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Traditional retailers Wal-Mart Corp. (NYSE: WMT) and Target (NYSE: TGT), which have beefed up their Web sites ahead of the holiday shopping season, are still not likely to pose a "significant threat" to pure-play e-tailers this year, according to a report issued Thursday by Goldman Sachs analyst Anthony Noto Wal-Mart, Target and Kmart Corp.'s Bluel...
Why they held it back so long is a mystery, but finally, Barnesandnoble.com and Barnes & Noble, Inc. have brought out the secret artillery they've had since this whole Internet thing began The online bookseller and its offline affiliate have decided to mesh their operations completely, becoming a formidable force in what has arguably become the big...
Mortgage.com (Nasdaq: MDCM), a provider of e-commerce services to online mortgage lenders, announced Tuesday that it has laid off 518 of its 618 employees and is beginning "the orderly wind-down" of its operations The company said it will sell its pipeline of mortgage loans in process, its Florida call center, the rights to www.mortgage.com and its...
Hoping to crack the lucrative Asian e-commerce market, Amazon.com launched a Japanese-language site Wednesday focused on its core business of selling books The Seattle, Washington-based e-tail giant said Japan already represents Amazon's largest export market, with nearly 200,000 Japanese customers ordering $34 million (US$) in products each year f...
Auction fraud has the dubious honor of being the No. 1 online scam, the U.S. Federal Trade Commission (FTC) said Tuesday Rounding out the "Top Ten Dot Cons" are: Internet service provider (ISP) scams, Web site design scams, Net porn credit card fraud, multi-level marketing schemes, business opportunities and work-at-home cons, fraudulent investment...
While a report released Monday by the Boston Consulting Group (BCG) predicts that revenue from business-to-business (B2B) e-marketplaces will approach $9 billion (US$) in 2005, the research firm suggests that the greatest benefits of B2B exchanges lie in increased productivity, not in the revenues they generate BCG predicts that by 2004, B2B e-comm...
Online superstore Buy.com and eBay-owned Half.com announced Monday the creation of a joint marketplace that will sell used CDs, videos and DVDs from both companies The co-branded site, dubbed the "Entertainment Marketplace," is slated to launch during the first quarter of next year. The cooperative venture will integrate Half.com's used and new ent...
Barnesandnoble.com (Nasdaq: BNBN) met analysts' expectations for earnings on Monday and said recent investments have positioned the online bookseller for a record-breaking holiday season The company said sales grew 58 percent over the year-earlier period to $74.1 million (US$) from $47 million in 1999. Still, B&N.com lost $36.9 million, or 25 cents...
The marketing ploy for those new wireless location tracking devices we've heard so much about might go something like this: "Say, Mr. Consumer, let's say you're walking down the street in a strange part of the city and you happen to pass by Ray's Pizzeria, one of many such fine eating establishments in the world. Your head is lost in a swirl of led...
eToys, Inc. (Nasdaq: ETYS) blew past analysts' estimates for the second quarter ended September 30th, and said it expects losses to begin narrowing in future quarters as it aims to break even in fiscal 2002 The loss before charges for the quarter totaled $41.8 million (US$), or 33 cents per share, 2 cents better than analysts had expected for the L...
Even though more Americans than ever before will be buying online this holiday season, a new report from International Data Corporation (IDC) predicts that many U.S. e-tailers will experience million dollar losses The Framingham, Massachusetts-based research firm says the big winners this year will be companies that provide services and logistics t...
The typical Internet user might not be as young as one might think, according to a report released Monday by Gartner Group The average American who logs on is 41 years old with an average income of $65,000 (US$), married with 2.81 children and uses a PC at work. Gartner found that men and women are represented equally on the Web.
Primedia, Inc. (NYSE: PRM), the New York City-based publisher of such magazines as "Seventeen" and "Modern Bride," has announced it will buy Internet portal About.com (Nasdaq: BOUT) for approximately $690 million (US$) in stock About.com operates targeted Web sites, while Primedia publishes magazines aimed at such niche markets as teenagers, new pa...
AltaVista won its bid to have an international cybersquatter evicted from 43 domain names Monday after a United Nations panel ruled in favor of the embattled Web portal The World Intellectual Property Organization (WIPO), based in Geneva, Switzerland, found in favor of AltaVista two months after issuing a similar ruling on behalf of Yahoo!, which f...
Internet superstore Amazon (Nasdaq: AMZN) and Fox Television are partnering to create a two-hour television special, "The Ultimate Auction," for broadcast in December. The auction will be managed by Amazon's live auction site LiveBid Among the items set to be auctioned are an autographed, handwritten copy of Clement Moore's 177 year-old poem, "A Vi...
Despite an expected 300 percent spending increase on information technology security over the next four years, bad decision-making will leave U.S. companies almost as vulnerable to security breaches as they are today, according to a new report issued by Forrester Research The report, titled "Sizing the Security Market," estimates that firms will in...
Although part of the recent spike in reports of identity theft can be attributed to the Internet, offline methods of stealing personal data still provide a more significant information stream for criminals, according to National Fraud Center chairman of the board Norm Willox Speaking before identity theft workshops assembled by the U.S. Federal Tra...
E-commerce means different things to different people, whether it's a household name like Amazon or an obscure business-to-business hub where chemicals are sold But for everyone, e-commerce should represent a sector with the potential to generate long-term economic growth. The rapid pace of technological change all but ensures that e-commerce in it...
While ChurchPlaza started offline and moved to the Web, the WorldWide JudaicaStore began as a pure-play and looks toward a brick-and-click future. The site launched in 1998 "to fulfill the ever-growing demand for Judaica in Jewish communities that do not have access to a local Judaica store," the company said.
Religion may rival sex and politics as a taboo subject for dinner table conversations, but mentioning money and religion in the same breath can cause even more squirming. Nevertheless, the relationship between church and cash is an inescapable issue for both the tiny house of worship that survives on the offerings of its congregation and the non-d...
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