Mergers & Acquisitions
Walmart announced Thursday that it plans to acquire online artwork retailer Art.com. According to Business Insider, Walmart will acquire the entire art company for an undisclosed price and will continue to operate it as a standalone site. Walmart will eventually add Art.com's product assortment to Walmart.com, Hayneedle.com, and Jet.com, two more of the retailer's acquired…
In a bold, buzzed-about move at the end of September, American accessories giant Michael Kors acquired Italian luxury brand Versace for a whopping $2.1 billion. This acquisition represents one of the first attempts by a U.S. fashion company to run an elite luxury brand, and not everyone is convinced that the merger was a good…
Fast-fashion brand bebe has partnered with private equity firm Bluestar Alliance to acquire the Brookstone brand and related assets. The acquisition opens new doors for wholesale distribution of Brookstone products to some of the largest retailers across the U.S. The Associated Press reports as part of the deal that 30 Brookstone airport store locations will…
In Total Retail's recently released rankings of the top 100 fastest-growing publicly traded retailers based on year-over-year net sales, a beauty brand found itself at the top of the rankings for the first time. This is the eighth year that Total Retail has produced the list and subsequent report. Coty generated a 75.9 percent year-over-year…
Between constantly evolving competition and higher customer expectations, brands are feeling pressure to find innovative ways to delight their customers. From this pressure, a new trend in the retail business model surfaced with the emergence of creative partnerships. Kohl's partnership with Aldi supermarkets looks to “right-size” its locations and get creative with shared real estate.…
Qurate Retail Group (QRG) announced several initiatives designed to better position its HSN and QVC U.S. businesses for long-term growth. Most important is the formation of an integrated business unit called QXH, which Qurate said will ensure an aligned approach to the U.S. market. As part of the transformation, Qurate will eliminate 350 positions by the…
Walmart announced last week that it has acquired lingerie and sleepwear retailer Bare Necessities for an undisclosed amount. Bare Necessities will join the Walmart U.S. e-commerce portfolio. Founded in 1998, Bare Necessities offers more than 100,000 SKUs from more than 160 brands, including an extensive assortment of bras, swimwear, shapewear and sleepwear. Intimates is a category that…
DSW Inc. announced on Wednesday that it has acquired the operations of Camuto Group, a footwear and accessory designer and developer responsible for the Vince Camuto brand and the footwear licenses for Jessica Simpson and Lucky Brand. In addition, DSW is teaming with brand development, marketing and entertainment company Authentic Brands Group (ABG) to acquire several intellectual…
Walmart announced yesterday that it's acquiring digital-native plus-size clothing brand ELOQUII for an undisclosed amount. TechCrunch reports the all-cash deal includes ELOQUII CEO Mariah Chase, her executive team and its 100 employees, who will continue to be based in Long Island City, NY and Columbus, OH. They’ll join Walmart’s U.S. e-commerce organization, reporting to Andy Dunn,…
Walmart's success doesn't depend on earnings, but rather the story it tells. Amazon.com's revenue climbed since 1998, while net income stayed flat (per FactSet and Recode — see chart below), and Amazon stock rose 1500 percent in that time period. Walmart … welcome to the technology ball. The biggest earnings quarter to watch for Walmart…