We are going to be at the Retail Global ecommerce conference in Las Vegas on September 20th-22nd. The speakers we are most excited to see are Jason Trichel, Head of US Global Sales and Business Development at Amazon and Stacie Sefton, Co-Founder & CEO of BHFO, one of the top eBay sellers.
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Walmart on Thursday reported Q2 2016 earnings beating market expectations. Ecommerce sales (gross merchandise volume) grew by 13%, well above the last three quarters' growth rate. Walmart was struggling to grow their ecommerce sales - in Q1 2016 ecommerce sales grew by only 7%.
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We are very excited to include Etsy, the marketplace for hand-crafted and artisan goods. We have been monitoring Etsy for a couple of weeks and have a lot of interesting research planned for the upcoming months. Out of the 3,721,683 sellers on Etsy we found 586,740 sellers with at least one review in a year. Etsy is an international marketplace so a lot of those sellers are based all over the globe.
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Today Walmart made the biggest move yet in a bid to compete with Amazon by acquiring Jet.com. Jet.com has been online for a little over a year since July 2015. Jet.com founding team included Marc Lore, who had previously founded Quidsi, the umbrella company for Daipers.com, Soap.com and BeautyBar.com, and then sold the company to Amazon for $545 million in 2010.
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Since 2009 when the marketplace launched until 2016 May only 500 sellers were approved to sell. Then in three months that number has grown to 1,000 sellers. And now in just a month it has doubled to 2,000. At this pace we expect Walmart to be adding at least 1,000 new sellers every month.
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With staggering 22792.00% growth in a month comc_consignment came from nowhere and managed to become one of the top sellers on eBay months after joining it. Located in Redmond, Washington, COMC (Check out My Cards) sells various sports memorabilia products like baseball cards. They also run their own website at www.comc.com and have been in business since 2005. Perfect example of how well eBay works for niche products.
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July had the biggest day in Amazon's history - 2016 Prime Day. Amazon reported that 49% of all sales were handled by marketplace sellers in 2016 Q2. Down the list you will also find AnkerDirect, one of the TOP 10 Amazon sellers. Surprisingly they were able to grow over 30% in July, which is rare for a seller of their size. We are guessing Prime Day was a big factor for this.
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After trading closed today Amazon announced second quarter results. Amazon beat expectations on both top and bottom line. We were very happy to read that marketplace sellers continue to do very well. 49% of all sales on Amazon were done by marketplace sellers. We can only expect that number to finally reach 50% by the end of the year.
Read moreeBay reported its Q2 2016 earnings today. Marketplaces delivered $19.8 billion in gross merchandise volume (GMV), up by 5%, and $1.8 billion of revenue, up by 3%. eBay higlighted the fact that eBay.com and other marketplaces have over 1 billion live listings for the first time. In Q1 there was 900 million active listings, so the products' catalog has grown by 11% in just three months. Given how the big the catalog was to start with, that's a very impressive growth rate.
Read moreExploding Kittens, a marketplace seller with only 3 products in stock, had one of the biggest hits on Prime Day. While Amazon has sold a lot of Fire TV and Kindle products, out of the Top 20 products sold on Prime Day, Exploding Kittens: A Card Game About Kittens and Explosions and Sometimes Goats is the interesting one.
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