A software error can end up costing a company quite a lot. While for Google, the toll is still unknown, for an online retailer of shoes, clothing and other similar items, 6pm.com, the number is easier to pinpoint. The company, affiliated with Zappos, lost $1.6 million by its own account, after the pricing engine capp... |
24 May 2010
10:56 GMT |
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Google is aiming for the enterprise and business market with several products and it's slowly making some progress in the sector. Now, it's launching a new product aimed at e-commerce sites, but, this time, based on what it does best, search. The new Google Commerce Search is a dedicated cloud service aimed... |
5 November 2009
03:15 GMT |
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Amazon and Zappos have finally closed the acquisition deal first announced in July, both companies have confirmed. The biggest online retailer in the world made a bid last summer to acquire the shoe and apparel shopping site in a mostly stock deal. When the deal was announced, Zappos was valuated at about $880 millio... |
2 November 2009
10:55 GMT |
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The social web is influencing more and more sectors online and shopping hasn't been spared. A big number of retailers already has some sort of presence on social websites and their number is growing rapidly. It's not enough to have a good website these days, as a great Facebook page or YouTube channel are e... |
27 October 2009
13:01 GMT |
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Amazon posted its Q3 financial results yesterday and easily beat Wall Street expectations with a solid bump in revenue and net income. Growth was fueled by strong sales of the company's e-book reader, the Kindle, but other segments performed well also. The international branching out also played a part in the co... |
23 October 2009
09:18 GMT |
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Online retail giant Amazon is pushing even harder at replacing brick-and-mortar stores with a new same-day delivery option in several large cities in the US. Customers will now have the option to receive their purchases on the same day they made them with a few caveats. There is an added tax to the new delivery optio... |
16 October 2009
10:23 GMT |
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Newegg.com, a popular online retailer among computer and electronics enthusiasts, announced that it would file for an initial public offer (IPO) hoping to raise $175 million. The venture-capital backed company revealed its plans in a regulatory SEC filing that also shows that the company has been profitable for every... |
29 September 2009
04:55 GMT |
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Alice.com, an online shopping startup, has raised $4 million in a second round of funding according to a SEC filing. The site was launched earlier this year and it provides an alternative way for consumer packaged goods (CPG) manufacturers to reach their customers directly, having also raised interest thanks to its i... |
22 September 2009
06:08 GMT |
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Online retail is big business and the market still has a lot of potential growth in it. Brick-and-mortar retail giant Walmart knows this, of course, but so far its online foray hasn't been as successful as it hoped. In a move that is meant to allow Walmart.com to better tackle the likes of Amazon and increasingl... |
1 September 2009
06:13 GMT |
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Target, the second biggest retailer in the U.S., announced in a press release that, starting 2011, it would manage and run its own e-commerce platform independently from Amazon's services. The service should be built and launched before the holiday season of 2011. After a very lucrative deal with Amazon, the co... |
8 August 2009
03:13 GMT |
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EBay was once one of the most powerful and most popular companies online but time hasn't been especially kind to the company, with its main business, the auction site with the same name, seeing a decline in user numbers and, more importantly, in revenue. In a move to revive its Marketplaces unit eBay has announc... |
28 July 2009
06:22 GMT |
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Amazon has announced it is buying shoe and apparel online retailer Zappos for 10 million Amazon shares. The company valued the shares at $807 million but the closing price for Amazon share was at $88.79 today putting the deal at more than $880 million. Zappos employees will also get $40 million in cash and restricted... |
23 July 2009
02:51 GMT |
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