Still speculation, but other possible buyers also lining up. A response to Amazon's supply chain wins.
Kroger may acquire digital bulk retailer Boxed In Cincinnati Enquirer
" ... Kroger is considering acquiring online wholesaler Boxed as traditional retailers look to beef up their digital capabilities, according to multiple news reports.
The New York-based startup is considering selling itself to several potential suitors. Aldi, Costco, Target are others mentioned as possible buyers, according to Forbes and Reuters, citing unnamed sources.
Supermarkets and big-box retailers are scrambling to ramp up their e-commerce and delivery abilities after digital juggernaut Amazon acquired Whole Foods last year. The deal threatened to further dilute an already saturated market by a deep-pocketed competitor who would use lower priced food to drive customer traffic. ... "
(Update) Discussion in Retailwire.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment