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Retailers feast on free Facebook tools, shun ads
Jun 15th, 2012
CHICAGO (Reuters) - Krishan Agarwal, president of online luxury watch vendor Melrose.com, told a roomful of attentive Internet retailers last week how Facebook had helped his company generate about 25 percent more sales in two years. Then he dropped a bombshell: Melrose spent less than $1,500 on Facebook ads during that time. Everything else the company did with Facebook was free. ... (Source: Reuters) -
By Phil Wahba and Jessica Wohl NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy's Inc to Wal-Mart Stores Inc . Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at le... [Full Article]
MOUNT WASHINGTON, Ky. (AP) - Authorities in Kentucky have charged a man who officers say had an overnight feast in a closed supermarket outside Louisville. (Source: Associated Press)... [Full Article]
JAKARTA (Reuters) - The death toll from a tunnel collapse at the world's second largest copper mine run by Freeport McMoRan Copper & Gold Inc's Indonesian unit was raised to 28 on Wednesday as rescuers gave up hope of finding any more survivors. Arizona-based Freeport closed the remote Papua mine on Wednesday last week, a day after a ... [Full Article]
Teenagers really are over Facebook. In February the social network warned investors that "our younger users ... are aware of and actively engaging with other products and services similar to, or as a substitute for, Facebook." And in April the investment bank Piper Jaffray reported that products and services like Tumblr and Twitter were f... [Full Article]
By Gerry Shih SAN FRANCISCO (Reuters) - For futurists in Silicon Valley, the question is fundamental, almost philosophical: In the coming years, will the humble website still be the dominant way we interact with the Internet? For David Rusenko, the 27-year-old founder and chief executive of global website builder Weebly, the answer is: Of course! O... [Full Article]
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