Amazon has cut the price of the 8.9-inch Kindle Fire HD with 4G wireless capability to $399, from $499, and has taken $30 off the Wi-Fi-only version. The company says expanding availability to additional markets has reduced production costs. "Whenever we're able to create these cost efficiencies, we want to pass the savings along to our customers," a spokeswoman said.
Amazon has introduced its first single-brand fashion website, selling Derek Lam's 10 Crosby line. "It's so ripe for innovation, and if we can give customers a beautiful, branded 10 Crosby experience -- and couple it with the ease of shopping on Amazon and all the service that our customer relies on -- it's a genius combination," Amazon Fashion President Cathy Beaudoin said.
African online retailer Jumia, which launched a year ago to sell in Nigeria, Egypt and Morocco, has secured $26 million to expand into more African markets. The website lets customers pay on delivery, rather than online. While much of Africa is behind when it comes to Internet technology and mobile gadgets, a growing middle class brings the prospect of rising e-commerce.