/ E-Retailers

AmEx Takes Stock in Respond.com

American Express has bought a minority stake in Respond.com, an online "shop by request'' service that connects buyers with sellers. The two companies also signed a joint marketing agreement in which American Express will promote the Respond.com services on its merchant Web site www.americanexpress.com/merchant, while Respond.com will promote American Express services on its site. Terms of the deal were not disclosed. Buyers using Respond.com's...

Posted 01/19/2001Don DavisPost a comment

The battle heats up for market share among online surplus exchanges

The market-share grab is on among online surplus exchanges. Nearly a dozen exchanges have come online in the past three years.

Posted 02/02/2001Internet RetailerPost a comment

Merchant closeouts go cyber

It’s an idea ready-made for the Web: an Internet marketplace for manufacturers and retailers to trade excess inventory. Launched in February, RetailExchange.com, a spinoff of 75-year-old Gordon Brothers of New York, hosts more than $100 million in retail goods. Investors love the concept: The company recently drew $8 million in second-round financing. “This has huge potential for the retail industry,” says Matt Sanders, associate analyst at...

Posted 12/26/2000Don DavisPost a comment