MasterCard’s SpendingPulse recently reported that the 34% decline in sales of luxury items was the highest year-on-year decline of any retail category during the holiday season and that the reduction was led by falling jewelry sales. In such conditions, it is not surprising that Blue Nile (NILE) recently announced a lackluster Q4 performance.
I have written a few pieces on recommendation systems that help sites personalize their offerings. As you know, my thesis on Web 3.0 heavily centers around personalization. In this installment of the Deal Radar, we will be looking at yet another recommendation technology company.