12/28/2020, 3:11 PM (Source: TeleTrader)
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Chart for: FedEx Corp

FedEx finalizes ShopRunner's acquisition

FedEx Corp. said on Monday it managed to complete its announced acquisition of the e-membership program ShopRunner that directly connects over 100 brands and merchants to its consumers.

ShopRunner is a subsidiary of FedEx Services and now will operate as part of FedEx Dataworks, a new organization within FedEx Services focused on utilizing the FedEx data ecosystem in order to transform the digital and physical customer experience.

Raj Subramaniam, president and chief operating officer of FedEx commented: "This is an exciting day for FedEx and ShopRunner, and it accelerates our ability to play a larger role in e-commerce. We are thrilled to bring on ShopRunner’s team of highly-skilled professionals, product capabilities and existing customer base as we work together to create a better end-to-end e-commerce ecosystem for brands, merchants and online shoppers."

Breaking the News / TF