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

A regular-sized Amazon locker

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

amazonlogo

Publishing power move? Amazon raising prices on some books

Amazon.com has built its success in the book business over the years through dramatic price cuts, a strategic move which has all but wiped out the competition. Now, as The New York Times reports, the Seattle online retailer is raising prices on some select titles, causing some publishers and authors to wonder what’s going on…. Read More

bookstores1144

The weight of words: Why I hope bookstores stick around

I was taking video of my baby’s small, assisted zig-zag steps between the shelves at Ravenna’s Third Place Books when I looked at him and said something surprising. “I hope bookstores still exist when you’re old enough to read.” Immediately I checked myself. Did I mean that? Yeah. Apparently I did. This was interesting. For… Read More

MSFT_Bellevue_store511_web

Hello, Michigan: Ballmer going home to open Microsoft Store

When Microsoft opens retail stores in markets around the country, it often brings out celebs and execs with connections to the local community to participate. Which means that a special guest is in store for residents of Troy, Michigan, when a new Microsoft Store opens this week. No, we’re not talking about Kelly Clarkson, the… Read More

indochino1111

Men’s fashion site Indochino sews up $13 million to help guys sharpen their style

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

barnesandnoble-bellevue

Poll: Should Microsoft buy Barnes & Noble?

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

A regular-sized Amazon locker

Photo: The significance of Obidos at Amazon.com

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