Online home retailer Dot & Bo closed down abruptly yesterday. The company, which launched in 2013, sent an email to all subscribers last night announcing that Friday was its final day of operations.
Their website now directs to the same email notice, stating that they "were in deep discussions to be acquired by a prominent public company, but ultimately the partnership did not come to fruition."
While ecommerce sites like Jet.com have had extremely successful acquisitions, garnering a price of $3 billion from Walmart, retailers in the home space aren't faring as well, Techcrunch points out. We reported in June about Bed Bath & Beyond's purchase of One Kings Lane, which may have been as low as $30 million, according to Recode.