/ E-Retailers

Ice.com on course to grow sales 50% this year

Jewelry e-retailer Ice.com is on course to boost sales by about 50% year-over-year to about $50 million this year, co-founder and executive vice president Pinny Gniwisch says.

Posted 11/21/2006Mark BrohanPost a comment

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/ Marketing

Ice.com heats up plans for webcasting

After a delay while it integrated its acquisition of Diamond.com, Ice.com now expects to launch an online video initiative within 45 days. The webcasts will talk about various aspects of buying and caring for jewelry and the site’s top items of the week.

Posted 11/08/2006Mark BrohanPost a comment

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/ E-Retailers

GSI Commerce’s online sales jump 84% year-over-year in Q3

Merchandise sales through GSI Commerce Inc.’s e-commerce platform rose 84% to $233 million in the third quarter ended Sept. 30 from $126.6 million a year earlier, the company reported today.

Posted 10/26/2006Kurt PetersPost a comment

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Hot ice: E-retailer keeps the heat on site while rebuilding acquisition

Four months after it acquired Diamond.com, Ice.com is preparing to launch its competitor anew with an entirely different design and platform. Ice.com will maintain Diamond.com as a stand-alone site targeted at a different audience.

Posted 09/06/2006Mark BrohanPost a comment

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/ E-Retailers

Q2 web sales drop 62% for timepiece and gifts retailer Odimo

Having sold off Diamond.com to Ice.com in May, e-commerce sales for Odimo Inc. dropped 61.7% in the second quarter to $4.4 million from $11.5 million in the second quarter of 2005, Odimo says. The company also posted net income of $3.6 million.

Posted 08/23/2006Mark BrohanPost a comment

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/ E-Retailers

Odimo Q1 2006 financials see a sharp drop

The e-retailer of watches and gifts posted a first-quarter net loss of $3.8 million on total sales of $10.4 million compared with a net loss of $2.7 million on total revenue of $12.8 million in Q1 2005, as total orders declined 18%.

Posted 05/17/2006Bill BriggsPost a comment

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Ice.com buys competitor Diamond.com

Online jeweler Ice.com has purchased Diamond.com from Odimo Inc. for $9.5 million, the companies report. Ice.com paid $7.5 million for the domain name, copyright and other intangibles and $2 million for inventory and packaging.

Posted 05/12/2006Kurt PetersPost a comment

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/ E-Retailers

GSI Commerce’s online sales rise 40% in Q1 from year ago

Merchandise sales in the first quarter reached $191 million through GSI Commerce’s e-commerce platform, an increase of 40% over the first quarter of 2005. Q1 revenue totaled $114.2 million, up 25%.

Posted 04/27/2006Kurt PetersPost a comment

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