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Amazon to expand little-known grocery delivery service this week

Amazon to expand little-known grocery delivery service this week
  • Posted June 5, 2013, 7:00 AM by Shawn Knight | Filed in The Web
  • Amazon is reportedly preparing to expand their grocery delivery service following years of quiet testing in Seattle. Two people familiar with the situation said the e-commerce site could launch AmazonFresh in Los Angeles as early as this week and hit…

Newegg defeats patent troll who claims it invented the shopping cart

Newegg defeats patent troll who claims it invented the shopping cart
  • Posted January 28, 2013, 3:30 PM by Rick Burgess | Filed in Industry News, The Web
  • Presenting CompuServe's ancient online "mall" as an example of Precambian prior art, Newegg successfully defeated Soverain Software's supposed patent claim to what is essentially the modern day shopping cart. If Soverain had won the verdict, there's a good chance nearly…

Online holiday spending projected to hit $43.4 billion this year

Online holiday spending projected to hit $43.4 billion this year
  • Posted November 21, 2012, 3:00 PM by Shawn Knight | Filed in Industry News
  • A new report out today from ComScore estimates that shoppers will spend approximately $43.4 billion on web-based purchases during November and December. If it holds true, it’ll mean that online spending will have increased by 17 percent over last year.

PayPal inks deal with Discover to further expand US retail presence

PayPal inks deal with Discover to further expand US retail presence
  • Posted August 23, 2012, 9:00 AM by Shawn Knight | Filed in Industry News
  • PayPal is expanding their presence in the retail sector thanks to a new deal stuck with Discover. The partnership will be the second with a major financial institution as the e-commerce business already has a deal where users can access…

Best Buy to close 50 big-box stores, sets 'transformation' plan

Best Buy to close 50 big-box stores, sets
  • Posted March 29, 2012, 1:30 PM by Jose Vilches | Filed in Industry News
  • Best Buy has announced plans to close 50 "big box" stores this year and eliminate 400 jobs as part of a new transformation strategy to improve operating performance. The giant consumer electronics retailer has seen sales erode as an increasing number of customers...

Weekend tech reading: A profile of Amazon founder Jeff Bezos

Weekend tech reading: A profile of Amazon founder Jeff Bezos
  • Posted March 11, 2012, 3:40 PM by Matthew DeCarlo | Filed in NATW
  • Inside a remote mountain in Texas, a gargantuan clock is being pieced together, capable of telling the time for the next 10,000 years. Once the clock is finished, people willing to make the difficult trek will be able to visit the vast chamber housing it, along with displays marking...

E-commerce spending reached a record $161.5 billion in 2011

E-commerce spending reached a record $161.5 billion in 2011
  • Posted February 7, 2012, 1:30 PM by Shawn Knight | Filed in Industry News
  • E-commerce spending for 2011 reached a record high $161.5 billion which was good for a 13 percent increase from 2010. Nearly a third of the yearly total was spent in the fourth quarter alone, according to the latest report from research firm comScore.

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