Retailers, consumers and prices
eBay said Wednesday that the value of goods sold in the U.S. through its mobile applications surged 133% to $100 million during the month before Christmas. Globally, the growth was even stronger: Up 166% to $230 million worth of goods.
That is good news from one angle. eBay is having success using mobile devices to sell goods during the busiest retailing period of the year. But it obscures another fact: Mobile sales may be a growing market, but it's a tiny portion of eBay's overall sales. And overall sales don't appear to be growing nearly as fast.
eBay's Gross Merchandise Volume (the total value of all goods sold through eBay) was $48.3 billion in 2009, excluding car sales, and that figure is likely to top $50 billion in 2010. The $230 million GMV of mobile sales is equal to only 0.5% of eBay's total GMV last year.
Put another way, the volume of goods sold through mobile devices during the holiday season is about 6 percent of the average volume of goods sold each month on eBay.
Apple is expected to announce a fix for the iPhone 4's reception problems, rather than a recall, at a surprise press conference on the device on Friday. The event, which comes only days before Apple reports its quarterly results, may find the company offering hardware or software tweaks, ranging from a rubber bumper case to something more drastic. Or perhaps no fix at all.
Reuters is live at the event, and we are hosting a live blog with updates as fast as we get them. Stay tuned for more, and please post your comments about Apple's decisions.
The No. 2 U.S. bookstore chain’s electronic bookstore comes nine months after rival Barnes & Noble debuted its Nook e-reader and three months after Apple introduced its popular iPad tablet computer, allowing both companies, and Amazon.com, which sells the Kindle e-reader, to get a head start.
No worries, says Borders, which saw sales at its namesake superstores open at least a year and on its website fall 11.4 percent in the first quarter.
It may be the World Cup, but when it comes to sapping productivity in the United States the global soccer tournament still has a thing or two to learn from March Madness and the National Football League.
Outplacement firm Challenger, Gray & Christmas, which often measures lost workplace productivity, said many U.S. fans will tune in for the quadrennial soccer tournament, which kicks off Friday in South Africa, but the event still trails the NCAA men’s basketball tournament, dubbed March Madness, and other events.
You’ve got the hottest new gadget in town. Now where do you put it?
Inside an iPAD-compatible vest, of course.
Ketchum, Idaho-based Scottevest, which debuted a line of clothing in 2005 that was compatible with the smaller iPod, has introduced “outerwear” with a large interior pocket that holds Apple‘s latest device securely without damaging the screen.
“If you’re going to carry it around all the time, you don’t want to carry it in a purse,” said Chief Executive and Founder Scott Jordan. “I don’t think men want to carry around a purse.”
Check out a different kind of tournament bracket still underway.
The Duke Blue Devils may have won yet another college basketball title Monday night, but consumers can still make their “Sweet 16″ picks in Consumerist.com’s annual “Worst Company in America” tournament, which runs through April 26.
In its fifth year, the website, owned by Consumers Union, the publisher of Consumer Reports, lets consumers vote for their least favorite companies in matchups much like the NCAA tournament. Starting with 32 “teams,” the tournament pairs companies in votes in which the “winner” (think about it, in a worst company vote you want to lose) advances to face the next competitor.
The app has already been downloaded “tens of thousands” of times since the launch of the iPad on Saturday, said eBay’s vice president of mobile, Steven Yankovich. Currently, eBay is No 11 in the list of free iPad apps, he said.
...this guy in the hat. Sitting among Saturday strollers on New York's Fifth Ave. He's one of the 10 or so sitting in front of the Apple Store more than 18 hours before it will open for the first day of iPad sales. Oops, it looks like the dot.com ad on his hat is not the only surprise of the day. Sorry MediaFile readers, we only report the news. Sorry it wasn't the cute kid on the left.
Check out how the long wait for the iPad is nearing its end.
Best Buy and Apple’s own stores will begin selling the much-hyped iPad tablet computer on Saturday morning.
Apple said on Monday that versions of the device with Wi-Fi wireless Internet capabilities will be available in all 221 U.S. Apple retail stores and most Best Buy stores, for prices ranging from $499 to $699. Models using 3G wireless systems will hit stores in late April.
A list of the top 10 companies from a “Hot 100 Retailers list” compiled by Planet Retail for the National Retail Federation showed that while a few companies grew organically, most grew as a result of a merger or acquisition.
Topping the list of companies that grew through a deal was DineEquity, which bought Applebee’s last year.