January 9, 2015
ALLISON BERLINER, 30, of Center City, is co-founder & CEO of SpotItBuyIt, which helps small retailers sell more via Instagram with a mobile app. Berliner, a 2013 Wharton MBA, co-founded the startup - which launched in a trial phase called beta in November - with chief technology officer Roopak Majmudar, 33, of University City. I spoke with Berliner. Q: How did you come up with the idea for SpotItBuyIt? A: We'd been working with small retailers and kept hearing the word Instagram and they really wanted help on converting mobile traffic [on]
October 21, 2014 |
As more shoppers stay home and buy by phone, Wal-Mart Stores Inc. has killed plans to keep opening new U.S. stores at the rate of more than one a day, and is instead building high-tech warehouses that ship straight to consumers, including one with help from a Pennsylvania tax break. Wal-Mart boss Carl Douglas McMillon , who took over management of the largest U.S. retail chain (and Pennsylvania's biggest private employer) earlier this year, told investors last week he will cut $850 million from his new-stores budget in 2015 - and spend $350 million more on "e-commerce" facilities, including a second giant warehouse in Bethlehem.
May 25, 2014 |
Can any password ever be strong enough? About 233 million people - somewhere between the populations of Brazil and Indonesia - may well be asking that question right now. That's the number who have accounts on eBay, the world-beating DIY auction site. Their question tells much about this fascinating moment in the history of e-commerce. This week, it emerged that hackers had compromised a big cache of eBay accounts. eBay said no financial information had been compromised - but it strongly suggested everybody change his or her passwords anyway.
October 29, 2013
World Wide Stereo , an independent Hatfield retailer of consumer electronics, home-automation and custom-installation services, promoted Bill Hettinger to vice president of e-commerce and director of purchasing, from director of e-commerce. Bill Buch has been promoted to vice president of purchasing, from director of purchasing. Winnie's LeBus Inc., Manayunk, named veteran food executive Joseph J. Giannetti as vice president of operations. He was vice president of franchise operations/research and development at Saladworks.
March 4, 2013
Retailers, who closed the books on their fiscal years in January, are just beginning to release their financial results for 2012. Struggling J.C. Penney Co. Inc. saw its shares plunge 17 percent one day after announcing a net loss of $985 million, or $4.49 per share, and a 25 percent decline in sales for 2012. Urban Outfitters Inc., the Philadelphia-based chain that has been a favorite on Wall Street, won't release complete financial results until March 11. But last month it reported a 17 percent increase in fourth-quarter sales and a 13 percent increase in full-year sales.
December 15, 2012 |
Steven J. Greenwood, 44, an e-commerce executive and Bruce Springsteen fan who boasted of having seen the Boss in concert almost 100 times, died Saturday, Dec. 8, of congestive heart failure at Carolinas Medical Center in Pineville, N.C. Mr. Greenwood made his home in Royersford for about a decade before moving this year to Fort Mill, S.C., for a job. He had not been feeling well recently and went into the hospital; doctors were unable to...
July 3, 2012 |
How cool is it to be two brothers in your 20s, running a thriving Web business out of hip industrial loft space while employing 40 college buddies and childhood friends? Very cool — until you have to fire most of them. "It was a big deal. We lost it all in three months," said Darren Hill, now 36, one of the brothers who founded WebLinc L.L.C. Started as a Web-design e-commerce business in the mid-1990s, WebLinc, now housed in Old City, caught the e-wave, expanding in the excitement surrounding the Internet's then-untapped potential for marketing and sales.
October 26, 2011 |
Alphabuyer Inc., a year-old Paoli e-commerce company that enlists customers for "group buying for your bills," probably could have picked something a little sexier to start with than the humble electric bill. But since launching last year with discount offers for Peco Energy Co. electricity customers, the group-buying service has expanded into three other states, including New Jersey, and other commodities, such as natural gas. Cofounder Kevin Johnson imagines that eventually every savvy, penny-pinching customer will go through Alphabuyer to join groups to buy products and services ranging from discounted Internet and cellphone service to gasoline, heating oil, or antivirus-software subscriptions.
September 23, 2011
Ben Franklin Technology Partners of Southeastern Pennsylvania is seeking applicants for an incubator designed to help foster new digital media businesses. Companies and entrepreneurs working on products related to the news media, e-commerce and mobile applications for smart phones and tablets are encouraged to visit www.sep.benfranklin.org to apply for participation in Project Liberty Digital Incubator. The incubator is a joint initiative of Ben Franklin, Drexel University, DreamIt Ventures and Philadelphia Media Network - owner of The Inquirer, Daily News and Philly.com.