Flash-sale site Ideeli, bought by Groupon in January for $43 million, officially became Ideel this week. Earlier this year, the company revamped its website, and it's currently in the process of adding new products in categories including accessories, footwear and home goods.
Faisal Masud's career included stints at Amazon and eBay when he signed on as e-commerce chief at Staples earlier this year. The office supply chain is the second-largest online retailer behind Amazon, but the brick-and-mortar stores remain a key part of the retailer's long-term omnichannel strategy, Masud said.
About 75% of small businesses market to other businesses, and the use of e-commerce is helping these smaller business-to-business companies level the playing field against giants such as Amazon and eBay, writes Steven Kramer. The use of e-commerce provides operational efficiencies, creates a sense of outsized scale, trims the sales cycle, and can even lower operating costs and aid customer relations, adding to the bottom line.
Daily deals from companies including Groupon, Amazon and Groupalia helped spur double-digit online retail growth in Italy last year, executives say. Daily deals and flash-sale sites have proven the most popular with middle-income women between 20 and 40, according to Italian e-commerce consortium Netcomm.
Former GSI Commerce CEO Michael Rubin created a holding company, Kynetic, to run three subsidiaries that eBay didn't acquire when it bought GSI for $2.4 billion in March. Kynetic holds flash-sale website Rue La La, online shopping service ShopRunner and sports-merchandise business Fanatics.