Four months after Target and Shopify teamed up to expand Target's third-party marketplace, it didn't make much progress. Target's invite-only marketplace has only added 500 new sellers this year.
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Amazon taught shoppers to look past brand names, laying the foundation for the rapid growth of Temu. It made buying no-name products the norm, and Temu is now selling them for less.
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TikTok Shop launched in the U.S. twelve months ago and sold billions worth of goods since. However, the things selling on TikTok and how they become top sellers is counterintuitive.
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Amazon's 3PL business has shipped 70% more orders for sales channels like TikTok so far this year. Its business shipping goods for off-Amazon orders is growing faster than on-Amazon sales.
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Two years after its launch, Temu overtook eBay to become the world's 2nd most visited e-commerce website.
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Walmart's marketplace reached 150,000 active sellers as new sellers joining the platform continue to accelerate, attracted by growing GMV.
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Two-thirds of top Walmart marketplace sellers use WFS, a fulfillment service Walmart launched less than five years ago.
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Temu has started onboarding U.S. and European brands to its marketplace. Its challenge is that most brands don't want to be in the same shopping cart with Temu.
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E-commerce growth is slowing again, but not because shoppers are returning to physical stores. Online shopping accounted for 51 cents of every new dollar spent in retail.
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Amazon took advantage of tax laws that allowed online retailers to avoid collecting sales tax to create a pricing advantage. Now, Temu has a pricing advantage created by not paying customs duties and/or taxes.
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