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A Target spokesperson declined to comment to Retail Dive on the report. Target has a long history of working with premium and trendy designers and brands. Through its TechStarts partnership , the company has also invested money and mentorship in startups. It's no surprise that retail giants like Target and Wal-Mart might eye investments and acquisitions in order to swiftly bulk up on technology, talent and/or product offerings. But while Wal-Mart Stores Inc. has been on a Pac-Man-like streak of e-commerce acquisitions since its purchase last year of Jet, Target has proceeded with more caution. That caution could partly explain why Target didn't go all in on Casper Mattress. "With only 5% of mattresses currently being sold online in the United States, I suspect this is more about bringing Casper mattresses into Target’s stores than an investment by Target in a pure play internet retailer," Nick Egelanian, president of retail development consulting firm SiteWorks International, said in an email to Retail Dive. Target reportedly also looked at buying Jet, but found the company over-priced. Target similarly contemplated acquiring online consumer product bulk sales company Boxed , according to an earlier report from The Wall Street Journal . Instead, Target is piloting its own answer to Boxed and Amazon Pantry, dubbed Target Restock . Meanwhile, late last year Wal-Mart bought online shoe retailer Shoebuy , in a challenge to Amazon's Zappos, for $70 million. So far this year Wal-Mart has paid $51 million in cash for online outdoor retailer Moosejaw and another $40 million to $60 million for vintage-inspired online women’s apparel Modcloth. Wal-Mart is also reportedly in discussions to add once pure-play menswear site Bonobos . This comes as the massive retailer paid $9 million for the web address alone of now-defunct Canadian online shoe retailer Shoes.com, which it plans to redirect to its Shoebuy site.
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