Indigo, the majority shareholder in Kobo, announced today that it has agreed to sell Kobo Inc. to Rakuten, Japan's
biggest online shopping mall operator, for US$ 315 million.
Also, to fit its intended role of an e-book reading device, Panasonic has teamed up with Rakuten — one of
the biggest online shopping mall operator in Japan.
Not exact matches
Investors, it seems, are increasingly betting against the retail sector ahead of the
big shopping season on the assumption that U.S. consumers will continue to skip the
mall in favor of
shopping online.
Many of the costly
big - box stores and
shopping malls are losing customers and profits to
online sales.
Hi, I'm not a
big shopper because I hate going to the
mall, so I prefer doing
online shopping to buy a presents for my friends and family.
One example is
Mall Networks, which works with Chase and other banks to run an
online shopping site with more than 600 retailers that offer
big discounts.
On the one hand, if
online shopping can cut out individual car trips to the
mall (not to mention the need for gigantic, air conditioned
Big Box stores), then it stands to make the retail experience considerably more efficient.