Omnichannel is the ‘new reality’ for retailers
Stores magazine’s annual list of the U.S.’s largest retailers shows that the chains that are faring best are those that have learned to connect with customers both online and off.
Alibaba backs down in the US market
The Chinese e-commerce company is selling its first U.S.-based e-commerce site, 11 Main, because the site hasn’t gained traction here and faces too much competition, reports state.
Overstock selling 1M pieces of jewelry for $1.3M
The online retailer is looking for a buyer for a lot of jewelry from its liquidation of Bidz.com, pricing each piece at about $1 each and asking for $1.3 million for the whole thing.
Is Amazon looking to take on Etsy?
Two online postings suggest the online retail giant is establishing a handmade marketplace to rival Etsy, which has seen its stock drop since going public in March.
Nordstrom introduces shopping via text
Salespeople or stylists now can send customers messages about a product they might like and all they have to do is text back “BUY” to purchase it.
Blue Nile store to open in New York mall
The online retailer revealed a bit more about its plans to open a store where consumers can try on--but not buy--jewelry during the company’s earnings call Friday morning.
Amazon relaunches B-to-B marketplace
The online retailer will close Amazon Supply next month and redirect customers to its new business-to-business wholesale site, Amazon Business.
Net-a-Porter merges with Italian e-tailer
Richemont announced Tuesday that it will merge its online-only luxury marketplace Net-a-Porter, which sells fine jewelry along with clothes and accessories, with Yoox.
Blue Nile eyes Indian market
The e-tailer has signed a deal with Indian manufacturer PC Jeweller, establishing a partnership that will help Blue Nile evaluate jewelry demand in India.
Knoxville, TN reclaims its romantic lead
How about a little love just before Valentine’s Day? Here’s Amazon’s annual list of America’s most romantic cities, based on residents’ purchases of romance-related paraphernalia.
Online holiday spending increases as expected
U.S. retail e-commerce spending from desktop computers in November and December increased 15 percent year-over-year, which is very close to the 14 percent sales growth comScore forecast.
Online spending to reach $61B this holiday season
Though Comscore Inc. is predicting double-digit gains for
online spending this holiday, the digital metrics firm notes that wage
stagnation and lack of discretionary income among the middle class could
weigh on the season.
Overstock buys Bidz.com’s inventory
Overstock has acquired the entire inventory of foreclosed jewelry auction site Bidz.com, which will serve to be the center of the company’s new Jewelry Liquidation Vault.
Blue Nile app lets shoppers virtually try on rings
Online jeweler Blue Nile has launched a new mobile shopping application that includes the addition of augmented reality to its “Dream Box” feature, allowing consumers to see what a Blue Nile ring will look like on their hand.
Retailer asks customers to record their ‘Ideal’ love
Kay Jewelers and Tolkowsky, the creator of the Ideal Cut diamond, are hosting a video contest that will afford one grand-prize winner a proposal package that includes a European trip and engagement ring.
Study: Stores now using social channels more for ads
Department stores’ strategies on social media are shifting from a focus on community growth to leveraging the networks for more traditional marketing methods, a recent report from think tank L2 shows.
Macy’s boosts omnichannel shopping strategy
In a move that underscores the increasing importance of omnichannel shopping, Macy’s announced Monday a number of new developments to attract and service customers both in store and online.
Five features consumers look for in a mobile site
Tiffany & Co. is at the top of the game when it comes to reaching its customers on their smartphones, a new study shows, due in part to the retailer’s inclusion of five key elements on the mobile version of its website.
Jewelry chain to launch revamped website
Aiming to make shopping easier and more enjoyable for their customers, Rogers Enterprises, which owns two branded jewelry store chains, will be launching a custom-designed website with improved navigation and functionality.
New Blue Nile site focuses on the UAE
In an ongoing attempt to grow outside of the U.S., Blue Nile has launched an Arabic language version of its website, allowing consumers in the United Arab Emirates to shop in their native language.
