Retail Is Still Boring
Retail works best when it is boring, and profitable. As much as there is innovation on how customers shop, and what products get made, at the end of the day it is about supply and demand.
Read moreRetail works best when it is boring, and profitable. As much as there is innovation on how customers shop, and what products get made, at the end of the day it is about supply and demand.
Read morePhysical goods are rarely made in the US. Often the country of origin is China. China has been exporting goods to the US for decades, but now Chinese manufacturers want to sell direct-to-consumer. Marketplaces like Amazon are a perfect avenue.
Read moreAfter much anticipation Amazon has quietly launched in Australia. This makes it the 13th marketplace. 24 hours after the launch the Amazon Australia marketplace has already grown to more than 2,000 sellers.
Read more"Cyber Monday 2017 was the biggest day ever for sellers on Amazon. From Thanksgiving to Monday, customers ordered nearly 140 million units from small businesses and entrepreneurs." - Jeff Wilke, CEO of Amazon Worldwide Consumer.
Read moreSingles Day shopping event in China, which happens every year on November 11th, is like no other shopping event. In fact, it is the largest shopping event in the world. Many times larger than the Black Friday and Cyber Monday combined are in the US.
Read moreIn 2017 Q3 Mercado Libre's Gross Merchandise Volume (GMV) for the first time surpassed the $3 billion mark, reaching $3,075.3 million dollars. Up by 50.7% from the same quarter a year before.
Read moreJeff Bezos, CEO of Amazon, became the richest person in the world after Amazon's Q3 results beat expectations sending the stock 7% higher in after-hours trading. Third-party sales continue to grow faster than Amazon's own retail.
Read moreAccording to new estimates from eMarketer, Amazon will own about 44 cents out of every e-commerce dollar spent in the US this year, up from 38 cents the previous year. What's interesting in this, outside of Amazon being the leader, is that that marketplaces are the biggest contributor to US e-commerce.
Read moreIn the last quarter PayPal transactions volume associated with eBay represented 13.5% of the total, compared to 16% last year, and 20% two years ago. Since the companies split in July 2015 the volume of transactions from eBay has increased, but PayPal has been able to grow in other areas beyond that.
Read moreeBay 2017 Q3 financial results were released last night. eBay marketplaces delivered $20.5 billion of GMV, up 8.5%, the fastest it's been in over three years. But the financial results are not as interesting as the long-term changes eBay is making to stay relevant.
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