best buy – Steve Blum's Blog

Mobile could claim half of online spending in 2013

2 December 2012 by Steve Blum
best buy, business, mobile, mobile broadband, mobile commerce, retailing, Wireless Communications Alliance

“Fifty percent of e-commerce happens on mobile devices in 2013,” said Scott Raney, a partner at Redpoint Ventures, when asked to go out on a limb and predict next year’s big surprise in mobile telecoms at the annual Wireless Communications Alliance’s venture capital evening. His fellow panelist didn’t cut off the limb, though. Quite the contrary.

“A large e-commerce player will get to 50% in 2013,” said Kevin Talbot, co-founder and managing partner of Relay Ventures.… More

Recession Can't Hurt Consumer Electronics Retailers. They're Already Dead.

31 December 2008 by Steve Blum
apple computer, best buy, CES2019, circuit city, consumer electronics, consumer electronics retailing, macworld, retailing, showstoppers, superstores

21st Century retailing will be governed by a new Iron Triangle:

Consumer information.
Volume selling.
Physical presence.

Online retailers have inexhaustible information and limitless volume. Consumers save time and money.

Big box retailers have as much volume, and a physical presence that allows consumers to touch and feel products however they choose, and have the instant gratification of an on-the-spot purchase. Customers stay in control.

Manufacturers can sit back and enjoy the ride, or they can build the value of their brands by combining their ultimate control of information with a physical and/or virtual presence that promotes a direct personal relationship with consumers.… More