A Seattle-based startup called Indix has raised an $8.5 million series A-1 round of venture capital for its service that keeps a real-time index of the products available across the world of online retail. Avalon Ventures and Nexus Venture Partners led the round, which brings Indix’s total funding to $14.4 million. The company’s service targets retail-industry users that want to keep track of trends and the competitive landscape, including who’s selling what and for how much.
It was a spectacular Cyber Monday! And it was the biggest online shopping day in history according to IBM (s IBM), which tracks online retail via its Digital Analytics service. There was a 20.6 percent increase in online sales, with the biggest boost coming from mobile,which accounted for over 17 percent of total online sales, up 55.4 percent from 2012. Mobile traffic was 31.7 percent of all online traffic, up 45 percent over 2012. The five-day online sales period – from Thanksgiving Day through Cyber Monday — was the highest ever in terms of spending. It was 16.5 percent over the same period in 2012. IBM didn’t share actual dollar figures on amount of money spent.
As more consumers turn to the web to make their purchases, startup Signifyd uses social data and other kinds of data sources to help e-commerce companies sniff out fraudsters.
Staples and RadioShack are both pulling Amazon Lockers, which allowed customers to pick up online purchases at their convenience, from their stores. It’s not that surprising: Other chains, like Walmart and Target, both stopped selling Kindle products last year.
Condé Nast, the publishing powerhouse behind brands like Vogue and Vanity Fair, has led a $20 million investment in luxury resale site Vestiaire Collective.
Can Amazon do for art what it’s done with books, diapers and hundreds of thousands of other products?
Looking to find the perfect product online? A new iPad app from The Find looks to build a highly personalized but broad search engine for items for sale online, taking a more data-oriented approch when it comes to buying.
The U.S. consumer book publishing industry had a strong 2012, fueled in part by the growth of ebooks.
Design site Fab is getting festive with new holiday shops that help people find the right gift for the holidays. The new shops caps off a huge year of growth for Fab, which is now up to 9 million members.
Frank & Oak, a Montreal-based digital-only men’s fashion brand, has raised $5 million in a Series A round of funding led by Lightbank. Since launching in February, the company said it has attracted 200,000 members and is growing at a rapid clip.