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%.
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.
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.
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.
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.