Once closed, the complementary nature of ShopRunner’s pre-purchase offerings combined with FedEx post-purchase logistics intelligence will enable merchants to attract and engage consumers at scale by providing innovative online shopping experiences. “We are committed to growing the ShopRunner platform and combining it with our global digital and logistics intelligence to create new possibilities in e-commerce.” “The acquisition, once closed, aligns with our continued efforts to create an open, collaborative e-commerce ecosystem that helps merchants deliver seamless experiences for their customers,” said Raj Subramaniam, president and chief operating officer, FedEx Corporation. ShopRunner’s data-driven marketing and omnichannel enablement capabilities also help merchants acquire high-value customers and accelerate their digital innovation by using ShopRunner’s e-commerce platform.
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Members enjoy benefits including free two-day shipping, free returns, member-exclusive discounts, and seamless checkout. ShopRunner connects millions of consumers to more than 100 of their favorite brands, offering a seamless shopping experience across merchants, from inspiration through delivery. The parties anticipate the acquisition to close by the end of the calendar year, and it is subject to customary closing conditions, including regulatory approval.
ShopRunner’s capabilities will complement and expand the FedEx e-commerce portfolio and are expected to create increased value for both merchants and consumers. (NYSE: FDX) announced today that it has agreed to acquire ShopRunner, the e-commerce platform that connects online shoppers with their favorite merchants and brands. "We believe the logic for UPS's investment was similar in terms of capturing insights on ecommerce / marketplaces," UBS wrote.MEMPHIS, Tenn.-( BUSINESS WIRE)-FedEx Corp. The biggest impact for FedEx will be access to ShopRunner's data, which will provide the logistics provider a better understanding of the functioning of an e-commerce marketplace, according to a research note from UBS. During the company's recent Peak Innovation Showcase, the company detailed the technology strategies it implemented to improve its delivery capabilities ahead of the 2020 holiday season, including automated deliveries, better package tracking and streamlining parcel loading. With the COVID-19 pandemic driving consumers towards e-commerce, FedEx has said that it is prepared to handle the increase in parcel shipments thanks to its investments in optimization and automation. The platform also began offering free two-day shipping and returns via Apple Pay last year. Last year, the platform acquired Precognitive, an AI fraud prevention startup, and landed an investment from UPS.
The company has tried to create a platform that gives consumers a simple shopping experience and a network that benefits its seller partners, Yagan said.
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ShopRunner has undergone a series of changes over the past few years. FedEx wants to grow the ShopRunner platform and blend it with its existing digital and logistic capabilities, said Raj Subramaniam, president and chief operating officer at FedEx Corp. For ShopRunner, the FedEx acquisition allows the e-commerce platform to continue on with its current functions and make progress on creating new products and services, Sam Yagan, CEO of ShopRunner, said in a statement.