Boxed.com is an online retailer that allows customers to shop for groceries, household products, and health supplies in bulk without requiring a membership. The platform focuses on providing a convenient shopping experience by delivering products directly to customers' doors, which saves them time and money compared to traditional wholesale clubs. Boxed.com offers a wide range of products at wholesale prices, benefiting from economies of scale to keep costs competitive. Additionally, the company has a service called 'Boxed for Business' that enables small to medium-sized enterprises to place group orders and receive further discounts on essential supplies. Boxed.com aims to make bulk shopping accessible and affordable for both individual consumers and businesses.

Gabriel Naouri

CDIB Capital Group

Alpha Square Group

AEON

HDS Capital

Hamilton Lane

Onex

Brigade Capital Management

Bessemer Venture Partners

Eniac Ventures

Max Ventures

Digital Entertainment Ventures (DEV)

Joyance Partners

Greycroft Partners

DST Global

Notable Capital

American Express Ventures

Safa Partners

Jose Marin

Vaizra Investments

BoxGroup

Founders Fund

Basset Investment Group

First Round Capital

Yuri Milner

AME Cloud Ventures

Signia Venture Partners

Deep Fork Capital

FJ Labs

Seven Oaks Acquisition Corp

Consumer Software

Consumer Goods

Boxed

MSG Distributors announced it has completed its acquisition of Boxed.com and other various intellectual property portfolios and affiliates (collectively, "Boxed") in an all-cash transaction.

Done Deal: Boxed.com acquired

A small but significant share of consumers steer clear of grocers’ physical stores completely, turning to their smart devices to purchase the foods and beverages they need, PYMNTS Intelligence reveals. By the Numbers. For the recent report “Consumer Interest in an Everyday App,” a PYMNTS and PayPal collaboration, we surveyed more than 2,200 U.S. consumers to understand how they use apps to meet their shopping and financial needs, among other matters. According to the results, 14% of consumers reported that, in the previous 30 days, they had exclusively purchased groceries using internet-connected devices. Plus, an additional 39% purchased groceries both by using connected devices and via more traditional means

14% Of Consumers Exclusively Purchase Groceries Online

Membership chains such as BJ’s Wholesale Club are seeing the gains they made at the highest points of grocery inflation hold strong, even as price increases moderate.BJ’s, for its part, a membership warehouse club chain with 238 locations across 19 states, discussed this trend on a call with analysts Tuesday (Aug. 22) discussing its second-quarter 2023 earnings results.Bob Eddy, the chain’s chairman and CEO, shared that the company’s gains in grocery have continued even as year-over-year food-at-home inflation has slowed, and in some categories even decreased.“[We saw] sales growth across each of our income cohorts driven by increases in trips and spend per member,” he said on the call. “We were pleased with this result, considering continued grocery disinflation. … Our grocery and consumables business continues to be very strong.”Eddy cited Circana research showing that the company has gained market share “once again,” seeing sales increase “nearly two times faster than our key competition” in the areas in which the wholesaler has a presence.Similarly, on Walmart’s most recent earnings call Thursday (Aug. 17), the retail giant shared that comparable sales for its membership-only warehouse chain subsidiary Sam’s Club were up 5.5%, and the chain saw membership growth in the mid-single digits.“Talking about the member health, we’ve seen historic growth in our membership base over the last few years, and we continue to see growth in absolute member numbers,” Sam’s Club President and CEO Kathryn McLay told analysts on the call. “… We feel strong about the health of our membership and the growth that we’ve seen.”Additionally, Costco, a warehouse club chain with more than 850 locations around the world, shared in its monthly sales report for July that comparable sales have held strong relative to the same four-week period last year, with comparable sales up 2.5%

Warehouse Club Chains’ Share Gains Hold Even As Grocery Inflation Slows

Despite raising over $318 million in funding over its operational span, Boxed encountered challenges in the competitive online grocery landscape.

Online wholesaler Boxed acquired after filing for bankruptcy

FARMINGDALE, N.Y., Aug. 18, 2023 /PRNewswire/ -- MSG Distributors, Inc. ("MSG") is proud to announce that our acquisition of Boxed.com and other various intellectual property portfolios and affiliates (collectively, "Boxed") in an all-cash transaction has been completed.

