Best Buy mobile stores will all close by the end of May

Best Buy mobile stores - Image of Best Buy Store

The electronics retailer has decided to shut down all 250 of its American mobile shops. Best Buy mobile stores will be shutting down as of May 31, said the electronics retail giant. The company plans to close down all the 250 locations in the United States. This was not much of a shocking revelation to consumers who were used to seeing the tiny shops. Many of the Best Buy mobile stores are located in shopping malls. For shoppers who saw them regularly, the news may sound as though it is…

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M-commerce benefits from massive smartphone penetration in the Philippines

M-Commerce growth

Shopping over cell phones has become very appealing to a young and newly connected population. Although the highest rates of smartphone penetration remain in more developed markets such as Singapore, it is within other countries such as the Philippines and Thailand that m-commerce is growing at the fastest speed. Despite the fact that smartphone penetration is lower, mobile shopping is rising exceptionally quickly. According to online shopping service Lazada’s CEO and co-founder Inanc Balci, “We are starting from a lower base because mobile phone penetration in the Philippines is still…

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Mobile commerce may account for half of online sales by the end of this year

mobile commerce and NFC technology

Retailers are feeling the need to embrace mobile consumers more aggressively Retailers throughout the world have taken note of the promise that exists in the mobile space and many have begun making moves to be make themselves more attractive to consumers with mobile devices. Mobile commerce has once been considered a temporary phenomenon that would eventually lose momentum and become nothing more than a gimmick that consumers appreciate from time to time. Now, however, consumers have shown that they adore mobile commerce, and retailers are feeling the need to accommodate…

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OTI finalizes sale of SmartID division

NFC Technology mobile commerce

Mobile commerce firm closes sale of SmartID to SuperCom On Track Innovations (OTI), a leading developer of cashless payment technologies, has announced the successful sale of its SmartID division to SuperCom, a digital identity solutions provider. SmartID was sold for approximately $10 million and SuperCom is expected to continue the organization’s daily operations, taking on SmartID’s clients and ensuring they have access to the acquired organization’s services and products. SuperCom is also expected to take on SmartID’s employees, ensuring that those that had worked in the division previously are able…

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M-commerce at QVC rises by a massive 63 percent in the third quarter

M-Commerce growth

American web sales rose by 12 percent and now make up 41 percent of the total sales seen by the company. QVC has managed to establish itself as an m-commerce master, having ranked third in the 2014 Internet Retailer Mobile 500, with only Apple and Amazon ahead of its ranking. That said, the company is also continuing to grow its online consumer base over mobile. During this year’s third quarter, the American m-commerce figures from QVC saw sales rising by a whopping 63 percent. This now means that mobile represents…

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