Electronics retail chain Best Buy reported dismal results in its fiscal 2013 Q2 earnings report today, with profits taking a 91 percent nose dive.
Editor’s Pick Apple is building a new store in the heart of Silicon Valley with an extremely high-bandwidth connection to one of the Internet’s major hubs.
Editor’s Pick After hearing chief executives Jack Dorsey and Howard Schultz discuss how the arrangement came to be, it seems like one of the most logical unions between tech and business in recent memory.
Retailers typically measure online ads with online results: cost per click, cost per action, cost per sale. But Helsinki-based shopping analytics firm RapidBlue recently tested the effects of online ads on offline sales. And, surprisingly, it found a strong correlation: double-digit increases in both the number of shoppers and the amount of time they spent in store when stores ran Google AdWords campaigns.
Sponsored Post Recent research indicates that by 2014, more than one in three American Internet users will have a tablet device, and that 52 percent of tablet owners prefer to shop online using their tablets.
Beauty retailer Sephora has just become one of the first retailers to fully integrate with digital pin-board Pinterest by adding a “Pin It” button to every one of its 14,000 products.
There is a strange duality in the world of brick and mortar tech stores today. In the last four years CompUSA, Borders, and Circuit City all went out of business. Many expect Best Buy to follow in the near future. At the same time, Apple has opened over 300 retail outlets worldwide. And recent reports indicate that Microsoft, Amazon, and Google plan to follow Apple’s lead.
Apple has announced that John Browett, the now former CEO of UK-based Dixons Retail, will join the company as senior vice president of its retail division.
Guest Post Let’s say you’re an NFL running back.
Fab.com, the design-focused flash sale site, has been going gangbusters lately. Today, the company announced a slew of changes aimed at a global takeover.
Guest Post Mobile payments are a revolution waiting to happen. It just makes sense that, with so many of us carrying around increasingly advanced smartphones, we’ll be able to use them to pay at brick-and-mortar stores and the check-out line.
Facebook is bringing a boatload of apps and actions onto the social network. Now, instead of just “Liking” something, you can say you read it, listened to it, or watched it, all through your favorite web and mobile apps.
Amazon stock stumbled today when a Goldman Sachs analyst estimated the company’s quarterly sales at $17.9 billion rather than the earlier estimate of $18.2 billion.
This holiday shopping season produced winners and losers for retailers, the entertainment industry and restaurants. Some companies — including Amazon and Walmart — recorded high sales numbers and increased customer satisfaction. Others didn’t fare as well.
Stitch Labs, provider of an inventory management service for small retailers, has integrated its service with online craft marketplace Etsy.
Consumers have become apathetic about retailer price protection programs. So Pricetector has created a new kind of social loyalty program that works for both consumers and retailers.
X.commerce, eBay’s developer arm, named the five venture capitalists today who will be involved in next week’s “VC Bait” panel at its Innovate conference.
Fab.com is borderline famous for its design-focused flash sales, and today, it’s launching pop-up shops.
Borders, the second-largest chain of book stores, announced that it will close its 399 remaining retail locations after failing to sell to another company, reports the Wall Street Journal.
Ron Johnson, the man who made Apple’s retail ambitions a reality as senior vice president, has been tapped by department store chain JCPenney to become its new chief executive.
Apple is apparently planning to celebrate the tenth anniversary of its retail stores this month with a slew of improvements spearheaded by none other than Steve Jobs and design head Jon Ive, 9to5 Mac reports.
Retailers are quickly realizing the importance of creating a robust and personal mobile shopping experience for their customers. When implementing a strategic mobile strategy, the first question retailers consider is this: mobile-optimized website, rich downloadable app or both?
Microsoft executives are battling internally whether it should open more retail stores, Business Insider reported today.
eBay announced that it has acquired Berlin-based Brands4friends, a European online retailer that sells significantly discounted merchandise to its members, for $200 million.