a deeper dive into the situation, it found 269 items with lower price…