Partnerships / Acquisitions

Walmart Buys, Boosting Home Decor Sector


Walmart has announced that it is planning to buy to boost its home decor business.

According to CNBC, a source said the size of the acquisition is similar to Walmart's other recent deals and that has been bringing in more than $300 million in sales annually.

" is the world’s largest online retailer in the art and wall décor category, and the addition of its two million curated images – including a growing exclusive assortment – will create an even richer, deeper customer experience across our home category," wrote Anthony Soohoo, SVP and group general manager for Walmart U.S. eCommerce, in a press release. offers a wide-ranging assortment of art, from affordable and chic posters to limited-edition prints and loft art pieces.

Soohoo revealed that 25 percent of's customers use a feature called ArtView, where shoppers can see what a piece of art looks like on their walls. Walmart will now be able to "leverage that expertise" about augmented reality in other categories of its business. will continue to operate as a standalone and complementary site. Its products will be added to, and

"This announcement is just another example of how we’re establishing as a specialty retail destination for the home – giving customers the inspiration and confidence to make a beautiful home possible for everyone. I’m so excited to welcome as a part of that mission," said Soohoo.

The deal, which is expected to close next year, is the latest way in which Walmart is trying to boost its digital presence. Outdoor gear company Moosejaw now has its own shop on, while Lord & Taylor is also selling apparel on the retail giant's site. And earlier this week, Walmart announced the launch of a new in-store app that gives its store associates immediate access to, so they can assist customers in selecting, ordering and paying for items in the store.



The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.