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Ex-Diapers.com CEO raises $55M for Jet, looks to battle Amazon with new online ‘shopping experience’

Amazon.com made a bold move three years ago, buying the parent company of Diapers.com for a reported purchase price of more than $500 million. Last year, technology journalist Brad Stone — writing in his book The Everything Store — uncovered some of the heavy-handed tactics that Amazon utilized to take over the fast-growing upstart. Now,… Read More

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As Facebook and Twitter push into social commerce, Seattle startup Comr.se raises cash

Comr.se, a social commerce startup that graduated from B2B incubator 9Mile Labs last year, has reeled in an additional $800,000 in capital that it will use to grow the team and add new customers. The company earlier this month rolled out a full public release of the technology, which allows brands using e-commerce platforms such as  Magento, Shopify,… Read More

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Ex-Amazon engineers raise $8.5M to help retailers set dynamic pricing

Boomerang Commerce, a Santa Clara, Calif. startup led by former Amazon.com engineers Guru Hariharan and Madhusudhan Rao, has raised $8.5 million in series A financing from Trinity Ventures and Madrona Venture Group. The company also is officially unveiling its first product today, a new Dynamic Price Optimizer that’s designed to help online retailers dynamically set… Read More

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Startup Spotlight: Shoppost lets retailers sell products in social media newsfeeds

Since people are spending more and more time looking at Facebook and Twitter, why not let them purchase items directly from their social media feeds? That’s the thinking behind Shoppost, a Seattle startup that’s developed an app to allow retailers to sell products directly in social media newsfeeds with interactive posts. A few years ago, CEO David Robb helped start a… Read More

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Men’s clothing retailer Bonobos raises $55M from Nordstrom and others to open ‘Guideshops’

Bonobos started in 2007, selling flashy men’s apparel online. Now, the New York-based company has scored $55 million in fresh capital — including money from Coppel Capital, Mousse Partners and Nordstrom — to expand the brand in the physical retail world. The money-losing company plans to open about 30 new stores in the next two years, adding… Read More

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Zulily shares soar on analyst report that applauds ‘hyper growth’ strategy

Zulily’s stock jumped 10 percent this morning after an analyst report upgraded the company’s shares to a buy from a neutral rating. In early trading, shares were up $3.70 apiece to trade at $40.25. Investors were bullish on the online retailer, which markets clothing, toys and home goods to moms, after Goldman Sachs released a report that said Zulily’s “hyper… Read More

Walmart CEO Doug McMillon

Walmart CEO Doug McMillon credits Amazon for ‘teaching the world what’s possible’

Walmart and Amazon are two giants in the world of retailing, one started off in the physical world and the other online. But today those two lines are blurring more than ever before, according to Walmart’s Doug McMillon who was interviewed at the Code Conference. “Clearly, Amazon is teaching the world what’s possible,” said McMillon, who was named CEO four months ago…. Read More

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eBay suffers cyberattack, urges customers to change passwords as Target continues to reel from data breach

eBay is urging customers to change password information after a cyberattack allowed unauthorized access to names, email addresses, physical addresses, phone numbers and dates of birth. The attack also compromised a “small number of employee log-in credentials,” meaning the cyber attackers gained access to the corporate network. An eBay spokesperson told Reuters that there may be… Read More

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E-commerce meets social: Amazon racks up 157K #AmazonCart tweets in 2 weeks

Amazon.com introduced #AmazonCart earlier this month, giving customers an easy way to add items they see on their Twitter feed to an Amazon online shopping cart. But is the new feature catching on with social media-savvy consumers? Seattle-based startup Simply Measured perused the analytics and found that #AmazonCart was tweeted more than 157,000 times during the first two weeks… Read More

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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

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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