Walmart to acquire online home decor retailer Art.com
Still not convinced home-decor is a big opportunity? Walmart just announced it has acquired, for an undisclosed sum, the assets of Art.com. Anthony Soohoo, SVP and Group General Manager, Home, Walmart U.S. eCommerce described “Art.com is the world’s largest online retailer in the art and wall décor category, and the addition of its two million curated images – including a growing exclusive assortment – will create an even richer, deeper customer experience across our home category.”
Soohoo added the retailer is going to continue to operate Art.com as a separate and complementary business, and eventually add their products to Walmart.com, Jet.com, and Hayneedle.com. The deal is expected to close in 2019.
Walmart posted a fact-sheet on the acquisition here.
[…] win-win for Walmart acquisition of Art.com combining the strengths of art and commerce. Having worked with the Art.com team in […]