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- Instagram Dedicates Video Channel to Met Ball Coverage
- Disney, Apple Developments in China Spark Concern
- Awear Smart Chips Bringing Internet of Things to Fashion
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GOOGLE STOCKS HIT $1,000: Google’s stock hit $1,000 for the first time after the company said third-quarter earnings jumped 36.5 percent to $2.97 billion as sales for the three months ended Sept. 30 increased 11.9 percent to $14.89 billion.
TECH AND LUXURY SEEING CROSSOVER: The luxury and technology sectors are converging — or at least that’s how headhunters and other industry experts interpreted Apple Inc.’s choice of Angela Ahrendts, Burberry chief executive officer, as senior vice president of retail and online stores. She starts her new gig this spring.
IN-STORE, ONLINE COORDINATION SEEN LACKING: A laser-like focus on e-commerce might be blinding some retailers to opportunities in their brick-and-mortar stores, including some created by the Internet, according to a study by A.T. Kearney.
EBAY OUTLOOK DISAPPOINTS: Internet giant eBay Inc.’s third-quarter sales rose 14 percent to $3.89 billion, but the company disappointed with its outlook. EBay projected fourth-quarter sales would rise to a range of $4.5 billion to $4.6 billion — less than the $4.64 billion that Wall Street anticipated.
E-COMMERCE IN CHINA: E-commerce sales in China might be growing, but the actual order submission rate is still just 10 percent, according to Mary Ransom, senior vice president at Borderfree, who gave a presentation on trends in the market.
REFINERY29 RAISES $20 MILLION: Refinery29 raised $20 million in Series C funding from the Stripes Group to help fuel its evolution. The funds will help it expand its content and programming in a range of areas such as health, fitness, home and news.
EDITORIALIST CLOSES SERIES A: The Editorialist, an eight-month-old content and commerce site, reeled in $2 million in Series A funding. The money will help the luxury accessories site, which is on track to turn a profit by early 2014, grow internationally.
NIKE UNVEILS NIKE+ FUELBAND SE: Nike Inc.’s vice president of digital sport Stefan Olander unveiled the Nike+ FuelBand SE as well as an updated Nike+ FuelBand app with a feature that allows users to form groups with their friends and easily share fuel data.
GIFTLAB PREPARING TO LAUNCH IN THE US: Carmen Busquets is gearing up for the U.S launch of Giftlab, the luxury e-commerce Web site she founded in the U.K. in November 2012. The site focuses on the art of highly personal gift-giving.