Friday, April 15, 2011

Best Buy details a plan to double online sales

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April 15, 2011
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  Top Story 
 
  • HSN.com to host 48-hour electronics sale aimed at women
    HSN's online channel will host a two-day consumer electronics push featuring more than 100 gadgets -- all aimed at its core base of female shoppers. "When it comes to electronics, there really aren't many retailers that try to pair the category with females. But the female today is driving the majority of the purchases in the household. She is the influencer," said Sandy Conrad, head of merchandising for the electronics and home division. InternetRetailer.com (4/14) LinkedInFacebookTwitterEmail this Story
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  Online Retail Trends 
 
  • Japanese consumers return to online shopping
    Gilt Japan's flash-fashion site reported one of its busiest sales weekends since the March 11 earthquake and tsunami, as consumers clamored for bargain-priced luxury goods. Online shoppers are returning to the Web as an alternative to venturing out to brick-and-mortar stores, many of which have cut back their hours, for everything from necessities such as bottled water to a $14,280 necklace on Gilt. Bloomberg Businessweek (4/14) LinkedInFacebookTwitterEmail this Story
  • U.K. fashion fans turn to eBay for apparel deals
    More style-conscious consumers in the U.K. are turning to eBay to find affordable, used versions of fashions they crave. When they're done with the items, they sell them again. Sales of shoes, clothes and accessories on the auction website have increased 55% in the past two years and are up 29% this year. Telegraph (London) (4/14) LinkedInFacebookTwitterEmail this Story
 
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Are you failing to to satisfy user expectations for an outstanding online shopping experience? Do you need to accelerate your dynamic content? Do you strive to be a retailer that pushes the envelope with site technology and offerings? Learn why the Akamai Dynamic Site Accelerator is the right solution for those issues and more.
  New Media & Technology 
  • Survey: SMB websites unprepared to handle sudden spikes
    Most small- and medium-sized businesses host sites would be unable to handle a sudden 300% spike in traffic, and IT workers at almost three-quarters of those businesses say they would be overwhelmed by a 200% jump, according to a survey from Internet infrastructure provider Neustar. IT workers also reported that they often give in and go with lower-cost or free solutions rather than fight for pricier options that are likely to prove better as business grows. eWeek.com (4/14) LinkedInFacebookTwitterEmail this Story
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  Companies in the News 
 
  • Best Buy details a plan to double online sales
    Best Buy expects to double online sales to $4 billion in the next five years, while cutting the size of physical stores. Consumers research before they buy about 60% of the time, and 40% of online purchases are picked up at Best Buy stores, highlighting the need for more flexibility in catering to consumers through multiple channels, said Executive Vice President Shari Ballard. InternetRetailer.com (4/14) LinkedInFacebookTwitterEmail this Story
  • EBay's Plan B: Connect Chinese merchants with global shoppers
    EBay's highly publicized failure to thrive as a major e-commerce player in China hasn't deterred the company from attempting to make inroads in the country -- it just meant shifting to another strategy. This time around, eBay courted China's small merchants and exporters to sign on and sell their products to consumers in other parts of the world. Last year, merchants from China and Hong Kong accounted for $4 billion in revenue to eBay and PayPal, making it the online marketplace's fifth-largest market. Bloomberg Businessweek (4/14) LinkedInFacebookTwitterEmail this Story
 
  • LivingSocial sells $1 lunch deals to D.C. diners
    Deal-hungry smartphone users in Washington, D.C., have a chance to eat lunch for a buck at some of the city's top restaurants and cafes today, with an instant deal from LivingSocial. The daily deal site, which launched in the nation's capital last week, is using location-based technology to limit the deals to restaurants within half of a mile of users' locations. TMCNet.com (4/14) LinkedInFacebookTwitterEmail this Story
  • Other News
8 of the world's top 10 brands build their business on Facebook with the Buddy Media Platform. What's your plan? Power Tools for Facebook. Register for demo
  Featured Content 
 

  Interactive Advertising 
  • Report: More companies seek outside search-marketing expertise
    More marketers say they'll spend at least a portion of their search budgets on outside firms this year, in part because they've got more money to spend and in part because fast-changing technology requires expertise they don't have in-house, according to a new report. Search marketing grew to $16.6 billion in 2010, up $2 billion from the previous year, and is expected to reach $19.3 billion this year, the report says. DMNews (4/14) LinkedInFacebookTwitterEmail this Story
  Shop.org Spotlight 
  • Shop.org hosts half-day Online Marketing Workshop on May 3 in NYC
    Join Shop.org on May 3 in New York for educational sessions incorporating findings from the latest State of Retailing Online plus trends in e-mail marketing, social commerce and more. Located in Macy's flagship building, the workshop precedes a free New York City networking dinner. Shop.org retail member companies receive one free pass to the workshop. Additional passes are available for $395. Learn more. LinkedInFacebookTwitterEmail this Story
  • Shop.org SmartStat: April 15, 2011
    Shop.org will host eight free networking dinners in the U.S. and Canada next month. Source: Shop.org. LinkedInFacebookTwitterEmail this Story
 
  • NRF says "Congress is getting it seriously wrong" with Senate privacy bill
    Legislation introduced in the Senate this week could subject consumers to a blizzard of privacy notices that would do little to prevent identity theft or address other serious privacy concerns, according to NRF. The bill would apply to nearly all data about consumers collected by businesses or their service providers regardless of whether the information is collected online, through mobile devices, or in a store. Read more. LinkedInFacebookTwitterEmail this Story
Learn more about Shop.org ->Website  |  Events  |  Research  |  Shop.org Blog  |  Join Shop.org

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--Russell B. Long,
U.S. senator


 
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