Walmart acquires the assets of ecommerce website

Monday 10 December 2018 00:08 CET | News

Walmart has acquired the assets of, an ecommerce website that features more than 2 million images and on-demand customisation services.

These assets include the retailer’s catalogue, intellectual property, trade name, and US operations. Terms of the deal, which is expected to close at the beginning of 2019, were not disclosed.

The retailer sold USD 330.5 million online last year, according to Internet Retailer’s, making it the largest online retailer that specialises in art in North America. However, like other recent acquisitions Walmart made, its growth has not been fast; it grew 8% in 2017 and its five-year compound annual growth rate (CAGR) was 13%.

Moreover, Walmart plans to operate as a standalone business much like Jet and Hayneedle, while also integrating its assortment onto,, and

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Walmart,, acquisition, ecommerce, online retailer
Countries: World

Industry Events