Since the last email, Tesco direct folded. This puts not just close to 500 people’s job at risk, but numerous sellers will need to find a new way to make up for the loss of income.
UK retailers have reported the worst slump since 2008, so e-comm and cross-border are definitely helpful, but there are other alternatives — in the US, Kohl’s has decided to open up 81 of its stores for Amazon returns to leverage Amazon to drive foot traffic into its…
Amazon
You probably know the deets: Prime membership will go $99 -> $110, 3P unit mix up to 52%, global sellers represent 25% of that. Amazon loves third party sellers — the revenue from 3p seller services accounted for 18% of total sales…
Amazon is pushing for more products to have the add-on status, Prime users are not impressed. It is also developing a drone that will understand what you say (scary).
eBay
Germany has been doing really well economically (their joblessness is hitting record low while everyone else in Europe is struggling). The economical ease seem to translate into online buying prowess too. Get everyone to sell in Germany!
- Facebook Messenger is becoming more marketplace-y. Instagram has just added in-app payments feature. Both mean that Facebook is more serious about making money as a marketplace than ever before.
An extremely high-street and fast-fashion focused one, at that.
You play checkers, couldn’t beat me playin’ chess
ChannelAdvisor’s Catalyst EU happened last week! If you missed David Spritz’s keynote, here is the TameBay writeup. Amazon accounts for 4.2% of UK retail. Around 51% of millenials don’t care about brands and that’s why Amazon’s ~ 80 private labels are making a killing…