TikTok Shop's First Year in the US
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 Is Shipping 70% More Off-Amazon Orders
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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Temu Now Ranks as World's No. 2 E-Commerce Site
Two years after its launch, Temu overtook eBay to become the world's 2nd most visited e-commerce website.
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Walmart Marketplace Grows 50% in One Year
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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66% of Walmart Sellers Use Its Fulfillment Service
Two-thirds of top Walmart marketplace sellers use WFS, a fulfillment service Walmart launched less than five years ago.
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Temu Starts Recruiting U.S. Brands
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 Alone Keeps Retail Sales Growing
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 Didn’t Pay Tax Then, Temu Doesn’t Now
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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Amazon Sells More Retail Ads Than Google
"As of 2023, Google estimates that Amazon's revenues are larger than Google's in retail advertising," according to Google's testimony in the DOJ vs. Google court ruling.
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Competition Made Amazon a Better Deal
Competition from Shein and Temu forced Amazon to lower fees, enabling sellers to lower prices, which, in turn, led to shoppers buying more items on Amazon.
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