So two e-commerce experts, Get Elastic‘s Linda Bustos and 8thBridge‘s Wade Gerten, have weighed in on the news and ensuing debate that a number of brands including JC Penney, Gamestop, Nordstrom and GAP are shutting up shop on Facebook. Linda Bustos, the industry’s insightful and incisive queen of e-commerce, says it’s hardly surprising that e-commerce apps on Facebook have faltered: most are entirely [...]
Last week, an article on financial news site Bloomberg.com took a derogatory tone when it reported on the future of f-commerce. Its case was built based on the number of companies that had closed the doors on their Facebook stores – Gamestop, J.C. Penney, Nordstrom, Gap and others. Adding fuel to its fire, the article [...]
I hate articles that begin with some reference to “living under a rock.” That was the case with an AdAge piece talking about Pinterest, the online bulletin board where users can “pin” photos and graphics of things they are interested in. Pinterest lets you organize and share all the beautiful things you find on the [...]
US department store chain Nordstrom is to acquire LA-based social commerce platform HauteLook ($100m+ 2010 sales, 4m members) for $270m ($180m stock + $90m earn-out incentive stock) in a similar move to Comcast’s purchase of DailyCandy (Swirl) for $125m. We think it’s a smart move, and one that other brands, media companies and retailers will emulate as [...]
If anyone thought that the flirtation between Groupon and national retail chains (Gap, The Body Shop) was but a temporary tryst, two new deals point to a more enduring romance, as the group-buy social commerce platform evolves to remain competitive with Facebook Place Deals. Yesterday, fashion retailer American Apparel began a three-day Groupon deal, with just 100 shoppers [...]
