Club-store-style ecommerce retailer Boxed.com has declined a bid from the Kroger Co. but might be wooing ecommerce giant Amazon.com instead, the New York Post has reported.
Boxed, which last week was reported to have been in talks with the Cincinnati-based grocer, declined a bid said to range between $300 million and $400 million. The New York-based startup then visited Amazon’s Seattle headquarters to hear what that company had to offer.
At press time, Kroger declined to comment, and Boxed did not respond to a request for comments.
Kroger has reportedly been in talks with several retailers in recent times to discuss partnerships and possibly more, all part of an effort to further fulfill its Restock Kroger strategy, which lists "Redefine the Food and Grocery Customer Experience" and "Expand Partnerships to Create Customer Value" as two of its four pillars. Arguably the one that stirred the most interest across the industry is its talks with Alibaba Group Holding Ltd., the world’s largest retailer and one of its largest Internet companies.