With hundreds of brand partnerships—including everything from Nieman Marcus to AutoZone—ShopRunner allows members to buy online from their favorite stores, then check out with ShopRunner, getting free two-day shipping. According to Recode, ShopRunner members spend more than $2 billion per year.
With Spring, ShopRunner could expand its fashion and lifestyle offerings, adding Spring’s more than 1,500 brands to their partnerships. Just five years old, the startup has raised $100 million in financing, according to Recode, but has struggled to expand its customer base.
A potential acquisition by ShopRunner stems from more than just business: News Vire reports ShopRunner founder Michael Rubin and Spring CEO and co-founder Alan Tisch are personal friends.
While the terms of the deal are unknown, the sale would make ShopRunner a powerful online retailer; CEO Sam Yagan has experience growing companies. He successfully co-founded both SparkNotes (every high school literature student’s hero) and OKCupid before moving up to the executive suite at Match Group. He became CEO of ShopRunner in 2016.