- 4 December 2020
- Transport / Logistics Services
US logistics giant FedEx Corp has agreed to buy online shopping platform ShopRunner. The deal is expected to close by the end of the calendar year.
ShopRunner connects brands and merchants with online shoppers. With over 100 brands and merchants on board already the company claims it has several million customers. It offers its customer-members free two-day shopping, free returns, member-exclusive discounts and seamless checkout.
“The acquisition, once closed, aligns with our continued efforts to create an open, collaborative e- commerce ecosystem that helps brands and merchants deliver seamless experiences for their customers,” said Raj Subramaniam, president and chief operating officer, FedEx Corporation. “We are committed to growing the ShopRunner platform and combining it with our global digital and logistics intelligence to create new possibilities in e-commerce.”
ShopRunner will be a subsidiary of FedEx Services. It will combine its pre-purchase offerings alongside FedEx’s post-purchase logistics intelligence that will combined, provide innovative online shopping experiences. FedEx will in turn be able to deepen its end-to-end shopping offering.
Sam Yagan, CEO of ShopRunner, said: “In pursuit of our purpose of creating the future of retail, we have built the foundation of a cross-brand ecosystem to create a simple shopping experience for consumers and to aggregate the scale of our network for our partners’ benefit. The unparalleled reach and assets of FedEx will accelerate our existing capabilities and align with our goal of creating new products and services that advance a more open, collaborative e-commerce ecosystem.”