ECommerce News

eBay invests big in Indian ecommerce outfit Snapdeal (MemeBurn)
“eBay has inked a partnership with Indian ecommerce outfit Snapdeal that will see it lead a US$50-million investment in the three-year-old online retailer.

According to the Wall Street Journal, the funding round values Snapdeal at US$250-million and is believed to include participation from the likes of Intel Corp.’s Intel Capital, Nexus Venture Partners and other companies.”

Watch Out Amazon, Japan’s Rakuten Buys E-Commerce Fulfillment Company Webgistix To Expand Further In The US (TechCrunch)
“Japanese ecommercce giant Rakuten is making a acquisition of a US-based company today-Webgistix, a logistics and services company specializing in fulfillment technology for e-commerce retailers. The acquisition is Rakuten’s second logistics investment outside of Japan. Financial terms of the deal are not being disclosed at the time.

Founded in 2001, Webgistix allows e-commerce companies to manage their supply chains with software for order fulfillment, freight management, and shipment optimization. The company also owns a strategic network of company-operated fulfillment centers, which enable merchants to reach 98 percent of e-commerce customers in the U.S. within 1-2 business days via ground delivery. Essentially, Webgistix is Rakuten’s answer to Amazon Prime in the U.S. Wibgistix, which is profitable, took one round of an undisclosed amount of outside funding.”

Primark uses ASOS to test the ecommerce waters (Econsultancy)
“A month ago, I wrote a post questioniong whether Primark was mad to ignore ecommerce, after it had said it had no plans to sell online. Strangely, for a post and discussion on an internet marketing blog, the general consensus was that Primark’s offline only strategy was a good idea for such a low margin retailer. Yesterday however, Primark started selling a limited range of clothes via ASOS. So is this a good idea? Earlier this year, George Weston, chief executive of Primark’s parent company, Associated British Foods, seemed to rule out any prospect of Primark selling online. This came together with some very impressive results. All the more so in such difficult times for retail. Sales were up 24% and profits up 56%.”

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