Amazon's Growth Persists Through Year of Pushback
In 2024, Amazon again had a record-breaking year despite growing criticism from workers, sellers, governments, and shoppers.
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                                In 2024, Amazon again had a record-breaking year despite growing criticism from workers, sellers, governments, and shoppers.
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                                TikTok Shop will sell roughly $8 billion in goods this year. It is set to get banned in January, along with the rest of TikTok. With it, social commerce will disappear, too.
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                                The seventh edition of the Year in Review report condenses the topics explored on Marketplace Pulse in 2024.
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                                Amazon Haul, Amazon's newly launched low-price section, had its biggest day on Black Friday, driven by an aggressive 50% storewide discount. However, stockouts slowed its momentum during the rest of the holiday weekend.
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                                If AI chat is the future of shopping, Perplexity just took the lead. And because it already integrates with Amazon, it has an infinite supply of products.
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                                Years ago, Jeff Bezos couldn’t imagine a customer saying “I love Amazon, but if only they could deliver my products a little more slowly.” Today, it launched a Shein and Temu competitor called Amazon Haul, which does precisely that.
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                                Amazon's AI shopping assistant, Rufus, is now making product suggestions. The problem is that it is often wrong.
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                                Amazon is producing record profits while investing more than ever before. It reported $22.6 billion in capital expenditures in the third quarter — a new high. It also reported $15.3 billion in net income, a new high, too.
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                                Amazon has outlined the requirements for its upcoming Low-Cost Store. It will sell unbranded low-priced items from its warehouses in China directly to shoppers in the U.S.
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                                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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