Welcome to the new edition of “This week’s news”, a selection of links to interesting articles and news from the worlds of blogs, commerce and e-commerce.
After an impressive growth period, the design e-commerce retailer Fab.com was struggling a bit in the recent month, laying off staff and trying to find a new focus after the flash sales concept turned out to have a less lucrative future than what initially was expected. But now, the New York-based company seems to push forward again, having announced that it has acquired assets from myFab, a French home decor and designer furniture portal. In total, Fab.com has raised an impressive $336 million in outside funding so far.
Dwolla is an interesting US startup that allows individuals and businesses to move money at very low fees. Now the company has launched a feature called “Dwolla Credit”, which enables merchants using Dwolla to offer customers an option to purchase now but pay later – without the need of a credit card. Retailers on the other hand receive the paid amount in real-time, instead of days or weeks later.
Customers abandoning a purchase in the final stages is both a huge loss and a huge chance for retailers. On the one hand, it is missed revenue. On the other hand, with the right approach, those users can be brought back to the shop in order to complete the purchase. It all depends on the strategy. PowerRetail analyzes the effectiveness of a personalized approach that makes use of individual reminder emails.
Twitter has launched a new feature that shows pictures from different photo platforms inside the stream without that the user has to click to see them. While some users complain about the increased noise and loss of focus caused by the change, Forbes sees big potential for online shops. Photos can convey a lot of information quickly – something that Twitter with its 140 character limited has been not that suitable for. By selectively publishing photos to specific items available online, retailers can leverage the new Twitter function to drive sales.
Medium, the publishing platform started by Twitter co-founder Evan Williams, is now open for everybody who wants to publish content. Previously, only those who had gotten hold of an invite did have writing privileges.