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Amazon’s relents on e-book pricing and resumes sales of Macmillan books
Amazon.com’s strategy of selling low-priced e-books to encourage sales of its Kindle e-book reader is in jeopardy as the retailer ceded ground to one publisher that demanded higher prices for the digital products and faces similar pressure from another.
Art.com draws record profits in 2009 and names a new CEO
The web-only retailer of wall art says it posted record profits on sales of more than $140 million last year. It also promoted chief operating officer Geoffroy Martin to chief executive, as founding CEO Michael Heinstein assumes the role of chairman.
Online textbook renter Chegg.com names a former Yahoo executive as CEO
Online textbook rental company Chegg Inc. has named Daniel Rosensweig as its president and CEO. The company also announced it raised $112 million in its latest funding round.
Rue La La appoints an industry veteran to head up its travel division
Members-only web retailer Rue La La has appointed travel industry veteran and entrepreneur Marka Jenkins Waechter general manager of its experiences division. She will be responsible for expanding Rue La La`s partnerships with luxury travel providers.
CableOrganizer.com’s 2009 web sales climb 7%
CableOrganizer.com, a web-only retailer of cable, wire and products to manage electrical equipment, reported $14 million in sales for 2009, a 7% increase compared with the prior year.
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Costco names a president and chief operating officer
Costco Wholesale Corp. has named Craig Jelinek the retailer’s new president and chief operating officer. Analysts say the move signals a succession plan for the company’s CEO Jim Sinegal.
President steps down at parent of music and DVD retailer FYE.com
Jim Litwak has resigned as president of Trans World Entertainment. Chairman and CEO Robert Higgins will take over Litwak’s responsibilities, and the retailer is searching for a new head of merchandising and marketing.
Men’s Wearhouse hires a new chief marketing officer
The Men’s Wearhouse Inc. has named Diane Ridgway-Cross senior vice president and chief marketing officer.
Multichannel dog supply retailer FetchDog.com names a CEO
Fetch Enterprises Inc., parent company of multichannel dog supplies retailer FetchDog.com, has named Levenger Co. president Edward R. Howell as its CEO.
E-commerce stocks still suffer from a New Year’s hangover
It was another rough week for the Internet Retailer Online Retail Index of e-commerce stocks, which dropped more than 2%, trailing the broader market.
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Internet Retailer introduces the most comprehensive data resource on e-retailing:
Top500Guide.com. All data
on America's 500 largest e-retailers—80,000 facts in all—are now in an online database which users can access
anytime from anywhere and instantly generate reports in response to their custom queries. With the Top500Guide.com, subscribers can:
- Compare any group of e-retailers on any key aspect of e-retailing performance.
- Generate reports based on hundreds of queries.
- Access data on more than 1,800 e-retailing professionals.
- Review profiles and operating data on any e-retailer in the Top 500.
- Obtain a free copy of 2009 printed edition of the Top 500 Guide, coming in May.
For details, click here.
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