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Amazon Hires Patton Boggs to Advocate for Sales Tax Legislation
January 28, 2013

Amazon.com Inc. has enlisted the help of Patton Boggs in Washington to fight for legislation that would allow states to collect sales taxes from online and catalog retailers located anywhere in the United States.Patton senior policy adviser Michael...

Five Below to open 60 stores in 2013 and expand into Texas
January 25, 2013

Philadelphia -- Teen and tween retailer Five Below will open 60 stores this year, including its first-ever locations in Texas. The retailer said it will open four to five stores in Austin, Texas, and 10 to 12 stores in Dallas by late summer, with the...

Will Google Shopping Become a Marketplace?
January 25, 2013

Google announced earnings this week, and Wall Street analysts were trying to gauge the impact Product Listing Ads had on the company's advertising business. Where online merchants were previously able to send Google a product listing feed to get free...

Retailers Embrace Data Tools for Rapid-Fire Price Changes
January 25, 2013

Don't like the price you're seeing on a coffee maker or a toothbrush? Try waiting five minutes. That lesson is starting to dawn on consumers as retailers embrace technologies that allow them to make rapid-fire price changes on a hourly or even minute-by-minute basis. Consumers are accustomed to rapid price fluctuations in the online world, used by sophisticated e-commerce retailers like Amazon.com, but brick-and-mortar retailers are embracing technologies that crawl the web for product prices and make adjustments on the fly both online and in stores for things like consumer electronics, power tools and even consumer packaged goods.

Overstock.com posts revenue growth
January 25, 2013

SALT LAKE CITY โ€” Overstock.com reported that fourth quarter revenue grew 9% to $342 million from $314 million for the same period last year. The company posted net income of $8.8 million, or 37 cents per diluted share, compared with a net loss of $3.4...

Amazon Buys Text-to-Speech Software Company IVONA
January 25, 2013

Amazon.com said on Thursday it acquired text-to-speech technology company IVONA Software, a sign that the world's largest internet retailer may be looking to develop more services similar to Apple's voice-based search product Siri. An Amazon spokeswoman declined to say how much the company paid for IVONA. IVONA's technology already supports several features on Amazon's Kindle Fire tablet computers, such as text-to-speech, said Dave Limp, who oversees the Kindle business.

Gigante and Petco in deal to open stores in Mexico and Latin America
January 25, 2013

New York -- Mexican supermarket and restaurant operator Gigante has entered into a joint venture with Petco Animal Supplies to open at least 50 stores in Mexico and other Latin American countries over seven years, Reuters reported. The first two Petco...

Saks Enhances Omnichannel Strategy With Loyalty Program Updates and Free Shipping
January 25, 2013

Saks Fifth Avenue is amping up its omnichannel strategy by updating its SaksFirst loyalty program and adding free shipping. The changes will make the benefits of the program more consistent across Saks' different channels. On Thursday, Saks announced that all Saks' cardholders will now receive free shipping from Saks stores, Saks.com and Saks Fifth Avenue Off 5th stores.

CVS Caremark donates $50K for Hurricane Sandy relief
January 25, 2013

WOONSOCKET, R.I. โ€” Continuing to assist those who were affected by Hurricane Sandy, the CVS Caremark Charitable Trust, a private foundation created by CVS Caremark Corporation, announced on Friday that it is donating $50,000 to the Hurricane Sandy New...