Bed Bath & Beyond, a publicly traded retailer with more than 1,500 physical stores, today announced that it has acquired One Kings Lane, an online retailer that sells home goods, in an all-cash deal. Terms of the deal weren’t disclosed, but Bed Bath & Beyond said the deal was not material.
Early in its life, One Kings Lane was known primarily as a flash sale site,
but it has since expanded beyond that focus. Gilt Groupe, another
online retailer that distinguished itself with flash sales, recently was
sold to Hudson’s Bay for $250 million. In January Recode
reported that One Kings Lane was in a position to be sold for $150
million or less. Today One Kings Lane’s competitors include Chairish,
Houzz, and Wayfair.. . . more