News about Stord

Stord, a fast-growing e-commerce logistics provider, has made its largest acquisition since its founding 11 years ago by buying AMS Fulfillment, which processes online orders for more than 150 beauty, wellness and direct-to-consumer brands. The price was not disclosed, but Stord said it was in the nine-figure range. The deal adds 10 warehouses with nearly 1.3 million square feet across Los Angeles, Salt Lake City and Philadelphia, taking Stord's global network to more than 100 own-controlled and partner locations. Stord says it handles more than $15 billion in gross merchandise value annually for over 1,000 e-tailers, and that its revenue has grown 10-fold over four years to approach $1 billion. The company raised $250 million in venture funding in May at a $3 billion valuation and is using the capital to expand its network and invest in robotics and AI.