Oct 1- A former executive at GSI Commerce Inc was sentenced on Wednesday to 15 months in prison for insider trading related to the 2011 takeover of the e-commerce company by online retailer eBay Inc..» Read More
Nordstrom's decision to acquire online retailer HauteLook is just the latest example of the shake-up that is going in the designer goods market. Fashion designers are scrambling to play catch up with their online strategies now that more luxury customers are demanding it.
China may soon become known as a nation of spenders, rather than savers, thanks to Beijing's efforts to let consumption drive economic growth.
One of the most impressive retail stories in the recession has been Lululemon Athletica, the Canadian seller of women's yoga and running apparel.
Groupon, the social buying site that spurned a $6 billion takeover bid from Google earlier this month, has attracted several big institutional investors as it works to potentially go public in 2011, people briefed on the matter told the New York Times.
Online retailers are going to see a little something extra in their stockings this year. Online retail sales during the 2010 holiday season rose 15.4 percent from last holiday season to $36.4 billion, with strength across all categories, according to MasterCard's SpendingPulse eCommerce Index.
Last-minute shoppers rejoice, you now have a shopping day all your own. A group of retailers and restaurant chains have banned together to declare Dec. 23 "Click It to Gift It" day. The event will allow shoppers to buy egift cards and receive a variety of special incentives ranging from free gifts to special discounts to charitable donations.
I think I figured it out with these Chinese IPOs: We’ve got to stop calling the Amazons or YouTubes or the whatever's of China.
E-Commerce China Dangdang, the Amazon of China, priced on Tuesday night at 17 million shares at $16, well above the price talk of $13-$15, shares are up over 60 percent in its debut.
Consumers are continuing to point, click and buy. The latest read on online holiday shopping from Comscore shows a 12 percent increase in spending in the first 35 days of the November through December shopping season compared with the same period a year ago.
Even if Google doesn't buy Groupon, the talk of a potential multi-billion dollar deal has created buzz for both the group buying site and its rivals. While Groupon and rival LivingSocial are by far the most popular in the emerging space, they aren't alone, and some suspect other sites such as SocialBuy, Tippr, and BuyWithMe could also be ripe for a takeover.
Americans jumped on deals and promotions offered online on Cyber Monday, spending $1 billion and making it the busiest online shopping day ever, according to new data.
First Black Friday became a whole weekend of deals, now it looks like it's Cyber Monday all week. Several retailers have announced extensions of their Cyber Monday discounts into Tuesday or for the entire week.
This is supposed to be the year online shopping using mobile devices takes off, but the shopping experience is lagging.
Blue Nile CEO Diane Irvine said the online jewelry retailer had a "record" Thanksgiving and Black Friday, both in terms of sales and traffic.
Attention online shoppers: you really can save money on Cyber Monday. Although some have criticized the key shopping-day concept as being completely contrived—after all, the term was coined by the industry’s trade group—Cyber Monday has evolved into quite the sales event. A look at the how the deals will shake out throughout the holiday season.
Consumers may be loosening up their purse strings a tad this holiday, but bargain hunting is out of the picture. In fact, shoppers can expect plenty of promotions and discounts as retailers battle it out in the vital closing months of the year. Lower price-point gifts will play a role in luring customers in and guiding their purchase decisions.
Google is in talks acquire popular retail deal site Groupon, according to a report from the Wall Street Journal Friday.
The Beatles look set to make their music available for the first time on Apple’s industry-leading iTunes digital entertainment store, the company behind the iPod and iPhone is expected to announce on Tuesday, signaling an end to the company’s disputes with the best-selling band. The FT reports.
Amazon is no longer selling a self-published guide for pedophiles.
Amazon is standing behind the first amendment in the face of a social media firestorm over a self-published digital book on its site titled "The Pedophile's Guide to Love and Pleasure: A Child-lover's Code of Conduct."