Hayneedle Explained

Hayneedle, Inc.
Type:Online Retailer
Location City:Omaha, Nebraska
Location Country:United States
Key People:Shelley Huff (President)
Industry:eCommerce, Online shopping, Retail, Homewares, Furnishings
Products:Indoor & outdoor home furnishings, electronics and decorations
Owner:Walmart
Num Employees:800[1]
Foundation:2002

Hayneedle is an online retail company based in Omaha, Nebraska with a focus on furnishings and decor. In 2016, Hayneedle was acquired by Jet.com,[2] [3] which later became a subsidiary of Walmart.[4] [5]

History

Hayneedle began in 2002 when Doug Nielsen, Julie Mahloch and Mark Hasebroock purchased a single online store, Hammocks.com, from a llama farmer in rural Washington state. Over the next few years, the company opened more online stores, each focused on one particular type of product, developing a portfolio of sites focused on indoor and outdoor home furnishings, accents, and decor. In 2005, the company unified under the name NetShops, and continued its category expansion. By acquiring Duluth, Minn.-based Thralow, Inc. in 2006, the company gained properties Telescopes.com and Binoculars.com, and underwent an internal restructuring.[6]

In 2009, the company rebranded as Hayneedle and further expanded its selection to include more items focused in the areas of office, kitchen, bedding, pet supplies, lighting, home storage, and home improvement, among others.[7] In the spring of 2014, all 300+ sites previously in operation under Hayneedle, Inc. were rolled into hayneedle.com.

In 2016, Hayneedle was acquired by e-commerce retailer Jet.com and later became part of the Walmart family of brands.[8] In 2017, Hayneedle launched an advertising campaign focusing on "the love of home."[9]

External links

Notes and References

  1. Web site: Omaha World Herald. www.omaha.com. 24 August 2016. 2017-06-05.
  2. Web site: Mac. Ryan. Why Amazon Rival Jet.com Spent $90 Million On A 14-Year-Old Online Furniture Retailer. 2020-09-03. Forbes. en.
  3. Web site: Mac. Ryan. Amazon Challenger Jet.com Acquires Online Home Retailer Hayneedle. 2020-09-03. Forbes. en.
  4. Web site: Walmart Completes Acquisition of Jet.com, Inc.. 2020-09-03. Corporate - US. en-US.
  5. Web site: Confirmed: Walmart buys Jet.com for $3B in cash to fight Amazon. 2020-09-03. TechCrunch. en-US.
  6. Web site: 2006-11-16. Internet Retailer NetShops Acquires Binoculars.com & Telescopes.com. 2020-09-03. www.businesswire.com. en.
  7. Web site: Omaha.com - The Omaha World-Herald: Money - NetShops rebounds with rebrand . www.omaha.com . dead . https://web.archive.org/web/20090815110358/http://www.omaha.com/article/20090812/MONEY/708129984 . 2009-08-15.
  8. Web site: Omaha World Herald. www.omaha.com. 24 August 2016. 2017-06-05.
  9. Web site: Casual Living. casualliving.com. 30 May 2017. Casual Living. 2017-06-05.