E-Commerce News

Friday, February 3, 2012

PC Connection names Driscoll as new CFO
PC Connection Inc., the online technology retailer based in Merrimack, N.H., has named Joseph S. Driscoll as the company’s new CFO and treasurer.

Thursday, January 26, 2012

Staples to open Cambridge e-commerce innovation center
Staples is hiring to develop new e-commerce offerings in a new development center located in the startup centrum of Kendall Square in Cambridge, the office supply chain announced, Thursday.

Wednesday, January 25, 2012

Monster lays off 400 worldwide
Monster Worldwide Inc. has laid off approximately 7 percent of its worldwide workforce, which translates to less than 100 positions in Massachusetts.

Friday, January 20, 2012

Blog: Apple: ‘SOPA, I am your father!’
Two events that happened completely coincidentally in conjunction over the past two days are connected in one disturbing — and mostly unrecognized — way. The SOPA blackout protests on the web and the Apple Inc. launch of its iBook2 textbook authoring platform.
Update: RueLaLa says filing is about options, not new funding
RueLaLa Inc., formerly known as Retail Convergence Inc., has followed up its recent layoffs with a federal filing related to $22 million in equity options, which a company spokesperson said is not a new fundraise.

Thursday, January 19, 2012

SeeWhy doubles recent funding to $2.25M
Andover e-commerce software company SeeWhy Inc. has boosted its most recent fundraise to more than double its previous amount, taking in $2.25 million of what is now a planned $3 million round, SEC filings show.

Tuesday, January 17, 2012

Maine online vet pharmacy Vets First Choice buys VetCentric
Online veterinary pharmacy Vets First Choice of Portland, Maine, has acquired Maryland-based VetCentric, another online vet drug provider, creating an online pharmacy serving more than 25 million pet owners and more than 6,000 veterinary practices, the company said today.

Thursday, January 12, 2012

Sources: Rue La La parent Retail Convergence lays off 65, closes SmartBargains
Retail Convergence Inc., the Boston-based company that operates private sale site Rue La La, has undertaken major layoffs and plans to shutter its SmartBargains.com, a discount shopping site it runs in addition to Rue La La, according to current and former employees.

Monday, November 21, 2011

Daily Grommet buttons up funding round to $950K
Almost two months after drawing its first tranche of its most recent funding round, Daily Grommet Inc. has boosted the amount with a second tranche, and has now taken in $950,000 of a planned $1.15 million fundraise.

Thursday, November 17, 2011

CustomMade IDs backers in $2.1M round as Google, First Round
Online custom crafts marketplace company CustomMade Ventures Corp. announced the $2.1 million financing that it filed federal documents about in late September, identifying the lead investors as Google Ventures and First Round Capital.

Tuesday, November 15, 2011

RapidBuyr buys L.A. site BizDeals.com
Concord-based daily deals site company RapidBuyr LLC has purchased B2B-focused weekly deal site BizDeals.com of Los Angeles for an undisclosed amount.

Wednesday, November 2, 2011

BuyWithMe bought by Gilt Groupe
Luxury discounter Gilt Groupe has acquired Boston- and New York-based Groupon competitor BuyWithMe, the company announced in an emailed news release today, weeks after it emerged that BuyWithMe had undertaken significant layoffs.

Wednesday, October 12, 2011

Scvngr grows LevelUp to NY, San Francisco
SCVNGR Inc. said Wednesday it has expanded a retooled version of LevelUp, its service that pairs deals at local businesses with a new mobile payment system, into New York City and San Francisco.

Wednesday, September 28, 2011

CustomMade crafts $2M financing
CustomMade Ventures Corp., which runs an online marketplace for craftsmen to take orders for custom made products, has landed $2 million in its first institutional funding round, according to federal documents.

Friday, September 23, 2011

Daily Grommet snaps up $310K in new funding
Retail products spotlighting website company Daily Grommet Inc. has taken in $310,000 of a planned $750,000 in new funding, federal documents show.

Wednesday, August 31, 2011

Zipcar, Ford to bring cars to college kids
Zipcar Inc. of Cambridge reported today in a release that it is teaming up with Ford Motor Co. in a two-year deal to supply college students with the company’s car-sharing service.

Tuesday, August 16, 2011

PeerTransfer pockets $7.5M in Series A round
Cambridge-based peerTransfer Corp. has raised $7.5 million in a second financing round, which the company will use to add staff and other infrastructure development, according to a press release.

Monday, August 1, 2011

MyTrueFit fitted with $4.5M funding
True Fit Corp., a Woburn clothing and shoe e-commerce site operating as My True Fit, has raised $4.36 million of a planned $4.5 million equity funding round and added Dorothy Mattison, senior managing director of Guggenheim Partners LLC, to its board of directors.

Friday, July 29, 2011

Carbonite estimates IPO at up to $17 per share
Carbonite Inc. announced estimated pricing of its planned initial public offering in a filing with the SEC yesterday, aiming for $17 per common share and potentially bringing proceeds of approximately $107 million to the Boston online computer backup company.

Thursday, July 21, 2011

Gazelle rounds up $22M funding for recycling electronics
Gazelle, the consumer electronics recycling service operated by Boston-based Second Rotation Inc., has raised $22 million in a Series D funding round, led by Craton Equity Partners. Venrock Associates, Physic Ventures and Rockport Capital supported the financing.