Computer financing company RentSmart has reshuffled its company structure following its recent capital injection.
RentSmart's managing director Ned Montarello released a 35 per cent shareholding to investors to help fund the next phase of the company's growth. Online business developer Xpedior managing director Kevin Morgan has been appointed to RentSmart's board, along with solicitors Freehills partner Steven Penglis, who will take on the role of chairman. RentSmart's financial controller David Sandler is the new company secretary.
RentSmart operates a national call centre offering finance options to computer retailers throughout Australia.buy.com takes first placeHot on the heels of buy.com closing in Australia, the US online electronics retailer has surpassed Amazon.com, Best Buy and Egghead.com for the first time as the most popular online buying destination for consumers, according to the PowerRankings released last week by Forrester Research.
The e-tailer reported last month it had shut its Australian site down to concentrate on its US operations.
Forrester conducted online surveys of 20,000 consumers who identified the most recent e-commerce sites they purchased from and rated their experiences.
Amazon.com site crashes twice in a week
The Web site of online retailer Amazon.com crashed twice in one week late last month, falling victim to what the company has called an internal bug.
The site first crashed on November 24 for about 30 minutes on the busiest day of the year for US shoppers. On November 30, it went down for about 15 minutes. A spokeswoman for the company said the problem wasn't the result of the site's inability to handle increased Web traffic.
Woolies takes bigger share of the GrocerWoolworths has upped its stake in e-tailer GreenGrocer.com.au to further develop its online capabilities. The retailing giant will invest $12 million for a 26 per cent share of the privately owned company. GreenGrocer's management or staff will not change and the company will begin to expand its product line, beginning in the second half of 2001.
Woolworths is currently trialling its Homeshop in Sydney and Canberra. CEO Roger Corbett said the alliance would bring together two clicks and bricks retailers and would add to the value of both companies.