eBay to launch fashion magazine
San Jose, Calif. eBay plans to launch an online magazine called The Inside Source that will discuss fashion trends and the trendiest items for sale on the site, according to The New York Times.
The online magazine is aimed for the shopper “who is sophisticated, has a sensibility about fashion and lifestyle and may be familiar with eBay but maybe not the full extent of everything it has to offer,” said Meredith Barnett, the site’s editorial director.
Although people still think of eBay as an auction site, more than half of its goods are now sold at fixed prices, Barnett told The New York Times. Consumers also tend to think of it as a site for used goods, even though it sells a lot of new, overstock and upscale merchandise, she added.
eBay obtains a lot of data from watching what its 88 million users search for and buy and the magazine will highlight those trends, the report said.
Target denies rumors of India unit sell-off
MINNEAPOLIS Target announced that it has no intentions to sell its captive center in Bangalore, India. The center employs about 2,100 people.
“Our captive center in Bangalore continues to be an important part of our long-term strategy and is highly integrated with our work and team in Minneapolis,” said Gregg Steinhafel, chairman, president and chief executive officer of Target. “We remain firmly committed to this Target team and are proud of the work they do. Recent rumors about a sale are ridiculous speculation.”
Turkeys and electronics, latest deals from Walmart
BENTONVILLE, Ark. Walmart’s latest holiday price cuts focus on Thanksgiving dinner and popular electronics.
Beginning Nov. 4, Walmart will feature select 12-pound turkeys for less than $5.
“We’re proving that we’re committed to helping moms afford the holidays in these tough economic times,” said Jack Sinclair, EVPgroceries, Walmart. “That’s why we’re offering incredible pricing on the turkey and all the fixings.”
Along with the $5 turkey, Walmart’s $20 Thanksgiving menu features three 11 to 15.5-ounce cans Green Giant vegetable, two 14-ounce cans Ocean Spray cranberry sauce, three 6-ounce boxes of Stove Top stuffing, one 5-pound bag of red potatoes, one 12-count package of Sara Lee dinner rolls and one 22-ounce pumpkin roll cake.
From Nov. 7 through Nov. 13, Walmart is offering deals on top electronics, including an HP Notebook for $298, a Panasonic 46-inch plasma HDTV for $788 and a Sony Blu-Ray player for $148.
“Each holiday season we focus on delivering a better price on quality entertainment and electronics, and this season is no different,” said Gary Severson, SVP entertainment for Walmart.