Walmart has acquired online retailer Art.com for an undisclosed amount. The plan is to operate it as a standalone site and then add its assortment to Walmart.com, Jet.com and Hayneedle.com.
“Ten months ago, we unveiled a new digital shopping experience that provides customers a more seamless way to buy for their home. Since then, we’ve learned even more about how our customers want to shop, what inspires them, and the process they undergo to create a space they love,” says Anthony Soohoo, SVP and Group General Manager, Home, Walmart U.S. eCommerce.
“A big factor in creating that space starts with the wall. When decorating, redecorating, or even just infusing some new life into a room – many times the best and lowest-priced place to start is by hanging a piece of art on the wall. In an effort to give our customers even more inspiration and choice, I’m thrilled to announce our plans to acquire the assets of Art.com.”