Amazon's Covid Bump Fades
Amazon's growth is slowing, but so has the overall e-commerce sector. Its sales are still in-line with the pre-pandemic trendline.
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Everything on Walmart Ships from Walmart
80-90% of search results on Walmart ship from its warehouses. Over the past few years, Walmart has pushed its third-party sellers to offload fulfillment to Walmart.
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Temu Is Most-Downloaded Shopping App in the US
Temu is the most-downloaded shopping app in the U.S. It is the latest shopping app, launched by China's Pinduoduo in early September to bring China-made goods to Western consumers.
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Amazon Launches in Belgium
Amazon launched in Belgium on October 18th. The marketplace is Amazon's tenth active marketplace in Europe and brings the total number of countries to 21.
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The World’s Top eBay Sellers
The largest eBay sellers have each sold tens of millions of items. And despite eBay struggling to grow over the past few years, those sellers still run massive businesses.
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Brooklyn is Still the Amazon Seller Capital
Most Amazon sellers are based in Brooklyn. The city has double the number of sellers as the second most common city, New York.
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Boom and Bust of Amazon Aggregators
Funding for Amazon aggregators is down over 80% in 2022. However, much of the previously committed capital is yet to be deployed. Thus, despite little new funding, acquisitions have not stopped.
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Amazon-Native Brand Hero Cosmetics Sells for $630M
Hero Cosmetics, an acne care brand born on Amazon, was acquired for $630 million this week. Hero launched on Amazon in 2017 with one SKU that has since become the #1 beauty product on Amazon.
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Amazon Seller Pharmapacks Files for Bankruptcy
Pharmapacks, one of the top Amazon sellers, filed for bankruptcy on Sunday. Despite annual sales exceeding $500 million, the business was unprofitable and failed to secure additional financing.
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Walmart Opens Third-Party Seller Floodgates
A lot more sellers are joining the Walmart marketplace after Walmart relaxed its strict approval requirements.
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