• Walmart Adds Art.com to Online Portfolio

    4 days ago - By WWD

    Walmart.com keeps building its arsenal of specialty retailers and experiences.
    Walmart Inc. on Thursday said it plans to acquire the assets of Art.com, the world's largest online retailer of art and wall decor. The price of the deal wasn't disclosed. The company said it will operate Art.com as a stand-alone and complementary site, and add its vast assortment to walmart.com, Jet.com and Hayneedle.com.
    Art and wall decor is critical to completing the interior design of a home, Walmart said, adding that “the $10 billion annual market in the U.S. is fundamental to winning the home.”
    The...
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