Street Fight Daily: Mobile Soars in Q1, Nokia’s Shopping Spree Continues
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Nearly $12B In Q1 Ad Revs, Mobile Likely Above 20 Percent (MarketingLand)… Nokia’s Here Buys Medio Systems To Push More Personalised Location Services (TechCrunch)… GoDaddy Financial Metrics Flatter Ahead of IPO (Financial Times)…
Street Fight Daily: Google Simplifies SMB Tools, Handbook Raises $30M
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Google Streamlines Its Tools for Small Businesses (New York Times)… On-Demand Home Services Startup Handybook Raises $30M From Steve Case’s Revolution Growth (TechCrunch)… CBS to Sell CBS Outdoor Stake, Paving Way for Expansion at Outdoor Company (AdAge)…
The Commerce Graph: Some Thoughts on the Future of Physical Exchange
The “Commerce Graph” is a new framework we have developed to think about the future of physical exchange. The model offers an alternative to the dominant narrative about the commerce landscape that frames digital networks as an adversary of physical exchange — a force that will inevitably drive us to buy and sell nearly everything virtually…
Street Fight Daily: Amazon Plans Local Marketplace, RadioShack’s Losses Deepen
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Amazon Plans Local Services Marketplace This Year (Reuters)… RadioShack Draws on Credit Line as Losses Deepen (Wall Street Journal)… Google to Buy Skybox Imaging for $500 Million (New York Times)…
Placed Raises $10M to Help Mobile Advertisers Ditch Clicks
A hedge fund has led a $10 million series B investment in Placed, a location analytics firm that uses Nielsen-like panels to help advertisers measure the effectiveness of advertising in the physical world. The funding highlights the growing demand by stakeholders in the mobile marketing industry to move beyond the click-through-rate by measuring the performance of digital advertising offline…
JiWire Rebrands as NinthDecimal to Focus on Data Business
JiWire has rebranded as NinthDecimal as it looks to compete in an increasingly crowded mobile advertising technology sector by highlighting its data business. The move underscores the importance of consumer data in the way advertisers buy audiences online, and subsequent decline of media as the currency of online advertising…
Caterina Fake: The ‘Finding a Restaurant in This Town’ Problem Has Been Solved
During a fireside chat at Street Fight Summit West on Tuesday, the co-founder of Flickr told Jeff Bercovici that the restaurant discovery problem — a hobby horse of local tech of the past few years — has effectively been solved. Earlier this year, Fake released her newest venture to the world in Findery, a service that allows users to share content, or “notes” about places across the world…
At Mindbody, a Lesson in Focus
After a decade with little outside capital, MindBody has raised over $110 million dollars in the past four years to compete with the likes of Square and a deluge of smaller entrants. Street Fight recently caught up with the company’s founder Rick Stollmeyer to talk about the blurring line between marketing and operations, and what the explosion of local technology today spells for small businesses tomorrow…
Bonobos, an Ecommerce Darling, Finds an Edge in Brick-and-Mortar
Last year, Bonobos, the upstart apparel brand that exploded selling pants to young professionals online, did something that seemed counterintuitive: it opened a physical store. Street Fight caught up with Erin Ersenkal, VP of Guide Shops and planning at Bonobos, to discuss the thinking behind the move into brick-and-mortar retail, the benefit of a showroom approach, and the value of a physical presence in building a new brand…
Why Airbnb Is Interested in Local Search
Over the past few years, Airbnb has quietly pushed to bring the sense of authenticity implicit in apartment sharing beyond the walls of the host’s home. Street Fight recently caught up with Lenny Rachitsky, a product manager at Airbnb and previously the founder of Localmind, to talk about the role of local discovery in Airbnb’s product…
Watch Out Yelp and Foursquare — Facebook Starts Flexing Its Local Muscles Again
During a presentation at Internet Week in New York on Thursday, Justin Moore, an engineering manager at Facebook, offered a full-throated pitch for the company’s local data initiatives. Moore, a former Foursquare engineer who joined Facebook in early 2012, says a team in the company’s New York office has spent the past two years turning the 32 billion pieces of location-tagged content, which have been created on the social network, into a sprawling database of places that spans the globe…
Consumers Are Using Cash Less — And That’s a Good Sign for Digital Marketers
A report by Javelin Research found that in-store cash sales in the U.S. dropped from $874 billion in 2012 to $788 million last year — a 10% decline. Over the next five years, the report projects that consumers will spend $100 billion less with cash, opting instead to pay using credit and debit cards as well as still-nascent mobile payment systems…
Conference Notebook: Mobile Commerce Without the Wallet
During a conversation at the M1 Summit in New York Tuesday, American Express’s CEO Kenneth Chenault attributed the recent failure of some of the most-hyped mobile payments products to a lack of focus and an inability for these services to equal the established ease of the credit card. But he remained confident that a fundamental transformation in the payments industry was still underway…
Street Fight Daily: Investors Bet on Marketplaces, Direct Response Dominates
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Local Services Marketplace Thumbtack Raises $30 Million (TechCrunch)… Direct-Response Tactics Take Majority of US Marketers’ Budgets (AdAge)… Marketers Get On Board the Offline-to-Online Data Train (AdAge)…
At Westfield Labs, Rethinking Retail One Mall at a Time
In 2012, the Westfield Group, one of the largest owners of indoor malls in the world, opened Westfield Labs, a division tasked with developing technology to improve the retail experience. Street Fight recently caught up with Nicholas Cabrera, the division’s SVP of product development, to talk about the role of technology in the physical shopping experience…
Street Fight Daily: Groupon Goes After Square, Apple’s New Retail Plan
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology… Groupon to Replace Nearly All of Its Merchants’ Cash Registers With iPads (Recode)… Angela Ahrendts’ Plan for the Future of Apple Retail: China Emphasis, Mobile Payments, Revamped Experience (9to5 Mac)… PubMatic Acquires Mobile Ad Server Mocean Mobile (Adage)…
Study: Rampant Data Fraud Poses a Threat to the Mobile Advertising Industry
According to a new report, roughly two-thirds of the location data which mobile publishers pass on to advertising exchanges, and eventually to marketers, is inaccurate. The report, released by Thinknear, the mobile advertising wing of Telenav, found that of the 67% of mobile advertising impressions, which include a latitude-longitude data, only a third can accurately predict the location of a user down to 100 meters…
For Small Businesses, A Reprieve After Decades of Retreat
Earlier this week, the National Federation of Independent Business announced that its small business confidence index rose 1.8 points to 95.2 in April, the highest reading since October 2007. With small business week coming to a close, small businesses are certainly better off today than they were a decade ago…
Report: Mobile Will Account for Half of Social Advertising Revenue by 2017
Mobile is poised to account for a majority of spending on social media advertising in the U.S. by 2017, eclipsing spending on desktop a year later, according to report from BIA/Kelsey released this morning. The research firm estimates that spending on social advertising in the U.S. will nearly triple over the next five years, swelling from $5.1 billion last year to $15 billion by 2018. In 2017, the firms expects that marketers will spend $6.7 billion — or half of all social media advertising revenues — on mobile ad formats.
Two Years After Pulling Back, Gilt City Moves Ahead
Following a retrenchment, Gilt City is growing again. Street Fight caught up with Steven Schneider, the president and general manager at the local shopping site, to talk about the evolution of local commerce, the business of curation, and the changing relationship between ecommerce and brick-and-mortar marketplaces for retailers…