PetSmart acquired Pet360 for $130 million in cash and up to $30 million more in future performance-based payments.
Online computer and electronics retailer Newegg.com has added wireless communications provider T-Mobile USA to its cellular phone wireless services division. Newegg launched the division in August in a move to expand its consumer electronics presence.
Online computer and electronics retailer Newegg.com has added wireless communications provider T-Mobile USA to its cellular phone wireless services division. Newegg launched the division in August with AT&T; as its first wireless partner.
The addition of T-Mobile will greatly expand Newegg’s wireless service offerings as it seeks a bigger stake in the consumer electronics market, the company says. Newegg.com, No. 10 in the Internet Retailer Top 500 Guide, offers shoppers cell phones and accessories, calling plans, and service features.
“This joint endeavor is a new opportunity for the two companies and an integral part of our efforts to expand our wireless service offerings,” says Lawrence Jackowski, director of product management in the company’s wireless division. “We see Newegg’s alliance with T-Mobile as a sign of the growth opportunity that awaits us.”
Newegg also recently opened an automated order fulfillment system at its new distribution center in Edison, NJ. The company opened the 337,000-square-foot distribution center to ensure that more than 98% of its East Coast customers’ approved orders will ship within one business day of ordering.
The automated order fulfillment system from Dematic Corp. includes conveyors and software that enables Newegg to track the flow of products throughout the facility, the retailer says.
Rick Quiroga, Newegg’s vice president of finance, will be speaking at the Internet Retailer Conference & Exhibition, June 9-12 in Chicago in a session titled Unlocking Payments Value: Strategies for managing payment acceptance.