Voices

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.

Apple Retail Stores Rack Up Record Revenue Per Customer

So much for Apple’s “very painful and expensive” retail mistake …
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Video Shopping Startup Joyus Raises $11.5M in Second Round, Focuses on ROI of Online Retail

Do online retailers need to make it count for merchants?
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Voices

Penney Ousts Ron Johnson, Rehires Myron Ullman

The former Apple Inc. executive’s plan for revamping the chain’s 1,100 department stores produced a disastrous drop in sales.

A Look Inside One of Samsung’s New Stores at Best Buy

AllThingsD takes a look inside one of the first Samsung Experience Shops at a Best Buy store in suburban Dallas.
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Samsung Decides to Build Its Own Stores — Inside Best Buy

The Korean electronics giant wanted a bigger presence at retail, but decided opening its own chain wasn’t the way to go — at least for now.
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News Byte

Mango Health App That Games Taking Meds Launches With Target Partnership

San Francisco-based Mango Health — a new mobile app aimed at allowing people to manage their personal health by tracking medications and nutritional supplements they take — is launching after a 16-week pilot program and a strategic deal with retail giant Target. The app rewards users with gift cards or allows them to make charitable donations for correctly following their medical regimens by using game design principles. Consumers can also check for interactions between medications, supplements and foods, and get dosage reminders. Mango has raised $3.1 million in seed funding from venture firms First Round Capital, Floodgate and Baseline Ventures, as well as angel investors Mark Pincus and Keith Rabois.

Actually, Amazon Paid About $150 Million for Goodreads

Um, not one billlllllllion dollars.
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Motion Control Sensor Leap to Ship in May, Will Cost $80

Gaming on your PC is about to get a little more interesting.
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Exclusive: PayPal Co-Founder Levchin Launches New Payments Startup, Affirm

He’s back, and this time the well-known entrepreneur wants to give you a digital charge card.
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Google’s Rubin: No Need for Retail Stores

Apple Retail VP Jerry McDougal Resigns