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Amazon just named its long-serving consumer business executive Doug Herrington as the new CEO of its consumer business. Experts say Herrington will bring a significant new focus to Amazon's under-penetrated retail categories like its grocery business.
Online clothing reseller ThredUp is urging customers to boycott fast-fashion giant Shein’s latest pop-up shop with a text and social campaign aimed at diverting sales to its secondhand marketplace.
Even as the cryptocurrency market is headed for a downturn, established e-commerce platforms are starting to more seriously integrate non-fungible tokens, or NFTs, into their platforms. On June 22, eBay acquired NFT marketplace KnownOrigin for an undisclosed sum, signaling the e-commerce giant has larger ambitions for the world of blockchain technology and digital collectibles.
As concerns about a looming recession grow louder, Amazon merchants are carefully tracking how consumer behavior is changing, even as experts noted that, Amazon will likely keep things manageable for sellers.
As more people return to stores, Shopify will help its merchants grow offline sales with new features that range from tap to pay to leveraging local commerce through a partnership with Google.
This week, Insider reported that Microsoft has discreetly launched a new feature called Buy Direct, with a few hundred online merchants in the U.S., including lesser-known brands like Yamay, Encolax and Nachen among others. Buy Direct allows people to buy products without having to go to another retailer's website -- essentially, turning Bing into a marketplace.
Amazon is hoping to attract high-income consumers and grow the number of brands it has on its Luxury Stores platform at a time when a massive recession is lurking in the backdrop. But analysts tracking the company remain divided on whether Amazon can crack the online luxury shopping segment.
As grocery delivery services struggle to extend the pandemic's demand, Instacart is looking for ways to better cater to its loyal users. This week, the company launched an overhauled version of its monthly membership plan -- focused on household discounts and perks.
Amidst a slowdown in core growth and rising inflation, experts believe that advertising revenue seems like the obvious choice to become Amazon’s next growth engine, given the gold mine of user data the company owns.
In a surprise move, this week The RealReal's founder and CEO stepped down from the company. Julie Wainwright's sudden departure, coupled with the 11-year-old company's growing pains, highlights the challenges of scaling luxury resale operations.
Last week, Amazon announced that its global consumer chief Dave Clark, who has been instrumental to Amazon's success in high-speed deliveries, is stepping down. Now, Amazon's new consumer CEO will have to reinvent the wheel to tackle dwindling growth.
This week, Apple announced its own buy now, pay later service as part of the upcoming version Apple Pay. Some expect the tech giant's entry into the category could spell further trouble for BNPL startups.
Acquco launched two new divisions in the company, Acquco Technology and Acquco Analytics, which would accelerate partner and company growth. As the Amazon Aggregator playing field grows more competitive, Acquco saw investments in in-house tech and analytics capabilities as a major differentiator.
Prime Day may be a month away, but third-party sellers are already mulling over their strategies for one of Amazon’s biggest sales events of the year. Unlike Prime Days in the past, sellers are currently grappling with several challenges, such as increased supply chain and labor costs, that could impact how they handle this year’s sales event
Gopuff is betting on freshly-prepared food to grow its rapid delivery service. The company’s newest division, Gopuff Kitchen first launched last July – and has since been tested in select markets. Through Kitchen, Gopuff has rolled out several branded dishes in collaboration with upstart food and beverage brands like Truff and Chamberlain Coffee.
Many retailers are working to find new ways to cut down on waste and run more efficiently -- and some are betting more advanced technology will help along the way. Urban Outfitters' Nuuly, for example, is now using Google Cloud to help its sustainability tracking.
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