{"id":391964,"date":"2020-12-02T11:33:11","date_gmt":"2020-12-02T16:33:11","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=391964"},"modified":"2020-12-02T11:33:11","modified_gmt":"2020-12-02T16:33:11","slug":"fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities\/","title":{"rendered":"FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities <\/b><\/p>\n<p class=\"bwalignc\"><i>Combined strengths enable merchants to increase competitiveness and deliver end-to-end shopping experiences to consumers<\/i><\/p>\n<p>MEMPHIS, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFedEx Corp. (NYSE: FDX) announced today that it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with their favorite merchants and brands. ShopRunner\u2019s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for both merchants and consumers. The parties anticipate the acquisition to close by the end of the calendar year, and it is subject to customary closing conditions, including regulatory approval.\n<\/p>\n<p>\nShopRunner connects millions of consumers to more than 100 of their favorite brands, offering a seamless shopping experience across merchants, from inspiration through delivery. Members enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout. ShopRunner\u2019s data-driven marketing and omnichannel enablement capabilities also help merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner\u2019s e-commerce platform.\n<\/p>\n<p>\n\u201cThe acquisition, once closed, aligns with our continued efforts to create an open, collaborative e-commerce ecosystem that helps merchants deliver seamless experiences for their customers,\u201d said Raj Subramaniam, president and chief operating officer, FedEx Corporation. \u201cWe are committed to growing the ShopRunner platform and combining it with our global digital and logistics intelligence to create new possibilities in e-commerce.\u201d\n<\/p>\n<p>\nOnce closed, the complementary nature of ShopRunner\u2019s pre-purchase offerings combined with FedEx post-purchase logistics intelligence will enable merchants to attract and engage consumers at scale by providing innovative online shopping experiences. ShopRunner\u2019s consumer experiences and omnichannel enablement capabilities are also anticipated to help unlock potential for FedEx as it continues to use data and technology to transform the end-to-end commerce experience.\n<\/p>\n<p>\nSam Yagan, CEO of ShopRunner, said, \u201cIn 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\u2019 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.\u201d\n<\/p>\n<p>\nHeadquartered in Chicago, ShopRunner will operate as a subsidiary of FedEx Services, an organization dedicated to integrating the technology and services customers need to create solutions for global supply chains, e-commerce, and today\u2019s business challenges.\n<\/p>\n<p><b>About FedEx Corp.<\/b><\/p>\n<p>\nFedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $71 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world\u2019s most admired and trusted employers, FedEx inspires its more than 500,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.\n<\/p>\n<p><b>About ShopRunner<\/b><\/p>\n<p>\nAs the premier e-commerce platform, ShopRunner offers its members free two-day shipping, free returns, and member-exclusive discounts, and seamless checkout. Spending billions of dollars in the ShopRunner network annually, ShopRunner\u2019s millions of members prove every day that merchants can attract the highest value customers by offering free, fast, and convenient login, shipping, and checkout options. ShopRunner\u2019s 100+ network partners include Hudson\u2019s Bay Company, Kate Spade &amp; Company, Under Armour, CB2, Cole Haan, and American Eagle Outfitters.\n<\/p>\n<p>\nEvercore is serving as exclusive financial advisor and Morgan, Lewis &amp; Bockius is serving as legal advisor to ShopRunner.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nCertain statements in this press release may be considered forward-looking statements, such as statements relating to FedEx and ShopRunner\u2019s views with respect to the benefits of the proposed acquisition and the anticipated time of the closing of the proposed acquisition. Forward-looking statements include those preceded by, followed by or that include the words \u201cwill,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpected,\u201d \u201canticipated,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201ctargets,\u201d \u201cprojects,\u201d \u201cintends\u201d or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of FedEx and ShopRunner to receive regulatory approvals and satisfy all other conditions for completion of the acquisition, FedEx\u2019s ability to achieve the anticipated results from the acquisition, the rate of future e-commerce growth and FedEx\u2019s ability to successfully expand its e-commerce portfolio, and other factors which can be found in FedEx Corp.\u2019s press releases and filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. FedEx does not undertake or assume any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201202005750r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201202005750\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201202005750\/en\/<\/a><\/span><\/p>\n<p>\nBonny Harrison<br \/>\n<br \/>FedEx Media Relations<br \/>\n<br \/>(901) 434-5207<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:mediarelations@fedex.com\">mediarelations@fedex.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Tennessee United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Retail Internet Technology Supply Chain Management Online Retail Logistics\/Supply Chain Management Transport Retail<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities Combined strengths enable merchants to increase competitiveness and deliver end-to-end shopping experiences to consumers MEMPHIS, Tenn.&#8211;(BUSINESS WIRE)&#8211; FedEx Corp. (NYSE: FDX) announced today that it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with their favorite merchants and brands. ShopRunner\u2019s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for both merchants and consumers. The parties anticipate the acquisition to close by the end of the calendar year, and it is subject to customary closing conditions, including regulatory approval. ShopRunner connects millions of consumers to more than 100 of their favorite brands, offering a seamless shopping experience across merchants, from inspiration &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-391964","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fedex-to-acquire-shoprunner-to-expand-e-commerce-capabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FedEx to Acquire ShopRunner to Expand E-Commerce Capabilities Combined strengths enable merchants to increase competitiveness and deliver end-to-end shopping experiences to consumers MEMPHIS, Tenn.&#8211;(BUSINESS WIRE)&#8211; FedEx Corp. (NYSE: FDX) announced today that it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with their favorite merchants and brands. ShopRunner\u2019s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for both merchants and consumers. The parties anticipate the acquisition to close by the end of the calendar year, and it is subject to customary closing conditions, including regulatory approval. 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