gamestop

If new consoles from Microsoft and Sony didn’t save GameStop, then what can?

GameStop’s stock traded lower today after it reported weaker-than-expected results in the fourth quarter despite strong console launches from both Sony and Microsoft. Analysts said the disappointing results were largely driven by a switch in consumer behavior from buying games at retail to purchasing them digitally for the new consoles, as well as, playing games… Read More

Zulily co-founder Mark Vadon in a 2011 interview

This Seattle tech exec saw his net worth skyrocket $500 million today

Zulily’s shares jumped more than 35 percent today after Wall Street applauded the Seattle online retailer’s fourth quarter earnings, which blew right past analysts’ estimates. The performance even got CNBC’s Jim “Mad Money” Cramer hyperventilating with excitement. But there’s one person who benefitted more than anyone with today’s news: Zulily chairman Mark Vadon. Vadon, the… Read More

Target Chairman and CEO Gregg Steinhafel

Target security breach encompasses 70 million

Target revealed today that the massive security breach that hit 40 million customers’ credit and debit cards also encompasses the personal information of 70 million people. As a part of its investigation into the breach, the retailer said that the attackers who stole millions of credit cards also got email addresses, phone numbers, names and… Read More

GoPago

Amazon reportedly buys payment startup GoPago

Amazon has purchased GoPago, a San Francisco-based tablet point-of-sale and mobile payment startup, according to a report in La Repubblica, GoPago’s platform allows users to pre-pay for goods at a participating business with a mobile app, and works as a Square-like point-of-sale system for businesses. The terms of the deal have not been disclosed, though co-founder… Read More

eBay exec Paul Todd

eBay wants to help retailers leverage technology to compete with Amazon

MOUNTAIN VIEW–For eBay, competing with Amazon is difficult, in part because the company’s services have reshaped the playing field for retailers everywhere. “Amazon has raised the game in terms of the basics of commerce,” Paul Todd, the head of strategy for eBay Marketplaces, said at The Atlantic’s Silicon Valley Summit this morning. Thanks to programs… Read More

Blue Nile Display at Nordstrom

Nordstrom and Blue Nile put a ring on it with ‘clicks and bricks’ diamond experiment

Blue Nile built its business selling diamond rings online, but the Seattle-based e-commerce company is now experimenting with a physical retail presence — albeit a small one — through a partnership with Nordstrom. A new Blue Nile display in the second-floor bridal department at Nordstrom’s downtown Seattle flagship store is the online diamond seller’s first-ever collaboration with… Read More

walmart-truck1

Walmart tops list of most visited retailers on Thanksgiving

In a development that shocked nobody, Walmart was the most-visited retailer on Thanksgiving, according to new rankings published by Placed, a Seattle-based location analytics company. While stores opening on Thanksgiving is still something of a controversial subject, that certainly has not stopped shoppers from all over rushing to get deals after finishing their turkey. Walmart,… Read More

bluenile

Sales sparkle at jewelry retailer Blue Nile, up 10.1 percent

Blue Nile, the Seattle online retailer of diamonds and jewelry, said that third quarter revenues increased 10.1 percent to $98.9 million. Net income also rose to $2.9 million, up from $1.7 million for the same period last year. “These results demonstrate once again that our strategy is working. Our third quarter sales increase of 10.1%… Read More

redbox-kiosk

Shares of Redbox parent jump after hedge fund discloses large stake, encourages sale

Shares of Outerwall, the Bellevue company best known for its Coinstar coin counting machines and Redbox movie rental kiosks, jumped more than 17 percent after the New York investment firm Jana Partners disclosed that it had become the company’s largest shareholder with a 13.5 percent stake. Shares of Outerwall are trading Monday morning around $60.50,… Read More

groupon33

Groupon hires Amazon Prime VP, continues Seattle expansion

Groupon continues to mine Amazon.com for talent, and today the daily deal company picked up a big name from its rival. Groupon, whose stock has risen 150 percent in the past year, announced that it has hired Robbie Schwietzer as vice president of operations. He comes to Groupon after a decade at Amazon, most recently as… Read More

amazonlocker-atamazon

RadioShack, Staples pull plug on Amazon Lockers

Well, that didn’t last long. Staples and RadioShack are pulling the plug on their 11-month-old experiment around Amazon Lockers, the program that allows customers to order goods online at Amazon and then pick them up at locker units at the brick-and-mortar stores. Bloomberg BusinessWeek has the scoop on the end of the partnerships, with a spokesperson… 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

potbelly44

Maveron-backed Potbelly Sandwich Shop files for $75M IPO

This IPO could be really yummy? Potbelly Sandwich Shop, a Chicago restaurant chain founded in 1977, has filed to raise up to $75 million in a public offering. The company is backed by Maveron, the Seattle venture capital firm led by Starbucks CEO Howard Schultz and former investment banker Dan Levitan. In fact, Maveron Equity Partners… Read More