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Posts in Ecommerce

Amazon triples profits

Amazon's second quarter profits have more than tripled thanks to a combination of increased sales and a reduction in technology spending.

The company's share price rose by 21% yesterday in response to the news, with Amazon raising its full year income forecasts.

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Tips on producing a shopping comparison feed

The importance of the shopping comparison market is growing, as these sites can generate millions of pounds for retailers. So let's take a look at what you need to consider when creating your product feeds.

First, the big numbers. Shopping comparison engines made between £120m and £140m in UK revenue in 2005. In some sectors, such as consumer electronics, they can drive more than 30% of sales.

It is therefore hugely important to optimise your feed...

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M-commerce sites 'failing to satisfy users'

Mobile customers are "profoundly dissatisfied" by m-commerce sites that don't allow them to make purchases, according to a new survey.

The report, by Strategy Analytics, found mobile users didn't like being limited to research and pre-purchase evaluation and considered m-commerce sites to be vastly inferior to their fixed internet counterparts.

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Photoways Group raises €10m in funding

European photo sharing and printing website Photobox has raised €10m (£6.7m) in financing led by HarbourVest Partners.

Index Ventures and Highland Capital Partners also participated in the funding round, which the company will use to launch new sites and products, as well as expanding its current capacity.

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Profits up by 50% for eBay

eBay has announced its second quarter results today, with net profits rising by 50%. Revenue for the auction site was up 26%, though the number of new listings fell by 6%.

The company's net income for Q2 rose to $376m (£185m) while eBay said that profits for the whole of 2007 are set to reach $7.45bn (£3.75bn).

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Cashback shopping scheme claims increased uptake

Cashback shopping website GreasyPalm says it has delivered £5m in cash rebates for its users since it launched in 2003.

Users of GreasyPalm earn cash rewards on the purchases they make through the scheme's 850 participating retailers, including Marks & Spencer, Tesco, and Lloyds TSB.

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Auctioning4u to close its drop shops

Auctioning4u, the eBay service provider, has decided on a change of strategy and will be closing its existing eBay drop shops to concentrate on home collection.

Auctioning4u came to the decision after consulting its customers, finding that they preferred the convenience of having their items collected, rather than having to go to a drop shop.

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GDI plans €1bn London listing

German start-up Game Domain International (GDI), which has created a virtual world for on-demand game downloads, is reportedly set for a dual listing in Frankfurt and London.

Due in early 2008, the IPO would value the Virgin-backed company at some €1bn (£670m), even though it won't launch commercially until later this year.

If you're anything like me you probably think this valuation is crazy. And it is.

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Brands are still important online - study

Brands are still an important influence on online consumers, according to a new study by AOL and the Henley Centre.

However, the research also asserts that customers are becoming less loyal to brands as a result of their online experience.

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Online shoppers in no hurry to buy

The average time between a customer first visiting an etailer and completing their purchase has risen over the past two years, according to a new study.

ScanAlert's Digital Window Shopping Report found that shoppers take an average of 34 hours and 19 minutes from the first visit to purchase, according to an analysis of 2.6m online sales.

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Shopping search engine bags $15m

US shopping search engine TheFind  has received $15m (£7.3m) in third round funding, bringing the total raised by the company to $26m (£12.7m).

Unlike some other shopping search engines, TheFind searches products from as many sources as possible, not just from companies that have paid to be listed, though some sponsored links are included on the site.

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How much traffic does my competitor get?

Even if you had a spy in the heart of your competitor's e-commerce team, you might struggle to answer this question.

It's far from impossible that your competitors are neither appropriately recording their web traffic nor confident in which metrics to analyse.

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