SHOPPING APP SPRING LURES MAJOR BACKERS: The new app Spring, which is being backed by fashion heavy hitters from Bernard Arnault to Lew Frankfort to Silas Chou, launched a mobile-only marketplace that allows users to shop directly from a community of brands, attracting 450 at launch.
INTEL ENTERS WEARABLE TECH WITH BIOSPORT: Intel launched the first product from its New Devices Group in cooperation with sms — Biosport earbuds that monitor the wearer’s heart rate.
IDEELI REPOSITIONS UNDER GROUPON: Ideeli’s name change to “Ideel” is just the most outward in a series of moves being made in the wake of the company’s $43 million acquisition by Groupon in January.
CAROLINA HERRERA READIES STYLE APP: Carolina Herrera began to test Herrera Style, an invitation-only app that better connects sales associates with their luxury shoppers.
AMAZON UNVEILS CARD-SWIPING DEVICE: Amazon.com Inc. on Wednesday unveiled a $10 credit-card reader and mobile app for brick-and-mortar businesses, marking the latest step by the U.S. online retailer to expand its presence in the physical world.
PIPERLIME TO REVAMP WEB SITE: Piperlime has overhauled its Web site by reengineering the merchandise mix, integrating social media into shopping and updating its marketing.
LOJAS RENNER, MICHAEL KORS EARN TOP FACEBOOK LIKES: Leading Stylophane’s monthly ranking of the brands with the most-engaged users for July was Brazilian retailer Lojas Renner, which pelted users with 177 Facebook posts last month, garnering 776,908 post likes.
ALIBABA MEDIA UNIT CITES POSSIBLE ACCOUNTING IRREGULARITIES: A media firm Alibaba Group Holding Ltd. recently bought said on Friday a review of its finances revealed possible accounting irregularities, casting doubts about the Chinese e-commerce giant’s due diligence as it prepares for a U.S. initial public offering.
JD.COM QUARTERLY REVENUE RISES 64%: JD.com Inc., China’s second-largest e-commerce company, reported a 64 percent rise in quarterly revenue as the number of its active customers nearly doubled.