• Walmart acquires art and wall décor retailer Art.com

    10 days ago - By Tech Crunch

    Walmart's acquisition spree continues. Only a couple of months after picking up apparel and lingerie brands, ELOQUII and Bare Necessities , respectively, the company on Thursday announced its plans to acquire the assets from online art and wall décor retailer, Art.com. The deal is expected to close in early 2019, and includes Art.com's catalog, IP, trade name, and U.S. operations.
    Walmart did not disclose the amount of the deal, but it's said to be in line with Walmart's other recent deals in terms of size. Art.com had been doing more than $300 million in annual sales, according to CNBC...
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