It's hard to run a successful ecommerce site, if you are a one person shop or even for a company with significant resources. NYPost.com reported that Style.com is being sold by it's current owner Condé Nast International. The buyer is Farfetch. From the article: Condé Nast International CEO Jonathan Newhouse, in a note to 75 staffers announcing the sale, said the e-commerce venture “had … [Read more...]
Mobile Now Accounts for Close to Half of China’s Retail eCommerce Sales
A new report from eMarketer.com shows that China is far more mobile than the U.S. when it comes to ecommerce. Over 87% of all users in China regularly access the Internet with a mobile phone vs 74.6% in the U.S. From the report: This estimate puts retail mcommerce sales in China at nearly 450% of those in the US, where such sales are expected to rise 32.2% in 2015. Even more striking, in the … [Read more...]
NoMoreRack.com rebrands to Choxi.com
Internet retailer NoMoreRack.com has rebranded, the name they chose is Choxi, according to the company it is hybrid of "Chock Full" and Choice. I can say I don't get it. I don't think the name is easily spelled when one customer may tell a potential new shopper. On top of that Target used to sell a brand of chocolates called Choxie. InternetRetailer.com reports that the move was partially due … [Read more...]
Global e-Commerce Sales Projected to Hit $994.5 Billion This Year
Thad Rueter reported for InternetRetailer .com that global e-commerce sales are expected to hit $994.5 billion according to A.T. Kearney. The report cited the United States ahead of China for “online market attractiveness.” From the article: Global e-commerce sales will reach $994.5 billion this year, up 18.4% from $839.8 billion in 2014, according to a new forecast from A.T. Kearney. That … [Read more...]
Meet The Man Who Just Received 100,000 Shares in Jet.com
CNN Money published an article on Eric Martin of York, Pennsylvania, which is a two hour drive away from me. The article title was catchy, "This guy used a get rich quick scheme and got rich" When you read the article it seems Mr. Martin spent some money to get rich quick. We wrote an article earlier this month about Jet.com, the domain which was sold by legendary domain investor Garry … [Read more...]
SnapDeal Acquires Exclusively.com
Exclusively.com Acquired Medianama.com published an article on Exclusively.com getting acquired by SnapDeal, the company was originally Exclusively.in before getting the .com. From the article: Exclusively.in started as a flash sales site but pivoted to a standard e-commerce model offering designer apparel and accessories in 2011. The company used to ship products only to the US and UK … [Read more...]
Jet.com Raises $140 Million to take on Amazon
Forbes did an article on Jet.com and them raising $140million for the launch of their ecommerce website. The company has been touted as a rival to Amazon. Jet.com founder Marc Lore knows a thing or two about Amazon as he founded Quidsi the company which Lore sold to Amazon for $550 million. From a domaining standpoint, legendary Canadian Garry Chernoff was the owner of Jet.com for many years … [Read more...]