Wal-Mart is looking to turn its huge brick-and-mortar retail footprint into a beneficial asset as it continues to battle against Amazon.com. And it’s latest effort to do so is an area where Amazon has already innovated: physical lockers. Wal-Mart announced at an event in San Bruno, California today that it plans to begin testing a… Read More…
Indochino, the Vancouver, B.C.-based men’s fashion site, has pulled in $13 million in fresh funding that it will use to build out its e-commerce site for suits, shirts, and other custom menswear. The deal was led by Highland Consumer Fund, with existing investors such as Madrona Venture Group, former Yahoo executive Jeff Mallett and others participating… Read More…
Barnes & Noble is struggling. Could Microsoft, which invested $300 million in the company’s Nook digital reader business last year, be the bookseller’s savior? Barron’s got the rumor mill going over the weekend when it wrote that Microsoft’s ownership of the nation’s largest bookseller would “jump start” the company’s retail efforts by giving it 677… Read More…
Bipartisanship is a rare beast in Washington D.C. these days, especially when it comes to new taxes. So when 35 house members and 18 senators introduce new tax legislation, it’s worth taking notice. Dubbed the Marketplace Fairness Act, the bill seeks to essentially create a nationwide sales tax for online retailers. The goal being to… Read More…
Apple is doing it. And so is Microsoft. Now, Google may jump into the brick-and-mortar retail game. 9to5Google reports that the Internet search giant plans to open retail stores in the U.S. in time for the 2013 holiday season. Though known for online advertising and search (which, of course, would be hard to tout in… Read More…
We’ve been having fun covering Amazon.com’s ambitious locker effort — including Todd Bishop’s experiment to pick up a pack of batteries at a Seattle area 7-Eleven store. Since then, Amazon Lockers have been popping up at various locations around the country, including at the company’s ever-expanding headquarters in the South Lake Union area of Seattle. That’s why… Read More…
Let’s just call it the Amazon.com impact. An executive for Barnes & Noble tells The Wall Street Journal that it will close down as many as 20 stores per year over the next 10 years — part of a plan by the retailer to focus on its most profitable stores. Barnes & Noble also has… Read More…
Amazon.com isn’t messing around when it comes to expansion in California. The Seattle online retailer today announced that it plans to open a new 1-million square-foot fulfillment center in outside of San Francisco in Tracy, California. It marks the third announced fulfillment center in California for Amazon, which opened its first facility in San Bernardino… Read More…
With the holiday shopping season wrapped up, Microsoft this morning announced six locations in the U.S. where the company plans to open its first retail stores of 2013. It’s part of a broader effort by the company to increase its retail footprint as a marketing and distribution strategy, to have more direct interaction with consumers…. Read More…
Americans continue to spend more of their cash online this holiday season, with comScore reporting that online spending is up 16 percent so far this holiday season. One of the reasons for the surge was a big uptick in last-minute shopping, propelled by free shipping promotions by online retailers. That included what is being dubbed… Read More…
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