Indix raises $8.5M to index online retail

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.

Cyber Monday: By the numbers (from IBM)

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.


Staples, RadioShack remove Amazon Lockers from their stores

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.

Online men’s retailer Frank & Oak raises $5M, led by Lightbank

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.