Boxed, Inc.
BOXD-WT
New York Stock Exchange0.01
USD
- -
- -
CIK
0001828672
Return %
Stock
S&P500
1Y
-89.09
19.01
3Y
-89.09
65.49
5Y
-89.09
72.21
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Consumer Cyclical
- Industry
- Specialty Retail
- Address
- CIK
- 0001828672
- Similar Companies
- Business
- Boxed, Inc. (BOXD-WT) operates as a membership-free online wholesale retailer specializing in bulk-sized consumer goods delivered directly to businesses and households across the continental United States. The company offers an extensive range of branded and private-label pantry consumables, including paper products, snacks, beverages, cleaning supplies, groceries, household essentials, and health products; it also provides e-commerce software and services through its Spresso platform, featuring AI-powered tools for pricing intelligence, personalized recommendations, data analytics, streamlined checkout, and enterprise-level operations optimization. Boxed maintains fulfillment centers in locations such as New Jersey, Nevada, and Texas, enabling nationwide distribution with flexible delivery options like next-day service, and targets both B2C household customers and B2B clients including offices, small businesses, and enterprise retailers. Founded in 2013 and headquartered in New York City, New York, the company went public in 2021 via a SPAC merger with Seven Oaks Acquisition Corp. In April 2023, Boxed filed for Chapter 11 bankruptcy protection amid financial challenges, with assets of approximately $102.5 million against debts exceeding $190 million, leading to the wind-down of certain retail operations and the spin-out of its Spresso technology division supported by funds managed by BlackRock. Subsequently, in August 2023, substantially all of Boxed's assets—including the boxed.com domain, customer data, trademarks, social media accounts, and affiliates—were acquired in an all-cash transaction by MSG Distributors, Inc., a New York-based regional distributor of consumables and household products with facilities in New York, Florida, Texas, and California. This acquisition enabled MSG to expand its nationwide reach, integrate Boxed's customer base of over seven million users, and leverage its three distribution centers for enhanced processing and delivery capabilities. In July 2024, MSG relaunched Boxed.com powered by a strategic partnership with Spresso, led by former Boxed co-founder and COO Jared Yaman as CEO, introducing advanced features such as machine learning personalization, comprehensive data modeling, and flexible fulfillment to revitalize bulk shopping experiences. The partnership aligns Spresso's AI-driven e-commerce suite with MSG's supply chain expertise, aiming to boost customer loyalty, sales, and operational efficiency while reintroducing established brands and adding new ones for vendors. These developments mark Boxed's transition under new ownership, focusing on technology-enhanced wholesale distribution without membership fees.