Walmart acquires Art.com to boost online home decor business

Walmart acquires Art.com to boost online home decor business

Walmart acquires Art.com to boost online home decor businessWalmart Inc on Thursday said it has acquired online retailer Art.com for an undisclosed amount to boost its home decor business and expand its online offering, as part of the retailer's efforts to attract more millennials. Art.com had revenue of more than $300 million in 2016, according to a research report from Internet Retailer, the most recent figures available. A Walmart spokesperson would not comment on the size of the deal or on Art.com's revenue.