E-Commerce

LivingSocial Raises $400M, Making Serious Competition for Groupon
April 19, 2011

LivingSocial, one of the world’s largest daily-deal e-commerce sites, pulled in $400 million in financing almost two weeks ago, with nearly half of the money already deposited into the company piggy bank. The influx of cash will expand the company’s deal offerings.

Lobbyists in Indiana the Latest to Push for E-Commerce Tax
April 13, 2011

Retail industry lobbyists in Indiana are trying to get state lawmakers to pass an online sales tax provision that they claim would result in hundreds of millions of dollars in revenue. The Indiana Retail Council and the Alliance for Main Street Fairness held a press conference in the Indiana Statehouse to ask for legislators’ support in requiring sites such as Amazon.com to pay sales tax.

Tory Burch Launches M-Commerce Site, Redesigned E-Commerce Site
April 13, 2011

Luxury lifestyle brand Tory Burch has officially relaunched toryburch.com on the Demandware Commerce platform. Combining e-commerce with its editorial content and social media, the new site reflects the style and personality of its CEO and founder, Tory Burch, while enhancing its customers’ online shopping experience.

eBay Agrees to Acquire Shares in Turkey’s GittiGidiyor
April 13, 2011

eBay announced that it's agreed to acquire additional shares in GittiGidiyor, the leading online marketplace in Turkey. The deal follows eBay’s acquisition of a minority stake in the company in 2007. Upon closing of the transaction, eBay will own approximately 93 percent of the outstanding shares of GittiGidiyor.

Sears to Roll Out Beauty Departments
April 12, 2011

Sears announced the expansion of beauty departments to more than 100 store locations and Sears.com. The new cosmetics departments will include beauty products from such well-known brands as L'Oreal, Maybelline, Revlon and CoverGirl, in a range of hues for every woman.

Facebook Won’t Become E-Commerce Force, Analyst Says
April 8, 2011

All sorts of merchants are experimenting on Facebook. But does this mean Facebook is en route to becoming a major e-commerce player? Forrester Research analyst Sucharita Mulpuru says the answer is a resounding “No.”