Kroger reportedly mulling plans to buy online bulk retailer Boxed
US retail giant Kroger is reportedly considering plans to buy the New York-based online wholesaler Boxed.
According to reports published by USA Today and other media sources, Kroger is not the only bricks-and-mortar retailer eyeing Boxed. The USA Today report said that Boxed may be worth between $325m and $500m.
Founded in 2013, Boxed specialises in bulk discounts for online shoppers, offering next-day delivery and no membership fees.
There has been no official announcement or confirmation of the reports.