Direct To Consumer (DTC)

Irvine, Calif.  -- Boot Barn Holdings announced it has entered into a definitive agreement to acquire Sheplers, a 116-year old western lifestyle company with 25 stores across the United States. The purchase price was put at $147 million in cash.

By rebranding the Sheplers stores to the Boot Barn banner, consistent with the strategies of its prior two acquisitions, Boot Barn will enhance its store footprint by adding eight new retail markets and build its position in Texas and Colorado.

Boot Barn is stepping up its e-commerce game with the acquisiton of Sheplers for a purchase price of $147 million.

Rapidly growing western wear retailer Boot Barn Holdings Inc. showed no signs of slowing down in the fourth quarter.

The Irvine, Calif.-based western apparel and footwear retailer posted a 16% increase in revenue to $103.3 million for the quarter that ended March 28. Same-store sales, which include e-commerce sales, increased 7.3%. The retailer opened 18 new locations for a total of 169 in 26 states. It was the 22nd consecutive quarter of same-store sales growth.

Fairfax, Va. – Geeknet Inc. has determined that an acquisition offer from an unnamed strategic bidder of $20 per share, or about $134.6 million, is superior to a previous offer from Hot Topic of $17.50 per share, or about $117.3 million.

Seattle – Amazon is upping the ante with physical retailers with its launch of free same-day delivery for orders of more than $35 to members of its Prime program.

The new service, called Prime Free Same-Day Delivery, is available for more than one million items and in 14 U.S. metropolitan areas. Orders must be placed before noon local time to be delivered by 9 p.m., seven days a week.

Brian Cornell, CEO and chairman of Target Corp., has focused on digital innovation since he took the top spot at the chain last August. He recently participated in a Q&A at the high-profile tech event, the Code Conference, in Ranchos Palos, California.  

Here are some highlights from his conversation, as posted on Target’s very own Bullseye View blog.

The seminal digital event that occurred in the year 2007 was the introduction of the first iPhone, but there was another noteworthy development that year involving Walmart e-commerce.

A few months after the iPhone made headlines, Walmart rolled out its buy online, pick up in store service branded as Site to Store and helped give meaning to the word omnichannel. In digital terms, 2007 was eons ago.

Amazon is upping the ante in the fulfillment wars by expanding its same-day delivery service for Prime members to more markets and making it free.

The company added two new markets, San Diego and Tampa Bay, to its list of same-day delivery areas while also reducing the price to free for orders over $35. The company already offers same-day delivery in several regions, including New York, Philadelphia, San Francisco, Seattle, Atlanta, Boston, Baltimore, Dallas-Ft. Worth, Indianapolis, Los Angeles, Phoenix, and Washington, D.C.