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Further solidifying its international foothold in the online auction market, Internet giant eBay announced Thursday that it has launched new Web sites in Ireland, New Zealand and Switzerland According to the San Jose, California-based company, the expansions will enable it to penetrate regional markets with aminimal investment in technology....
PlanetRx.com said Thursday that its board of directors approved a plan to liquidate all of thee-tailer's assets, in an attempt to regain some cash for its shareholders Holders of PlanetRx stock will vote on the plan -- which marks the abandonment of previous intentions to enter the US$14 billion a year specialty drugmarket -- at a company meeting s...
Blue Martini Software (Nasdaq: BLUE) dropped 38 U.S. cents to $2.19 in morning trading Friday, after lowering its outlook for the first quarter ending March 31st and announcing plans to cut jobs "The economic slowdown and the uncertain business climate in the industrieswe target has resulted in the closure of fewer licensing contracts during thequa...
Consumers spent US$3.4 billion online in February -- 13.3 percent more than the $3 billion spent online in January -- according to numbers released Thursday by the National Retail Federation (NRF) and Forrester Research "In light of the economic slowdown, we are pleased to see that the Internet continues to thrive as a consumer shopping channel," F...
When the Andersen professional services firm recently surveyed e-commerce customers, nearly half said that e-tailers who also sell from a physical location provide better customer service. More than three-quarters of respondents said they have had both online and offline contact with e-tailers These findings are a reminder of how much the e-commerc...
Here's a twist: shareholders complaining that a dot-com is being over-valued. That's right. Over-valued. In 2001. After the Nasdaq debacle and the shakeout and all the rest. The complaints being lodged at office supplies retailer Staples over its dot-com division have already spawned lawsuits and seem to be leading to a nasty battle erupting at th...
A report released Wednesday by a Massachusetts Institute of Technology (MIT) economics professor denounces Orbitz, the controversial Internet travel site set to open this summer, predicting that it will become a "market power ringmaster" that will force U.S. consumers to pay US$183 million more annually for airfare MIT professor Jerry Hausman said ...
Did you ever wonder where old comedians go when their schtick no longer draws crowds? If you think Jonathan Winters, Milton Berle, Phyllis Diller, George Carlin and Rich Little have simply vanished, then it may be worth a trip to Laugh.com. The new comedy content and e-commerce site is the brainchild of George Carlin, arguably one of the most inno...
The number of dot-com job losses fell for the second month in a row, dropping 18 percent in March, according to a report released Tuesday by the job placement firm of Challenger, Gray & Christmas (CGC) From July through January, tech job cuts rose steadily, peaking at 12,828, CGC said. In March, however, 9,533 Internet jobs disappeared, following F...
A pressing question for e-tailers this year is whether consumer apprehension about the overall economy is going to cause a drop in online spending. So far, Internet purchasing levels have increased steadily year after year. But with consumer confidence hovering near a low, could 2001 be the year that Web shopping falls off the map? ...
Internet shopping network Bigsmart.com has agreed to settle U.S. Federal Trade Commission (FTC) charges that its e-commerce marketplace operates as an illegal pyramid scheme. The settlement calls for the company to pay US$5 million in consumer redress Under the agreement, Bigsmart.com will also have to post a $500,000 performance bond beforeunderta...
Pundits, powerhouses and assorted talking heads were already predicting the demise of retail e-commerce before the current economic downturn. Now, with the conventional wisdom suggesting more doom and gloom, the word on the street -- yes, that Street -- is that e-commerce was great fun, but it was just one of those passing fads Not so fast. It's in...
Handspring (Nasdaq: HAND) fell US$4.31 to $11.85 in morning trading Wednesday after rival handheld computer makerPalm (Nasdaq: PALM) issued a gloomy outlook for the current quarter, sayinga deteriorating economy has led to lower orders The drop came even as Handspring reaffirmed its financial targets for the fiscal year ending June 30th....
Nortel Networks (NYSE: NT) dropped US$2.27 to $14.49 in morning trading Wednesday after the telecom company announced a second set of layoffs and again reduced expectations for first-quarter results Analysts at Lehman Brothers and First Union Securities lowered their estimates for Nortel to reflect the company's latest revised expectations....
ADC Telecommunications fell US$1.50 to $9.06 inmorning trading Wednesday after lowering its expectations for second-quarterresults and announcing plans to cut 3,000 to 4,000 workers ADC, a Minneapolis, Minnesota-based provider of fiber optics, networkequipment and software to broadband networks, said an "extremely challengingeconomic environment an...
Looking to give their small business e-commerce services a boost, America Online (NYSE: AOL) and PurchasePro (Nasdaq: PPRO) unveiled 10 new services Wednesday through a host of strategic partners. The deals, aimed at beefing up the offerings that AOL extends to small and medium businesses through its Netscape Netbusiness division, include alliance...
Not a day goes by without yet another report of massive high-tech layoffs and lowered financial expectations -- not to mention the economic slowdown, stock prices in steep decline and the ongoing series of dot-com closures. But underneath most radar screens, a group of e-commerce sites are getting ahead in the New Economy. These e-businesses are n...
Pure plays that have already achieved significant scale, and niche players that have already built loyal customer bases, are likely to achieve success in the next stage of e-commerce evolution, according to a report released Mondayby The Boston ConsultingGroup However, the report also said that the greatest e-business opportunity belongs to traditi...
Call it the spillover effect. That's what happens when lame customer service online starts to impact how shoppers feel about a retailer's brick-and-mortar stores. Spillover effect might be the best reason ever for retailers to do a better job answering questions and resolving complaints online.
Hours after saying it had made an offer for the assets of bankrupt e-tailer eToys, children's book publisher Scholastic (Nasdaq: SCHL) announced late Monday that it would not submit a bid after all The company said that it "concluded that the acquisition of selected eToys assets did not meet Scholastic's threshold for accelerating or reducing the c...
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