Forward-thinking insights on retailing in a digital world
Pinterest just raised $100 million dollars, pegging the image-based social network at a $1.5 billion dollar valuation. On top of impressive growth numbers the site has seen, it has quickly proven a powerful ecommerce driver. According to one recent study, 47% of U.S. online consumers have made a purchase based on recommendations from Pinterest. But [...]
Facebook’s initial public offering (IPO) is around the corner as CEO, Mark Zuckerberg, and his circle of executives complete an investor roadshow that aims to lift the veil and reveal a long term strategy for Facebook’s development. The social network’s user growth has been well documented over the years but now with the company’s impending [...]
Amazon has just launched a new Add-on program, which offers “thousands of low-cost items that would be cost-prohibitive to ship on their own” on orders totaling $25 dollars or more. It appears that Amazon is designating certain new items as Add-on items as well as converting some items that currently sell in bundles to Add-on [...]
Showrooming–the practice of shoppers using bricks-and-mortar stores for hands-on research before purchasing elsewhere–has been steadily increasing. The first national attention it received was perhaps this past December, when Amazon offered shoppers $5 off a purchase if they used the Amazon Price Check app in a store. The offer caused a backlash among interest groups, retailers, [...]
Barnes & Noble has teamed up with Microsoft to establish a new Barnes & Noble subsidiary tentatively called Newco. Microsoft will invest $300 million into Newco, giving the software giant a 17.6% equity stake and valuing the subsidiary at $1.7 billion. A Nook application for Windows 8 will be the first service launched between the [...]
The evolution of mobile payments continues to grab headlines as retailers remain curious about practicality, functionality, ease of use, and overall security in regards to the ever changing payment channel. Plastic isn’t broken, and shoppers are hardly demanding mobile payments. But retailers and experts believe their potential is great. • Just 12% of mobile phone [...]
My name is Justin Bomberowitz and I’m excited to join the Digital Advisory team at RetailNet Group. I will cover Ecommerce along with all emerging technologies that affect retail. I spent the first few years of my career as an Emerging Technology Analyst at TowerGroup covering mobile payments, mobile banking, and social media trends. Most [...]
Amazon is projected to be the world’s third largest retailer by 2016. RetailNet Group recently updated its Amazon forecast following Q1 2012 results and discovered this, and other amazing facts. The world’s largest online retailer currently ranks as the 21st largest retailer in the world with $48 billion in sales. Over the next 5 years, [...]
