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Best Buy Posts Loss on Lower Revenue
Best Buy Co. ramped up cost-cutting during its fiscal first quarter as its retail revenue continued to slide. Online sales improved, however.
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Jamba Juice Expands Order-Ahead Feature With Help From PayPal
Online payment processor PayPal said Tuesday that it is expanding a test partnership with Jamba Juice to let PayPal app users order and pay from their phones ahead of pick-up. Of course, plenty of retailers, from Chipotle to Five Guys, allow customers to order and pay ahead of time from their own apps using traditional payment methods. PayPal also said that RadioShack will be the latest retailer to accept PayPal as a payment method in stores.
Meet Stitch Fix, the Personal Shopping Service That Mixes Data With a Human Touch
Silk blouse in your size and a statement necklace, coming right up.
Customer Service Is Next Job for IBM’s Watson
Keeping track of what consumers like and dislike is a beefy computing problem.
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Fab Raising at Least $250 Million
Online design retailer Fab Inc. is in advanced talks to raise $250 million to $300 million in venture capital in a deal that would value the fast-growing but unprofitable company at $1 billion not including the new capital, people familiar with the matter said.News Byte
Google to Shutter Google Checkout in Favor of Google Wallet
Google announced Monday that it will close down its online payment processing product Google Checkout in six months, as it looks to build support for the multiscreen Google Wallet product. Merchants who use Google Checkout have one of two choices: Those in the U.S. with payment processing can apply for Google Wallet Instant Buy; those without their own payment processing can get discounts to transition over to payment services Braintree, Shopify or FreshBooks, Google said in a blog post.Email Money to Friends With Square Cash (But Only if You Work for Twitter, Pinterest or Box)
A new kind of cash — via email — from the micro-payments company.
Apple Retail Stores Rack Up Record Revenue Per Customer
So much for Apple’s “very painful and expensive” retail mistake …
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Online Food Delivery Services Seamless and GrubHub Will Merge
New York City-based Seamless and Chicago-based GrubHub have agreed to merge their privately held online food delivery businesses, the companies announced today. The companies combined did more than $100 million in revenue in 2012, they said. GrubHub CEO Matt Maloney will retain the CEO title of the new company, whose name has yet to be chosen.AOL Has Mulled Launching “Bling Thing,” a New Subscription Commerce Business
Does the world really need another subscription commerce business? AOL is weighing that very question.
Pinterest Makes Pins More Than Pretty Pictures
Pinterest brings information from the rest of the Web deeper into its site, like any good emerging social platform.
