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Study: Smartphone revenue grows 141% in Q3
Petaluma, Calif. -– Revenue coming from smartphones grew 141% year-over-year during the third quarter of fiscal 2014. According to a study from e-commerce platform provider Market Live, cultural shifts in shopping habits are revealing changes in traditional metrics; for example, mobile is creating a trend toward lower conversion rates and shorter time-on-site metrics caused by more shoppers researching products on their mobile phones and completing their purchases at a later time. -
Taxes hit Blue Nile income in Q3
Seattle –- A switch from an income tax benefit to income tax expense helped drive a reduction in net income at online jewelry retailer Blue Nile Inc. during the third quarter of fiscal 2014. Blue Nile reported net income of $1.65 million, down 43% year-over-year from $2.9 million. Net sales increased 7% to $105.8 million compared to $98.9 million. The company remains optimistic for the remainder of the year.

