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May 13, 2013

Amazon has launched its own currency, which customers will be able to use to purchase apps, games and in-app items from the Amazon Appstore and on Kindle Fire.

SEATTLE — Amazon has launched its own currency, which customers will be able to use to purchase apps, games and in-app items from the Amazon Appstore and on Kindle Fire.

To celebrate the launch, existing and new Kindle Fire customers in the U.S. have had 500 free Coins — a $5 value — deposited into their Amazon accounts.

April 18, 2013

Walmart still a ‘buy’ near all-time high

A Web site affiliated with noted television investment pundit Jim Cramer has reiterated its buy recommendation on shares of Walmart.

TheStreet.com rated Walmart A+ and said the company’s strengths can be seen in areas such as revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and net income.

"We feel these strengths outweigh the fact that the company shows weak operating cash flow," according to the TheStreet.

April 15, 2013

Amazon woos 50+ crowd with online health, wellness store

Online retailer Amazon has launched its 50+ Active and Healthy Living Store, which features hundreds of thousands of nutrition, wellness, exercise and fitness, medical, personal care, beauty, entertainment items and more — all in a single destination for customers in the 50+ age range.

SEATTLE — Online retailer Amazon has launched its 50+ Active and Healthy Living Store, which features hundreds of thousands of nutrition, wellness, exercise and fitness, medical, personal care, beauty, entertainment items and more — all in a single destination for customers in the 50+ age range.

April 15, 2013

Overstock founder returns as CEO

Overstock.com founder Patrick M. Byrne has returned as CEO of online discount retailer.

SALT LAKE CITY — Overstock.com founder Patrick M. Byrne has returned as CEO of online discount retailer.

Byrne took a medical leave of absence in February to address cardiac issues thought to be associated with cancer treatments received much earlier in his life.

April 4, 2013

Amazon, Walmart 'lock' up e-commerce deals

Walmart's e-commerce division is following Amazon's lead by starting programs to allow customers to order items online and then pick them up from lockers stationed at brick-and-mortar retailers.

NEW YORK — Walmart's e-commerce division is following Amazon's lead by starting programs to allow customers to order items online and then pick them up from lockers stationed at brick-and-mortar retailers.

Amazon has been running such a program for a couple of years in a few major cities, including installing the lockers at Rite Aid stores in cities like New York. The lockers allow customers to select a locker location for delivery and then retrieve ordered items automatically using a six-digit code.

February 28, 2013

Amazon, Target, Whole Foods among most admired companies

Amazon lead the pack in the retail field on Fortune’s “Most Admired Companies” list. The e-commerce juggernaut was third ranked overall (behind Apple and Google) for, among other reasons, its efficient customer service and leadership under CEO Jeff Bezos.

Nordstrom captured the number 16 spot for generating buzz for its first full-line retail store in Manhattan, well before its planned open date in 2018 and for its successful clearance brand, Nordstrom Rack.

February 8, 2013

Amazon lengthens online lead over Walmart and others

Traffic trends at Walmart and other major retailers declined in December even though e-commerce sales set new records in the fourth quarter and throughout 2012.

January 25, 2013

Overstock.com posts revenue growth

Overstock.com reported that fourth quarter revenue grew 9% to $342 million from $314 million for the same period last year.

SALT LAKE CITY — Overstock.com reported that fourth quarter revenue grew 9% to $342 million from $314 million for the same period last year. The company posted net income of $8.8 million, or 37 cents per diluted share, compared with a net loss of $3.4 million or 15 cents per diluted share.

January 10, 2013

Buy.com gets an e-makeover

Leading global e-commerce marketplace Rakuten Inc. has rebranded Buy.com, which it acquired May 2010, to Rakuten.com Shopping.

NEW YORK and ALISO VIEJO, Calif. — Leading global e-commerce marketplace Rakuten Inc. has rebranded Buy.com, which it acquired May 2010, to Rakuten.com Shopping.

Between now and January 30, merchants and consumers will still be able to go to Buy.com to access Rakuten’s U.S. subsidiary. Starting January 31, however, the site url will change to Rakuten.com. Anyone going to Buy.com will be redirected to the new url.

January 2, 2013

Amazon touts holiday season growth

Amazon contends that 2012 was a record-breaking holiday season for businesses selling on its popular online Webstore platform.

SEATTLE — Amazon contends that 2012 was a record-breaking holiday season for businesses selling on its popular online Webstore platform.

Amazon reports that more than two million third-party sellers worldwide experienced record holiday growth, and unit growth solely from sellers in the U.S. increased more than 40% year-over-year. For the year, sellers on Amazon sold hundreds of millions of units worth tens of billions of dollars worldwide, according to the company, which did not provide an actual sales figure.

November 27, 2012

Amazon kindles the holiday fire

It’s no surprise that on the heels of record-breaking Cyber Monday sales, heavyweight Amazon reported record sales of its popular Kindle devices.

SEATTLE — It’s no surprise that on the heels of record-breaking Cyber Monday sales, heavyweight Amazon reported record sales of its popular Kindle devices.

Cyber Monday 2012 proved to be the biggest day ever for Kindle sales worldwide, cementing the top four spots for Kindle e-readers and Kindle fires on Amazon’s worldwide bestsellers list. The Kindle devices have held the top four spots since their launch nearly three months ago.

To celebrate Cyber Monday, Amazon.com offered the Kindle Fire for $129.

April 2, 2012

Former ad man to head marketing at Target

Target has brought in someone with both advertising and retail experience to oversee its marketing efforts.

MINNEAPOLIS — Target has brought in someone with both advertising and retail experience to oversee its marketing efforts. The company announced that Jeffrey Jones, II has been named as the company’s EVP and chief marketing officer, effective immediately.