The company has announced that it has agreed to acquire ShopRunner, the e-commerce platform that directly connects brands and merchants with online shoppers.
ShopRunner connects more than 100 brands and merchants to millions of consumers and offers a seamless shopping experience from inspiration through delivery. Members enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout.
“The acquisition, once closed, aligns with our continued efforts to create an open, collaborative e-commerce ecosystem that helps brands and merchants deliver seamless experiences for their customers,” said Raj Subramaniam, President and Chief Operating Officer, FedEx Corporation.
Once closed, the complementary nature of ShopRunner’s pre-purchase offerings combined with FedEx post-purchase logistics intelligence will enable brands and merchants to attract and engage customers at scale by providing innovative online shopping experiences.
It is anticipated that the acquisition will close by the end of the calendar year and is still subject to customary closing conditions.
