Ryder Systems Inc. has acquired niche third-party logistics provider Dotcom Distribution, its second such deal this year, boosting its position in health and beauty, cosmetics and fashion and adding the bench strength of a CEO who has been around since the early days of ecommerce.
Last week Kroger announced it was acquiring Albertsons for $24.5B, a major deal on the order of Amazon buying Whole Foods in 2017 that immediately reshaped the power structure in grocery. Neil Saunders, managing director and retail analyst at GlobalData Retail, helps us put the deal in context in our latest MCM CommerceChat podcast.
Boxed, a seller of subscription bulk CPG items through its automated facilities that competes with Costco, BJ’s Wholesale and Sam’s Club, is expanding into fresh, on-demand grocery delivery with the acquisition of New York-based MaxDelivery. The company plans to leverage MaxDelivery’s high AOV model into other markets in 2022.
Regional carrier LaserShip is acquiring competitor OnTrac for $1.3 billion deal, in one fell swoop changing the equation in last-mile parcel delivery by giving the combined entity coverage of three-quarters of the continental U.S. as ecommerce demand continues to soar.
Transportation Insight, a logistics technology and services provider based in Hickory, NC, has acquired Spend Management Experts, a leading parcel spend management consultancy, to augment its expansion into the ecommerce and small parcel space as it continues to grow rapidly. The deal closed at the end of December.
Startup online mattress seller Tuft & Needle will be acquired by old-line mattress company Serta Simmons Bedding for an undisclosed sum, according to various media reports, as Serta looks to bolster its digital presence and gain back share grabbed by new online players.
Albertsons and Rite Aid plan to merge, with Rite Aid top executive John Standley as CEO and Albertsons chairman and CEO Bob Miller as chairman. Terms of the deal were not disclosed. See how the merger will expand Rite Aid’s omnichannel operations.