SAN FRANCISCO, Dec 6 (Reuters) – Gilt Groupe said on
Thursday it hired board member and Citigroup Inc Internet
executive Michelle Peluso as chief executive as the e-commerce
company prepares for a possible initial public offering next
Peluso will replace Gilt founder and current CEO Kevin Ryan
in late February. Ryan will become chairman of Gilt and the
company’s current chairman Susan Lyne will be vice chairman, the
SAN FRANCISCO (Reuters) – Noted short seller David Scially of Kingsford Capital Management LLC is retiring at the end of this year, after more than a decade running the investment firm with partner Mike Wilkins, according to two people familiar with the situation.
Scially decided to leave to spend more time with his family, after taking a break this summer to consider his plans, one of the sources said.
SAN FRANCISCO, Nov 29 (Reuters) – Andrew Mason will remain
CEO of Groupon Inc, a company spokesman said on
Thursday after the board of directors decided to retain the
company co-founder as head of the struggling online marketer of
Shares of Groupon, which fetched $20 in its Wall Street
debut last year, slid almost 4 percent to $4.36 in after-hours
trade. The stock had jumped a day earlier, when Mason said he
would fire himself if the board decided on that step at its
regular Thursday meeting.
LAS VEGAS, Nov 28 (Reuters) – Amazon.com Inc’s
cloud computing division is going after big corporate customers,
a new focus that will put the fast-growing unit into direct
competition with some of the world’s largest technology
Andy Jassy, head of Amazon Web Services or AWS, criticized
the hefty profit margins of what he called “old guard” tech
companies on Wednesday and unveiled a new data warehousing
service that he said will cost about a tenth of existing
(Reuters) – Internet sales jumped more than 30 percent on Cyber Monday, making it the biggest online shopping day ever, according to data released on Tuesday.
Monday was also a record day for sales of Amazon.com Inc’s Kindle devices, the online retailer said, without specifying the number sold.
SAN FRANCISCO (Reuters) – Cyber Monday’s online sales got off to a brisk start, sending e-commerce retailers’ shares higher and suggesting strong growth from earlier in the holiday shopping season would continue through December.
Sales on eBay Inc’s online marketplace were particularly strong and Amazon.com Inc continued its rapid holiday shopping season growth, according to early Cyber Monday data released by e-commerce firm ChannelAdvisor.
SAN FRANCISCO (Reuters) – Black Friday retail sales online this year topped $1 billion for the first time ever as more consumers used the Internet do their early holiday shopping, comScore Inc said on Sunday.
Online sales jumped 26 percent on Black Friday to $1.04 billion from sales of $816 million on the corresponding day last year, according to comScore data.
SAN FRANCISCO, Nov 25 (Reuters) – Black Friday retail sales
online topped $1 billion for the first time this year as more
consumers used the Internet do their holiday shopping, comScore
Inc said on Sunday.
Online sales jumped at least 22 percent on Black Friday,
from sales of $816 million on the same day last year, according
to comScore data.
SAN FRANCISCO (Reuters) – Black Friday retail sales online topped $1 billion for the first time this year as more consumers used the Internet do their holiday shopping, comScore Inc said on Sunday.
Online sales jumped at least 22 percent on Black Friday, from sales of $816 million on the same day last year, according to comScore data.
CHICAGO/SAN FRANCISCO, Nov 24 (Reuters) – Online shopping
has grown sharply so far this holiday shopping season after U.S.
retailers pushed out a slew of mobile and Internet deals that
lured consumers before Cyber Monday, traditionally the biggest
day for e-commerce in America.
While it remains to be seen if the gains on Thanksgiving Day
and Black Friday can be sustained, the latest estimates show
shoppers scooping up early special offers via their smart phones
and tablets, the way they used to hunt for bargains in