bluenile

Blue Nile results disappoint, international chief departs

Seattle online jewelry retailer Blue Nile reported a 7.2 percent increase in sales for the fourth quarter to $146 million on net income of $4.9 million, disappointing Wall Street with the results. The stock is down 16 percent on the news, trading at $35.06. Analysts had expected revenue of $153.4 million. “Our performance over the… Read More

zulily

Zulily shares soar 7%, tops $5 billion market value

Seattle’s newest publicly-traded company is continuing to shine on Wall Street after its spectacular IPO last month. The stock of the daily deals company jumped more than seven percent in value today, giving it a whopping market value of $5.58 billion. (There are currently 132.2 million outstanding shares).  That’s more than both Zillow and Tableau… Read More

comrse1

Comr.se raises $780K to help brands sell products within social streams

Shopping cart technology isn’t exactly the newest innovation around. But one young Seattle startup seems to have struck the right chord in terms of bridging the gap between social media, advertising and e-commerce. Comr.se — pronounced “commerce” — just raised $780,000 of a seed round that remains undisclosed. The company, a recent graduate of the B2B incubator… Read More

Jason Goldberg

Jason Goldberg’s Amazon-rival Fab lays off more than 100

Things seemed to be flying high this past June for Fab when the New York-based e-commerce upstart raised $150 million at a reported valuation of $1 billion from Andreessen Horowitz, Atomico and Chinese Internet powerhouse Tencent. But then came layoffs a month later when 100 employees were let go in Berlin. And today comes another round of job cuts, as Fab… Read More

liftopia-screen

Ski lift ticket seller Liftopia carves fresh path with $5M from Spencer Rascoff, Marc Benioff and others

Some big names in tech are hitting the slopes. Zillow CEO Spencer Rascoff, Salesforce CEO Marc Benioff, Yelp CEO Jeremy Stoppelman, former Expedia CEO Erik Blachford are joining with Industry Ventures, First Round Capital, Lowercase Capital and others to bankroll Liftopia, which offers discounted ski lift tickets at hundreds of ski resorts throughout the world. The… Read More

staples

Staples picks Seattle for new e-commerce and engineering center

It’s not just tech giants with names like Google, Facebook and Groupon which are expanding their operations in Seattle. Here comes Staples, the brick-and-mortar retailer which announced Thursday that it plans to establish a new development center in Seattle in the coming months, with room for as many as 50 employees in downtown Seattle, the company… Read More

flipkart.jpg

As Amazon enters India, rival Flipkart raises $200 million

Amazon recently stepped into the e-commerce arena in India, and now one of its biggest rivals is raising more cash. Flipkart, the current dominant player in India’s e-commerce market, just raised $200 million from its existing investors, marking the company’s largest round to date. Indian tech blog NextBigWhat noted that this marks the largest investment to date… Read More

goldberg44

Jason Goldberg’s Fab raises $150 million in bid to rival Amazon with ‘emotional commerce’

Jason Goldberg sure has come a long way since Jobster, the Seattle startup company he founded in 2003. Now, at the helm of New York-based e-commerce upstart Fab, the charismatic and controversial entrepreneur just pulled in a whopping $150 million funding round at a reported valuation of $1 billion. Investors in the deal include Andreessen Horowitz; Atomico… Read More