Cart.com unveiled its purchase of direct-to-consumer (D2C) moving box brand Cheap Cheap Moving Boxes (CCMB), which has meaningful supply chain, logistics and operational capacity. The transaction’s terms were not made public, according to a Wednesday (Feb. 3) announcement.
Phoenix, Arizona-based CCMB will run under the Cart.com platform and keep working with clients. It will also let Cart.com’s retailers use one- to two-day economic shipping choices for more than three-quarters of the American population via a collection of warehouses, according to the announcement.
CCMB will build on top of Cart.com’s current logistic network with deep fulfillment operations and economical shipping supplies. The integration will strengthen the customer shopping experience of Cart.com and offer tailored and uniquely labeled packaging to suppliers. Brad Campbell, the past CCCMB president, will keep executing the daily functions of the operation.
Cart.com Co-Founder and CEO Omair Tariq said in the announcement that smaller retailers are looking for economical methods to provide quick and inexpensive shipping to shoppers “as e-commerce shopping trends continue to accelerate.”
“Our mission is to support these smaller entrepreneurs and businesses by providing an integrated e-commerce service that strengthens their online platform. With CCMB, we can now provide merchants with cost-effective shipping materials in addition to a best-in-class supply chain and logistics network, supporting growing merchants as they seek to scale their businesses and compete in the e-commerce space,” Tariq said in the announcement.
A report by real estate consultancy JLL indicated the U.S. will require 1 billion further square feet of warehouse space by 2025 because of the quick growth of online shopping, per news in July.
“Investing in industrial real estate was never considered as attractive as office or retail in the past,” the report said. “However, this dynamic has changed, in large part, due to the growth of e-commerce. Investing in industrial real estate is red hot and the continued growth of consumer online shopping drives the need for additional warehouse space.”