The news and headlines that grabbed our attention this past week:
Why men are out-shopping women online @ USA Today Money– Retailers usually refer to shoppers as “she,” but turns out, men are out-shopping women online.
MasterCard introduces PayPass Wallet Services, Online and API at CTIA 2012 @ Engadget – Mastercard’s PayPass Wallet Services is a new umbrella product that includes an online payment system, a branded service and an API that allows developers to integrate PayPass into their own proprietary offerings. Simply put, PayPass is no longer a product, but a platform.
Amazon Leaps Into High End of the Fashion Pool @ NYTimes – Having wounded the publishing industry, slashed pricing in electronics and made the toy industry quiver, Amazon is taking on the high-end clothing business in its typical way: go big and spare no expense. The online retailer is shooting 3,000 fashion images a day in a photo studio using patent-pending technology.
Etsy Raises $40 Million, Looks Beyond the Marketplace @ Mashable – Etsy, an online store for selling handmade goods, has a plan to expand beyond its peer-to-peer marketplace — and it has raised $40 million to put it into place. Etsy’s seven-year-old marketplace has 875,000 active sellers who together sold more than $525 million worth of goods in 2011.
The Top Retailers in Social Media @ Mashable – It’s become practically mandatory that brands incorporate social media into their business strategy, causing retailers to compete for popularity in stores and on the Internet, too. Mashable published a great infographic, which covers the largest Internet retailers in the U.S., and their presence on the five key social networks: Facebook, Twitter, YouTube, Google+ and Pinterest.