Alistair's Feed
Mar 8, 2013

Last call for Neiman Marcus’s eBay store

SAN FRANCISCO, March 8 (Reuters) – Luxury department store
operator Neiman Marcus is shutting its eBay Inc
store, a setback for the e-commerce company, which has
been trying to lure large retailers to its online marketplace.

Neiman launched a store on eBay.com in 2011 for its Last
Call outlet brand. It was one of a slew of large retailers that
eBay has attracted to its online marketplace in recent years, an
important part of the e-commerce company’s effort to compete
more with Amazon.com Inc. [ID: L2E8J7HR0]

Mar 6, 2013

Google tests same-day delivery, raising marketplace speculation

SAN FRANCISCO (Reuters) – Google Inc began testing a same-day delivery service with retailers in recent weeks, the latest move into Amazon.com Inc’s e-commerce turf by the world’s largest Internet search company.

Google Shopping Express helps local retail stores sell products online and have the items delivered to shoppers the same day, according to a person familiar with the test.

Mar 5, 2013

tailers embrace same-day delivery, but U.S. shoppers shrug -survey

March 5 (Reuters) – Same-day delivery, one of the hottest
e-commerce trends, is too expensive for most U.S. consumers,
raising the risk that this turns into another online shopping
fad that goes cold, according to a survey released on Tuesday.

The Boston Consulting Group recently asked 1,500 U.S.
consumers what would get them to shop more online and only 9
percent cited same-day delivery. Almost three quarters said free
delivery would do the trick, while half of the respondents said
lower prices.

Mar 3, 2013

A trimmer, sharper Groupon seen in the post-Mason era

SAN FRANCISCO, March 3 (Reuters) – Groupon Inc
under a new chief executive should look a lot trimmer with a
sharply reduced international arm, a more focused business – and
minus its large and once internally celebrated editorial staff,
analysts and investors say.

The exit of co-founder and CEO Andrew Mason – fired after
another disappointing set of quarterly results slashed Groupon’s
market value by a quarter – may usher in a new, more “serious”
era marked more by careful, painful decisions rather than
reckless geographical and market expansion.

Mar 3, 2013

Analysis: A trimmer, sharper Groupon seen in the post-Mason era

SAN FRANCISCO (Reuters) – Groupon Inc under a new chief executive should look a lot trimmer with a sharply reduced international arm, a more focused business – and minus its large and once internally celebrated editorial staff, analysts and investors say.

The exit of co-founder and CEO Andrew Mason – fired after another disappointing set of quarterly results slashed Groupon’s market value by a quarter – may usher in a new, more “serious” era marked more by careful, painful decisions rather than reckless geographical and market expansion.

Mar 3, 2013

What’s on Amazon: The e-tailer’s quest to make TV hits

March 3 (Reuters) – A new show called “Alpha House,” whose
pilot filmed in New York late last month, has many of the
ingredients necessary for television success.

John Goodman, coming off notable roles in Oscar-winning
movies “Argo” and “The Artist,” is the star. Bill Murray did a
cameo. Stephen Colbert shot a teaser for the next episode of the
series, which is written by “Doonesbury” cartoonist Garry
Trudeau.

Mar 1, 2013

Groupon fires CEO, Mason admits “failure” in candid memo

SAN FRANCISCO, Feb 28 (Reuters) – Groupon Inc fired
Andrew Mason as chief executive officer on Thursday, ousting a
co-founder who captured headlines with his quirky style but
failed to reverse a crumbling share price or stop a gradual
erosion of its main daily deals business.

The leader in Internet daily deals launched a search for a
new leader to turn the company around, the same day its stock
slid 24 percent after a dismal quarterly results report.

Feb 28, 2013

Groupon replaces CEO Andrew Mason, looks for new chief

SAN FRANCISCO (Reuters) – Groupon Inc replaced Andrew Mason as chief executive officer on Thursday, a day after posting dismal quarterly results, and appointed co-founder Eric Lefkofsky and board member Ted Leonsis as interim chief executives.

The daily deals company said on Thursday it has begun a search for a new CEO to lead the company, which is battling a crumbling share price, an ailing European business and cooling demand for the Internet coupons it specializes in.

Feb 28, 2013

Groupon shares crumple after dismal outlook, take-rate cut

SAN FRANCISCO (Reuters) – Groupon Inc lost a quarter of its market value on Wednesday after the company revealed it began to take a smaller cut of revenue on daily deals during the holidays, sacrificing revenue and profits to attract and keep merchants.

The cut in its “take rate”, which some analysts had said was needed to revive flagging interest among merchants in its Internet offers, was a blow to fourth-quarter results. And a sharper-than-expected post-holiday slowdown in its new e-commerce business contributed to a disappointing first-quarter sales forecast.

Feb 27, 2013

Groupon shares dive 24 percent on “underwhelming” forecast

SAN FRANCISCO (Reuters) – Groupon Inc lost almost a quarter of its market value on Wednesday after the company began to take a smaller cut of revenue on daily deals, sacrificing revenue and profits to attract and keep merchants.

“This raises questions about how these guys are going to be able to scale the business,” said Tom White, an analyst at Macquarie. “The forecast is underwhelming.”