Newegg to file for IPO
Newegg is one of the most loved online retailing services in the USA.
The company is currently backed by venture capitalists.
They are now planning to raise up to $175 million in an initial public offering.
This was revealed in a filing with the US regulatory bodies.
The company claimed in the filing that they [...]
Microsoft to open owned stores
Apple has had a successful run with their own retail stores.
Now, Microsoft is going to copy that idea by opening their own branded retail stores.
The company has hired David Porter, a former DreamWorks executive for this new initiative.
Porter has been named Microsoft’s new vice president of retail [...]
Brad Anderson to step down as CEO of Best Buy
US based retailing giant Best Buy has announced that their current CEO Brad Anderson would retire from his position in June this year.
He would be succeeded by Chief Operating Officer Brian Dunn.
Best Buy said that this was just part of their succession plan.
Market [...]
Apple selling refurbished products online in China
Apple has announced the launch of an online store in China which is selling refurbished products in this market.
The company said that this is part of their aim to become a bigger player in this market which is full of smuggled and counterfeit Apple products.
The store is offering discounts [...]
Amazon launched Windowshop.com in September
Amazon.com recently launched a new website for shopping Windowshop.com.
They are now updating the website with products and other offerings.
The site is different from the Amazon.com version as it tries to showcase products through visual elements.
The site currently has on offer limited products from segments including music, [...]
Amazon.com offering environment friendly packaging
Amazon.com is doing their bit for the environment this holiday season.
The online retailing giant has announced that they are now working with manufacturers to ensure that the packaging of the products is more environment friendly.
They are also working on making sure that the packaging is user friendly and is easy to [...]
Amazon to launch special edition of Kindle for students
Online retailing giant Amazon has stated that they are all set to launch a new edition of their Kindle eBook reader which would be aimed at students.
Experts believe that the new edition would feature a larger screen to make it more suitable for electronic versions of text [...]
Amazon improves position in music retail market in USA
Apple iTunes continues to remain the largest music seller in the US market.
Amazon has managed to climb one position to number 4 with some help from their own online media store Amazon MP3.
Wal-Mart is at the second spot and the retailing giant has failed to take back [...]
Gateway to stop selling PCs through website
Gateway has announced that they are now going to stop selling their PC products through their website.
The company would instead focus on selling through retail stores and partners.
The decision to stop selling PCs online is related to cutting costs in their internal operations.
This would also match the operations [...]
Fabric.com acquired by Amazon.com
Online retailing giant Amazon has announced that they have now acquired online fabric store Fabric.com.
This acquisition would help the company to expand their offering in the craft and hobby segment.
The two companies did not disclose the financial aspects of this deal.
Chris Nielsen, VP of Amazon’s home & garden store spoke about this [...]
