Home Depot acquires Company Store

28 Dec '17

1 min read

Courtesy: The Company Store

The Home Depot, the world's largest home improvement specialty retailer, has announced the acquisition of the Company Store, a leading online retailer of textiles and home décor products. Broadening capabilities in home textile categories, the acquisition does not include the five retail locations of the Company Store. The deal closed on December 19.

"The acquisition of the Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home," said Craig Menear, chairman, CEO and president of the Home Depot. "On behalf of our 400,000 plus associates, I want to welcome the Company Store's talented associates into the Home Depot family."

In addition to its success as an online retailer, the Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories. Founded in 1911, the Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room. (RR)

Fibre2Fashion News Desk – India

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