Announces Acquisition by Google

Rumors surfaced recently that Google was buying Those rumors have now been confirmed, as has announced the news on their site. Founder and CEO Munjal Shah writes:

Online Retail Spending Up 9%

Online retail spending in the U.S. reached $32.9 billion in the second quarter, up 9 percent over a year ago, according to a new report from comScore.

The growth rate represented the third consecutive quarter of positive year-over-year growth following a year of flat or negative growth rates.

"The second quarter’s continuation of the first quarter’s strong retail e-commerce growth rates is encouraging," said comScore chairman Gian Fulgoni.

Google Teams Up With PowerReviews

PowerReviews, a provider of customer reviews for retailers and brands, has partnered with Google to share "premium user generated" product review content from client sites.

Ratings and reviews will be displayed in Google search results, Google Product Search, and Google advertising programs.

Borders Launches Online Textbook Marketplace

Borders has launched a new "Textbook Marketplace" that allows users to buy and sell new and used textbooks.

The Marketplace features more than 1.4 million titles including a selection of used textbooks at a savings of up to 90 percent. Users can also earn cash via the site’s used textbook buyback option.

"College students spend nearly $1,000 each year on textbooks according to some estimates. That’s a sizable financial burden for students and families, especially in this challenging economic climate," said Borders CEO Mike Edwards.

Twitter Launches @earlybird Deals Feed

Twitter has introduced a new ecommerce feature called @earlybird which offers "special time-bound deals, sneak-peeks, and events."

"We partner with select advertisers and retweet offers that they have crafted only for the Twitter community," the company said.

DMA Sues Colorado Over Internet Sales Tax Law

The Direct Marketing Association (DMA) has filed a lawsuit in federal court against Colorado challenging the constitutionality of a new law that requires online retailers outside the state to collect sales tax information from customers and turn it over to the state’s Department of Revenue.

The DMA says the law constitutes an "unprecedented invasion of consumer privacy," and also unfairly discriminates against interstate commerce because the law is targeted at only out-of-state retailers.

Amazon Rolls Out Wheels Store said today it has launched its Wheels Store featuring over 10,000 wheels and nearly 4 million automotive parts and accessories.

Amazon’s Wheels Store features a wide range of brands including American Racing, Dip, Dale Earnhardt Jr., KMC, Mickey Thompson, Sacchi, Konig and Veloche.

Visitors looking for wheels will be able to use Amazon’s Automotive Part Finder, a search tool that helps them find the wheels to fit their specific year, make and model.

Ecommerce Spending Up 10 Percent In Q1

Although the stock market has still been moving up and (mostly) down in a disturbing manner this week, comScore’s provided evidence that the ecommerce market is healthy again.  According to comScore, ecommerce spending for the first quarter of this year was up ten percent on a year-over-year basis.

P&G Rolls Out Ecommerce Site

Proctor & Gamble officially introduced its new online shopping website today called the eStore after several months of testing with 5,000 consumers.

The eStore is owned and operated by ecommerce firm PFSweb and will feature a wide range of P&G brands including Tide, Pampers, Olay, CoverGirl, Swiffer and Febreze.

PeopleStyleWatch Partners With HauteLook On Online Shopping, a magazine website focused on celebrity style news and trends, has partnered with fashion and shopping website HauteLook.

Beginning today, editors will feature selected products from sales on HauteLook in a new "Daily Hot Picks" section on its website. Exclusive weekly incentives and discounts will be offered to PeopleStyleWatch shoppers. The site will also highlight a calendar of upcoming HauteLook sample sale events featuring popular brands such as BCBG, Mike & Chris, and Kiehl’s.