Tuesday News: Wal-Mart buys Jet.com, Women in Translation month, WTF NBC, and book/staircase
Wal-Mart to Acquire Jet.com for $3.3 Billion in Cash, Stock – In the largest acquisition of a US-based e-commerce startup, Wal-Mart is purchasing Jet.com with the hope of competing more effectively with Amazon. It is unclear how this deal will affect Walmart’s book inventory and sales, if at all. There are also questions about how the two businesses will manage under one corporation.
The deal marks a significant shift in how Wal-Mart approaches e-commerce. It first launched Walmart.com more than 15 years ago and has spent billions building up its own online operations. It has opened seven large-scale distribution centers in the U.S. to fulfill orders and hired hundreds of e-commerce staffers at offices in San Bruno, Calif. . . .
Until recently those efforts, however, have always come secondary to the core business of running thousands of sprawling stores around the globe. For example, former early employees say the e-commerce operations aimed to be profitable quickly, while Amazon’s leaders burned through cash to build sales.
Wal-Mart’s e-commerce sales last year reached nearly $14 billion, or 3% of its $482 billion in annual revenue. Amazon’s sales hit $107 billion last year, including its web-service business. – Wall Street Journal
Bookshops back Women in Translation campaign – UK bookstores are highlighting female-authored works in translation during the month of August. A good reminder that works by women and authors of color are still seriously underrepresented in mainstream publishing.
Bookshops and publishers are throwing their weight behind translated fiction by female authors this August, to highlight gender imbalances in translated literature and to mark Women in Translation Month.
The campaign, first launched by translator and blogger Meytal Radzinski in 2014, follows figures which have revealed that around a quarter (26%) of literature translated into English was written by women, with only four out of 13 titles in this year’s Man Booker International Prize shortlist originally written by female authors.
To attempt to counteract what the London Review Bookshop has called the “depressing” statistics, independent bookshops across the country have created displays and promotions to spotlight translated literature written by women, promoting the campaign on social media using the hashtags #womenintranslation and #WITmonth. – The Bookseller
NBC Blames Women for Late Olympics Broadcast, Extra Commercials – Wonder why the Olympics broadcast was delayed, and why there were so many damn commercials during the opening ceremony? Well get a load of this:
According to John Miller, NBC Olympics chief marketing officer, “The people who watch the Olympics are not particularly sports fans. More women watch the Games than men, and for the women, they’re less interested in the result and more interested in the journey. It’s sort of like the ultimate reality show and mini-series wrapped into one. And to tell the truth, it has been the complaint of a few sports writers. It has not been the complaint of the vast viewing public.” – New York Magazine
This book nerd painted her staircase to look like her favorite books – This needs to be a trend.
Pippa Branham of Liverpool, UK, decided to go all out with her love of books and paint her staircase with her and her husband’s preferred reads. . . .
“Our daughter was delighted and would chat with me about the different books asking what they were about,” says Pippa, who secretly hopes the stairs will fuel her daughter’s affection for literature when she gets older. – Mashable