Mergers & Acquisitions
March 9, 2018 at 12:31 pm
Nordstrom announced yesterday that it's acquiring two leading retail technology companies: BevyUp, a digital selling tool, and MessageYes, a platform rooted in conversational commerce. More specifically, BevyUp is a platform that allows sales associates to communicate with each other on the back end, and encourages shoppers to share information with each other and browse items…
February 28, 2018 at 3:10 pm
Amazon.com announced yesterday the acquisition of smart home company, Ring. The $1 billion-plus price tag represents Amazon's second largest ever acquisition (the online giant paid $13.6 billion for Whole Foods). Recode reports Ring is now being bought for somewhere between $1.2 billion and $1.8 billion. The startup recently authorized a fundraising round that would have…
February 20, 2018 at 12:50 pm
Supermarket operator Albertsons agreed to buy the remnants of the Rite Aid drug chain on Tuesday, the latest deal to shake up a grocery industry already experiencing major upheaval. The combined company would have about 4,900 locations in 38 states and the District of Columbia, the companies said. Albertsons would rebrand its in-store pharmacies under the…
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…
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…
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…
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…
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…
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…
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…
