China's e-commerce market is larger than any other country's in the world - it represents almost a half of e-commerce sales worldwide. While US retailers on Amazon are starting to feel the competition of Chinese competitors, the question is how is this competition going to go the other way.
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Today Etsy reported Q4 2016 and full year results and all the numbers look great. Sellers sold $2.8 billion worth of products, up by 19.0% from a year ago.
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Insights for Sellers is the latest addition to Marketplace Pulse. We want to help you sell better. We have been collecting billions of data points since our inception, and this is our way to share it with you.
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Back in December we wrote an article on the rise of fraudulent sellers on Amazon. This was causing so much frustration that even Forbes picked up on our findings and wrote an article Amazon Scams On The Rise In 2017 As Fraudulent Sellers Run Amok And Profit Big. We are happy to report that Amazon has been making some changes and have improved the situation.
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Last week The Census Bureau of the Department of Commerce reported 2016 US e-commerce results. Sales have grown by $53.16 billion in a year. Out of that, 55% were generated on Amazon.
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In the 2016 Q4 earnings report published today Walmart reported promising results for Walmart e-commerce. The 29% growth reported today is the highest in 3 years since 2013 Q4. Walmart also confirmed that there are now more than 35 million SKUs on Walmart.com.
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Today The Census Bureau of the Department of Commerce reported quarterly results for US E-Commerce 2016 Q4. E-commerce sales were $102.67 million, up by 14.3% from the year before.
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We are continuing to research brands - recently we were able to build a reliable way to detect private label brands. Thus this time we are sharing top 25 brands based on reviews who enjoy the luxury of having no competition.
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eBay Q4 sales were up 5% YoY, but overall US ecommerce is growing at 15%. The key metric to notice is that auctions are now only 13% of total sales. In 10 years eBay went from being a primarily auction website, to a instant-buy platform.
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There has been an article titled "A Growth Plan for eBay: Buy Etsy" circulating, which is quoting an analyst from Monness, Crespi, Hardt & Co. to have said that eBay should consider acquiring Etsy as a strategy for growth. The combined could company would have a larger product offering, and thus improve Ebay's chances in competition with Amazon. We think this is flawed idea.
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