Target and Shopify Teaming Up Didn’t Boost Marketplace
Four months after Target and Shopify teamed up to expand Target's third-party marketplace, it didn't make much progress. Target's invite-only marketplace has only added 500 new sellers this year.
Amazon Laid the Brandless Foundation for Temu
Amazon taught shoppers to look past brand names, laying the foundation for the rapid growth of Temu. It made buying no-name products the norm, and Temu is now selling them for less.
TikTok Shop's First Year in the US
TikTok Shop launched in the U.S. twelve months ago and sold billions worth of goods since. However, the things selling on TikTok and how they become top sellers is counterintuitive.
Amazon Is Shipping 70% More Off-Amazon Orders
Amazon's 3PL business has shipped 70% more orders for sales channels like TikTok so far this year. Its business shipping goods for off-Amazon orders is growing faster than on-Amazon sales.
Temu Now Ranks as World's No. 2 E-Commerce Site
Two years after its launch, Temu overtook eBay to become the world's 2nd most visited e-commerce website.
Walmart Marketplace Grows 50% in One Year
Walmart's marketplace reached 150,000 active sellers as new sellers joining the platform continue to accelerate, attracted by growing GMV.
66% of Walmart Sellers Use Its Fulfillment Service
Two-thirds of top Walmart marketplace sellers use WFS, a fulfillment service Walmart launched less than five years ago.
Temu Starts Recruiting U.S. Brands
Temu has started onboarding U.S. and European brands to its marketplace. Its challenge is that most brands don't want to be in the same shopping cart with Temu.
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