US online retail spending up 15% on last year

Online retail spending in the US reached $41.9 billion for the quarter, up 15 percent versus year ago, according to new data. This represents the twelfth consecutive quarter of positive year-over-year growth and eighth consecutive quarter of double-digit growth. “The...

Amazon mulling bid for ASOS?

Amazon is considering a takeover bid for online fashion retailer Asos, according to a news report. The Daily Telegraph reports that Amazon examined Asos’ books earlier this year and the US retailer’s founder Jeff Bezos interest was heightened when he met Asos boss...

eBay revamps site with Pinterest-style layout

Online marketplace eBay has today rolled out a new website, with a strong visual style similar to Pinterest. The new look site allows users to create their own customised homepage as the firm moves away from its auction roots to focus more on instant purchases. The...