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Hayneedle

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Online retail company based in Omaha, Nebraska
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(March 2019) (Learn how and when to remove this message)
Hayneedle, Inc.
Company typeOnline Retailer
IndustryeCommerce,Online shopping,Retail,Homewares,Furnishings
Founded2002
Headquarters,
United States
Key people
Shelley Huff (President)
ProductsIndoor & outdoor home furnishings, electronics and decorations
RevenueUS$350 million[citation needed]
OwnerWalmart
Number of employees
800[1]
Websitehayneedle.com

Hayneedle was anonline retailcompany based inOmaha, Nebraska with a focus on furnishings and decor. In 2016, Hayneedle was acquired byJet.com,[2][3] which later became asubsidiary ofWalmart.[4][5]

History

[edit]

Hayneedle began in 2002 when Doug Nielsen, Julie Mahloch and Mark Hasebroock purchased a single online store,Hammocks.com, from a llama farmer in rural Washington state. Over the next few years, the company opened more online stores, each focused on one particular type of product, developing a portfolio of sites focused on indoor and outdoorhome furnishings, accents, anddecor. In 2005, the company unified under the nameNetShops, and continued its category expansion. By acquiring Duluth, Minn.-based Thralow, Inc. in 2006, the company gained properties Telescopes.com and Binoculars.com, and underwent an internal restructuring.[6]

In 2009, the company rebranded as Hayneedle and further expanded its selection to include more items focused in the areas ofoffice,kitchen,bedding, pet supplies,lighting, home storage, andhome improvement, among others.[7] In the spring of 2014, all 300+ sites previously in operation under Hayneedle, Inc. were rolled into hayneedle.com.

In 2016, Hayneedle was acquired by e-commerce retailerJet.com and later became part of theWalmart family of brands.[8] In 2017, Hayneedle launched an advertising campaign focusing on "the love of home."[9]

References

[edit]
  1. ^"Omaha World Herald".www.omaha.com. 24 August 2016. Retrieved2017-06-05.
  2. ^Mac, Ryan."Why Amazon Rival Jet.com Spent $90 Million On A 14-Year-Old Online Furniture Retailer".Forbes. Retrieved2020-09-03.
  3. ^Mac, Ryan."Amazon Challenger Jet.com Acquires Online Home Retailer Hayneedle".Forbes. Retrieved2020-09-03.
  4. ^"Walmart Completes Acquisition of Jet.com, Inc".Corporate - US. Retrieved2020-09-03.
  5. ^"Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon".TechCrunch. Retrieved2020-09-03.
  6. ^"Internet Retailer NetShops Acquires Binoculars.com & Telescopes.com".www.businesswire.com. 2006-11-16. Retrieved2020-09-03.
  7. ^"Omaha.com - The Omaha World-Herald: Money - NetShops rebounds with rebrand".www.omaha.com. Archived fromthe original on 2009-08-15.
  8. ^"Omaha World Herald".www.omaha.com. 24 August 2016. Retrieved2017-06-05.
  9. ^"Casual Living".casualliving.com. Casual Living. 30 May 2017. Retrieved2017-06-05.

External links

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Walton family
1st generation
2nd generation
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President/CEO
Former execs
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North America
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