Hayneedle was an online retail company based in Omaha, Nebraska with a focus on furnishings and decor. In 2016, Hayneedle was acquired by Jet.com,[2][3] which later became a subsidiary of Walmart.[4][5]
 | |
| Company type | Online Retailer |
|---|---|
| Industry | eCommerce, Online shopping, Retail, Homewares, Furnishings |
| Founded | 2002 |
| Headquarters | , United States |
Key people | Shelley Huff (President) |
| Products | Indoor & outdoor home furnishings, electronics and decorations |
| Revenue | US$350 million[citation needed] |
| Owner | Walmart |
Number of employees | 800[1] |
| Website | hayneedle |
History
editHayneedle 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 outdoor home furnishings, accents, and decor. In 2005, the company unified under the name NetShops, 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 of office, kitchen, bedding, pet supplies, lighting, home storage, and home 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 retailer Jet.com and later became part of the Walmart family of brands.[8] In 2017, Hayneedle launched an advertising campaign focusing on "the love of home."[9]
References
edit- ^ "Omaha World Herald". www.omaha.com. 24 August 2016. Retrieved 2017-06-05.
- ^ Mac, Ryan. "Why Amazon Rival Jet.com Spent $90 Million On A 14-Year-Old Online Furniture Retailer". Forbes. Retrieved 2020-09-03.
- ^ Mac, Ryan. "Amazon Challenger Jet.com Acquires Online Home Retailer Hayneedle". Forbes. Retrieved 2020-09-03.
- ^ "Walmart Completes Acquisition of Jet.com, Inc". Corporate - US. Retrieved 2020-09-03.
- ^ "Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon". TechCrunch. Retrieved 2020-09-03.
- ^ "Internet Retailer NetShops Acquires Binoculars.com & Telescopes.com". www.businesswire.com. 2006-11-16. Retrieved 2020-09-03.
- ^ "Omaha.com - The Omaha World-Herald: Money - NetShops rebounds with rebrand". www.omaha.com. Archived from the original on 2009-08-15.
- ^ "Omaha World Herald". www.omaha.com. 24 August 2016. Retrieved 2017-06-05.
- ^ "Casual Living". casualliving.com. Casual Living. 30 May 2017. Retrieved 2017-06-05.