Etsy pushes wholesale business out of test mode
Aiming to get its products in more stores across the country, Etsy, the popular marketplace for handmade goods, officially has launched its wholesale division to allow retailers access to products from smaller designers.
Study: Retailers’ omnichannel strategies lag
E-commerce sales growth at The Home Depot, Costco, Macy’s and Walmart surpassed the growth rate at Amazon.com in the first quarter due to continued investment in omnichannel retail, showing the importance of brick-and-mortar retailers streamlining sales across all channels, a recent report by think tank L2 shows.
Jewelry e-commerce site BaubleBar raises $10M
Online fashion jewelry retailer BaubleBar has raised $10 million in a Series B financing round led by Burch Creative Capital, which is headed by retail and fashion veteran Christopher Burch.
LVMH, eBay reach settlement over fake goods
LVMH and eBay announced Thursday that they have come to an agreement in their long-running court battle over the sale of counterfeit goods on the online auction site.
Target hires new CIO, announces security updates
In the wake of its massive data breach, Target Corp. announced Tuesday the hiring of a new chief information officer, Bob DeRodes, who has served as an advisor to both the U.S. Department of Homeland Security and the Justice Department.
Amazon now has store dedicated to wearable tech
Amazon.com Inc. announced Tuesday that an entire section of its website is now dedicated to wearable technology, allowing consumers to browse the latest gadgets and research devices, including smartwatches.
Groupon makes a commitment to the wedding market
Marketing to consumers who are tying the knot, Groupon launched the “Wedding Shop” Monday, which sells engagement rings, wedding-day jewelry and other baubles associated with the big day at steeply discounted prices.
Gemvara: What we learned from our pop-up shop
Online retailer Gemvara has decided not to open a permanent brick-and-mortar location after a temporary store designed to test the brand’s brick-and-mortar appeal didn’t attract many customers.
Fabergé installs ‘digital mirror’ at Harrods
Fabergé has teamed with street style icon Miroslava Duma to launch a “digital mirror” at its nearly month-long in-store Easter promotion at Harrods department store in London.
Michael Hill now selling jewelry online
Retail chain Michael Hill International has launched four new
interactive e-commerce sites in Australia, Canada, New Zealand and the
United States to support the brand’s expansion across major markets.
Blue Nile now displaying its rings in a store
Nordstrom is showcasing Blue Nile engagement rings and wedding bands at its flagship location in downtown Seattle, marking the first time the e-tailer’s pieces have been shown in a brick-and-mortar store.
Kohl’s takes integrated approach to Black Friday
Kohl’s Department Stores is teaming up with Jennifer Lopez, one of its collection designers, to launch an on-air and online Black Friday campaign that will include a preview of the singer’s new branded line of fine jewelry.
Consumers can ‘shop it’ wherever with Macy’s app
Macy’s will give mobile shoppers a hand this holiday season when it introduces an application that will allow users to request information on and purchase items from Macy’s Star Gifts wherever they may see them: on a billboard or in a magazine or catalog.
Kohls.com now selling moissanite
Off-price department store chain Kohl’s has partnered with Charles & Colvard to sell the company’s Forever Brilliant line of moissanite jewelry on its website.
Web Roundup: Tiffany & Co. launches new website
Tiffany & Co. has redesigned website, turning it into a “personal invitation” for visitors to shop or learn about the company and its jewelry and also presenting Tiffany as a founder of American luxury.
Brands win injunction in cyber counterfeiting case
Six brands under the Richemont Group umbrella recently scored a victory
in what their attorney is calling a “landmark” case in the ongoing
battle against an online sale of counterfeit luxury goods.
Saks Fifth Avenue takes Off 5th online
Saks Inc.’s Off 5th chain of department stores launched an e-commerce
site Monday, making the company’s deeply discounted merchandise
available to consumers around the clock.