Boxed.com Acquired by MSG Distributors, Inc.; A New Chapter Begins for Membership-Free Wholesale Retailer

From Instacart’s increased valuation to Boxed’s bankruptcy filing, online grocery is seeing major changes.While players that attempt to drive adoption of their own digital grocery stores are struggling to make the economics of the model work, Instacart is benefitting from its status as a third-party player, enabling the company to drive sales from existing retailers’ well-established customer bases.The aggregator increased its internal valuation Sunday (April 2) by 18%, amounting to $2 billion. The news, following on recent reports of Instacart’s strong performance, marks a turnaround after a series of major cuts to the aggregator’s internal valuation throughout 2022.Unlike other online grocers, which offer their own selection of products, Instacart’s approach to the eGrocery space centers on enabling consumers to more conveniently acquire items from merchants that they know and trust, a key consideration for many shoppers.For the latest edition of the Consumer Inflation Sentiment report, “Consumer Inflation Sentiment: The False Appeal of Deal-Chasing Consumers,” PYMNTS surveyed more than 2,100 United States consumers in February to get a clearer sense of how inflation has been affecting their shopping habits and relationships with retailers. The results revealed that 44% of shoppers said loyalty and familiarity influenced their decision of where to make their most recent grocery purchase.Moreover, online grocery customers are even more loyal to their merchants than their brick-and-mortar counterparts. The study found that 27% of shoppers who are highly brand loyal made their most recent grocery purchase online. In contrast, only 18% of those whose purchasing decisions are motivated by other factors such as deals and convenience said the same.That may be where many other online grocery firms are falling short, with their attempts to drive adoption of their own product offerings coming up against consumers’ existing merchant loyalties.For instance, also Sunday, bulk eCommerce grocer and retailer Boxed announced that it had filed for Chapter 11 bankruptcy protection. The collapse of Silicon Valley Bank, where the company “held the majority of its cash deposits and other liquid instruments,” per a Securities and Exchange Commission (SEC) filing last month, may have been the final nail in the coffin, but the retailer has been considering selling the company since the start of the year.The company has had to compete against other, better-established consumer-facing wholesale retailers such as Costco and Sam’s Club

Egrocery Falls Flat When Startups Try To Reinvent The Wheel

It seems like a lifetime ago — SPACs were the “it” way to take companies public. And during the pandemic, eCommerce delivery businesses were the “it” business model. The disruptors, sometimes, get disrupted

Boxed Bankruptcy Shows Cracks In Pandemic’S Spac Funding Frenzy

After warning last month that it could declare bankruptcy, eGrocer Boxed has made it official.The company announced late Sunday (April 2) that it had filed for Chapter 11 bankruptcy protection and was looking to sell Spresso, its software business.“This was an incredibly difficult decision, and one that we reached only after carefully evaluating and exhausting all available options,” Chieh Huang, Boxed's co-founder and CEO, said in a news release.He added that the company was “incredibly excited to watch the Spresso business continue under new ownership.”The news release says Boxed will look for ways to streamline its operations, “including an efficient and orderly wind-down of its remaining retail business.” The company does not expect Spresso customers to experience any disruption of their services.Boxed, which provides bulk eCommerce grocery and retail services, said in a filing last month with the Securities and Exchange Commission (SEC) that it had been considering bankruptcy protection while also “soliciting proposals for the sale of all or substantially all of its assets.”As PYMNTS noted at the time, the company's struggles weren't new. It began the year announcing the possibility of a sale, and said it was looking for ways to obtain fresh capital. Soon after, Boxed secured $20 million in new funding, and it seemed for a moment that its prospects had brightened.Then came the collapse of Silicon Valley Bank, where Boxed “held the majority of its cash deposits and other liquid instruments,” per the SEC filing.Boxed went public in 2021 through a special purpose acquisition company (SPAC) merger. Its stock price has fallen 98% in the last year.Recent months have been tough for online grocers, facing new pressure from rising prices and worsening economic conditions, with many ultrafast grocers shutting down or drastically scaling back their businesses.Late last year, soon after meal delivery company Freshly was offloaded by former owner Nestlé, the company announced the shuttering of its direct-to-consumer deliveries. Meal kit services Blue Apron and HelloFresh also struggled towards the end of 2022, announcing job cuts.Yet, online grocery overall continues to grow, according to research by PYMNTS in “ConnectedEconomy™ Monthly Report: The Evolving Digital Daily Edition,” which showed that digital engagement with grocers has risen 27% in the last year.In addition, the share of digital-only grocery shoppers has increased 36-fold since before the pandemic, from 0.2% to 7.2%, according to data from PYMNTS’ study “Changes in Grocery Shopping Habits and Perception,” which was based on a December survey of more than 2,400 U.S. consumers

Boxed, Inc. Files For Bankruptcy Following Svb Collapse

The investigation concerns whether Boxed and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

SHAREHOLDER ALERT: Pomerantz L

The Portnoy Law Firm advises Boxed, Inc. (NYSE: BOXD, BOXD.WT) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors.

Boxed, Inc.: Company Investigated by the Portnoy Law Firm

Online retailer for bulk groceries and supplies

Boxed

Online retailer for bulk groceries and supplies

Boxed

Online retailer for bulk groceries and supplies

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