At this point it is becoming painfully obvious that the online marketplace is quickly moving from the niche to the mass. In terms of profitably at least. We’ve already seen ice.com raising $47 million to capture the jewelry ‘niche’ market, and then etsy.com raised another $27 million to capture the niche ‘handmade’ market. And then last night Amazon announced their …
After 6 years serving the $1.7 Billion dollar online cosmetics market Gloss.com (180 on IR 500) has shut down. Gloss.com was run by the $7 Billion dollar cosmetics giant Estee Lauder. Traditional retailers are quickly finding out just how competitive the online arena is. Here is a chart comparing traffic between Gloss.com and other beauty product etailers:
ATG subsidiary eStara has a really smart widget. They call it Save & Send. Save & Send allows consumers to store or forward information in their preferred electronic format – on the desktop, the Web or mobile device. Most retailers already allow customers to save shopping cart information within their own site, but this takes it one step further and …
Most eCommerce sites are monolithic but Ruehl (part of Abercrombie and Fitch) is making attempts to mix things a little. Their new site, Ruehl.com, uses flash for merchandise display and while the idea might not be completely new I think the overall experience is rich and innovative. Congratulations to their creative agency.
Personal shopper (personalshopper.com) is a great idea and I believe the concept has potential to grow into a significant retail disruptor. Unfortunately, as of now, the site is still very primitive. But watch this space. Very soon they or another similar idea will take off. The missing ingredient is strong editorial. What the retail world needs is a site where …
According to a survey of visitors to major internet retailers of books, music, movies and games, Overstock.com (NASDAQ: OSTK) is the most reliable and responsive on the web.
Omniture just bought Visual Sciences for $394M. Details at: http://www.marketwire.com/mw/release.do?id=785202
All 3 online assets of Bombay company (BombayCompany.com, BombayOutlet.com and BombayKids.com) have been closed. This is the end.
The Bombay Company could begin the close down of all 400 stores soon. It is still unclear what will happen to their online assets BombayKids.com, BombayCompany.com and BombayOutlet.com. What is especially shocking is that Bombay company is ranked 277 in the IR 500 list. Farewell, Bombay.
For the year Costco Wholesale Corp. grew its e-commerce sales by about 39% to $1.22 billion compared with web sales of $880 million in fiscal 2006 – Source: Internet Retailer
I really enjoyed this post by the folks at threeminds
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