Retail giant Walmart has plans to buy Art.com for expanding its home décor business. The deal is expected to reach closure by 2019. The main agenda behind this acquisition is to cater to the growing demands of millennials, especially those inclined towards online shopping. With the availability of over 2 Million designs in Art.com, Walmart in planning to expand its home décor business, as the former is considered as one among the largest online retailers of wall décor and art across the globe. Reportedly, Art.com has been generating more than $300 Million in sales every year. Artist Rising, one among the three sister sites of Art.com helps end users in selling their work by means of various channels. This in turn is likely to benefit revenue sales of Walmart’s wall décor business.
Since the recent past, Walmart has been pushing itself in acquiring e-commerce corporations such as Moosejaw, ModCloth, Eloquii, Bonobos, Bare Necessities, and Jet.com. Apart from this, the retail giant has also introduced a feature known as ArtView to enable shoppers to choose the artwork that would be suitable for their walls, by means of augmented reality. Walmart is planning to sell its products from Art.com on websites such as Hayneedle.com, Jet.com, and Walmart.com. Marc Lore, head of the U.S. e-commerce wing of Walmart recently stated that the company further plans to own approximately 40 digitally native brands in the forthcoming years.
A recent study by Future Market Insights on the wall decor market indicates that constant changes especially in the interiors of retail shops are expected to fuel the growth of the wall décor market at a notable pace. In addition, significant growth in internet penetration across the globe is expected to open up lucrative opportunities for key players in the wall décor market for promoting their offerings to target consumers in a more efficient manner.
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Nova Scotia Liquor Corporation Signature Outlet to Experience New Signage
The NSLC (Nova Scotia Liquor Corporation) is preparing to highlight its new signature stores in SYDNEY RIVER with new signage. Recently, a new tender has been issued for integrating innovative signs for the interiors and exteriors of the SYDNEY RIVER store along with the Bridgewater and Joseph Howe stores in the mainland. The deadline for this tender is 20th December, 2018. The new signs are a part of the renovation plan for New Year in signature retail stores. The new sign will be witnessed as ‘NSLC Signature’ on each renovated store of the company. Currently, NSLC holds only one signature store in Portland Street, Dartmouth. After completion of the renovation process, the company will have four signature stores.