The Home Depot Acquires The Company Store, Mulls Takeover Of XPO Logistics

The Home Depot is expanding its home improvement and furnishing offerings to “finish the whole room,” acquiring The Company Store, a catalog and e-Commerce retailer of home goods and textiles, from owner Hanover Direct. Terms of the transaction have not been disclosed.

“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,” said Craig Menear, Chairman, CEO and President of The Home Depot in a statement.

With 60% of both online and store-based sales influenced by a digital visit, the retailer continues to bolster its online offering, according to Kevin Hofmann, The Home Depot’s President of E-Commerce. During the…