US e-commerce reached market share levels it would have only gotten to in 2022. According to the Department of Commerce, e-commerce represented 13.4% of total retail spending in Q1 2021. Before the pandemic, it was expected to be 12.3%.
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Amazon has suspended over a dozen Chinese sellers for participating in fake review schemes. The list includes Mpow and Aukey, two of the biggest electronics Amazon-native brands out of China. The total sales by the suspended sellers eclipses $1 billion.
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Amazon Marketplace grew 60% in the first quarter of 2021, the fastest in at least five years since the company started reporting third-party seller services revenue.
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For most consumers, Amazon has been back to normal for a while. However, behind the scenes, for the sellers and brands that sell on Amazon, Amazon’s fulfillment operations have remained disrupted.
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Walmarts wants most of its shoppers to be Walmart+ members. It is aggressively pushing free shipping, the membership's core benefit. While also trying to increase free two-day shipping selection by nudging sellers to use WFS.
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Etsy added nearly three million sellers over the past twelve months, more than double compared to the previous period. It started 2020 with less than seven million sellers and now has ten million. The number of sellers joining the marketplace is still accelerating, continuing the growth spurt started by the pandemic.
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Firms acquiring successful brands on Amazon have attracted over $3.5 billion in capital over the past twelve months. $2.5 billion of that was raised in just the first four months of 2021.
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Sellers on Amazon can no longer access their customer information like the full name and address, let alone contact them. On April 8th, Amazon removed customer details from the last report.
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A year ago, Shopify launched a consumer shopping app called Shop. Many called it a step towards a marketplace. However, despite being downloaded tens of millions of times, Shopify didn't implement any marketplace features.
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Amazon's app is in the top 20 most-downloaded shopping apps on the iPhone app store in nearly thirty countries in Europe, despite having launched in only nine of them. Yet, it is a market leader in just a few.
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