eBay Buys Where, Best Buy Video Games, Weis Facebook Coupons
eBay will purchase Where Inc., a company that makes location software for smartphones, according to
the Boston Globe.
Where’s software, which helps mobile phone users find retail business such as shops and restaurants, will allow eBay’s PayPal online payments division to extend and enhance its services to merchants, the company said.
- New desks, expanded selections and staff specifically hired for the job of selling video games are set to be injected into Best Buy stores across the country in the coming months.
E-commerce & Multichannel Retailing
- Weis Markets’ official Facebook page is celebrating its 10,000th fan with exclusive coupon offers.
- UK retailer Tesco has acquired a majority stake in video-on-demand business blinkbox just days a day after it pledged to revamp its products and become more innovative.
- Columbia Sportswear plans to expand its e-commerce operations to Canada and up to eight key markets across Europe in fall 2011.
Store Openings & Closings
- Office Depot will close its nine remaining Canadian stores by the middle of June 2011, but continue to serve Canadian customers via e-commerce.
- Jamba Juice Company and Venus Williams have signed a non-binding letter of intent to form a joint venture to develop up to five Jamba Juice stores in the Washington D.C./Maryland marketplace during the next two years.
- Toys R Us, Inc. plans to open a 300,000-square-foot e-commerce distribution center at the Storey County industrial park in Reno, NV by July 2011 to help expand the company's West Coast reach.
Promotions & Appointments
- Stephen Sunnucks, previously president of Gap’s European division, will now head the group’s entire international operation, which is being combined into a single division, run out of London.
Stats & Research
- During the past twelve months, 20% of all US credit cardholders reported shopping for a new card, according to comScore data.
- The Deloitte Consumer Spending Index tumbled to 3.62% in March 2011 from nearly 4.1% in the prior month.
- U.S. pet industry sales will reach $58 billion in 2011, with steady growth bringing the market to more than $74 billion in 2015, according to Packaged Facts.