Advertisement

DSW Expands Footprint With Purchase Of Ebuys

DSW Inc. agreed to buy online shoe retailer Ebuys Inc. for an upfront payment of $62.5 million, in a bid to expand its online presence and grow its business abroad.1DSW

Ebuys, the parent of retail sites ShoeMetro and ApparelSave, also is eligible to receive additional payments based on future performance. The transaction supports DSW’s efforts to grow its market share within footwear and accessories across the U.S., Europe, Australia and Asia, which aligns with current goals.

Ebuys will operate as a distinct business within DSW and maintain offices in San Diego, Calif., and Antioch, Tenn. Ebuys David Duong will  continue as CEO.

Advertisement

“The acquisition of Ebuys, Inc. represents a unique opportunity to add a business to the DSW Inc. portfolio that will strategically scale our off-price sourcing capabilities, expand our presence into digital marketplaces, and create opportunities to serve international customers online,” said Roger Rawlins, CEO of DSW Inc.

The transaction is expected to close before the end of March 2016.

Featured Event

Join the retail community as we come together for three days of strategic sessions, meaningful off-site networking events and interactive learning experiences.

Advertisement

Advertisement

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: