News Byte

Fab.com Ditches Google+ in Favor of Pinterest

Fab.com, the shopping Web site that raised $40 million late last year in a Series B round led by Andreessen Horowitz, has revamped its site to highlight more social features, including the ability to filter its live shopping feed by category, buy straight from the feed and see what Facebook friends are buying. Fab has also removed its Google+ button in favor of a Pinterest pin. The company claims four million members in the 10 months since its launch.

Couch Commerce Spans Researching, Reviewing and Buying

In a survey, Nielsen shows that smartphones and tablets are not being used for the same kinds of shopping-related activities.
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News Byte

NetPlenish Stocks Shelves With $1.9 Million in Funding for Shopping App

NetPlenish, a mobile-shopping app that finds the best price on everyday items like toothpaste and toilet paper, has raised $1.9 million in seed funding. Investors include Dave McClure’s 500 Startups, Gold Hill Capital, BHV Capital, TEEC Angel Fund, Ludlow Ventures and other angels. The Ventura, Calif.-based company’s app is available starting today on iPhone and Android.

Look, Men Shop Online, Too!

As it turns out, for males, the Internet is not just about fantasy football and porn.
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News Byte

Online Shoppers Say They Buy Things They Find on Pinterest

Here’s a stat worth bookmarking: 21 percent of people who identified themselves as Pinterest users said in a recent survey that they had purchased a product after seeing it on Pinterest — most frequently, clothing, food or home decorating materials. Unfortunately, the survey wasn’t done by a major research outlet, but rather by the comparison shopping site PriceGrabber. Of 4,851 U.S. online shoppers who participated in the PriceGrabber survey, 10 percent said they had Pinterest accounts.

Gilt Gives Discounts to Match Klout Scores

This week, if you have a Klout score of 40, you can get 40 percent off your Gilt purchase; a Klout score of 60 gets 60 percent off, and a Klout score above 80 gets 100 percent off.
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Fancy Shows Pinterest How It Might Make Money — Selling Stuff

Radical idea, right?
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A Look at Walmart’s Plans for Making Commerce High-Tech (Video)

Walmart is typically associated with its everyday low prices, not with technology. But the mega-retailer is trying to change that by building a tech center just south of San Francisco.
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News Byte

An Online Marketplace for Everyday Household Items Snags $3.6 Million

Alice.com, an online marketplace for household goods ranging from diapers to dog food to toothpaste, has raised $3.6 million in funding. A bit like Amazon-owned Diapers.com, the Middleton, Wis.-based company allows big brands to use the platform to connect with consumers and offer coupons. The round, coming from a group of Spanish investors, closely follows Alice’s expansion to Europe through Alice.es. The company has raised $18.2 million to date.

Online Commerce Trend: More Spending, Smaller Purchases

The average checkout size is shrinking, even though more people spent more money online. Why? Here are three reasons.
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Apps for Last-Minute Holiday Shoppers