Retail arbitrage specialist Hallmark Retail Connect is selling online retailers including Amazon and Amazon Prime to Staples, a new partner in the online retail venture, for $25 billion, CNBC reported on Thursday.
Hallmark, which has a $300 billion portfolio of retail business, is buying Staples for $8.5 billion.
It also is buying online retailer Nordstrom.
The deal is expected to close by the end of 2019.
The news comes as the U.S. and Europe are facing an economic slowdown, with many retailers struggling to fill a gap created by the U:s economic slowdown.
Hallmarks acquisition of Staples and Nordstrom, a deal that will combine the two online retailers, is another sign of its strength.
The retailer has seen its sales decline as consumers turn to online shopping.
In January, Nordstrom announced it would not offer online shopping to its U.s. customers for another two months.