Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

DSW to Purchase Ebuys in Bid to Expand Online Business

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

Footwear and accessories retailer DSW has announced it has purchased off-price e-commerce retailer Ebuys for an upfront payment of $62.5 million.

The move comes as DSW looks to expand its online presence and increase business abroad, and the company said it expects the acquisition to add modestly to its per-share earnings this year. The deal is expected to close within the next 30 days.

Read more at Vamp.

 

Related Articles

More from our brands

Access exclusive content Become a Member Today!