In August the list of fastest growing sellers was quite eclectic - we couldn't find a singular theme. audiocityusa has been operating in La Puente, California since 1989, but over the last month their eBay presence has exploded in growth. They have over 8,000 different after market car wheels in stock.
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The story in August was back to school buying. Many of the top sellers were selling books or various school supplies. There were so many books being bought that even the large sellers like Jenson Books Inc, who are consistently in the TOP 10, were able to increase their sales considerably. A unique seller in this list was Assurant Solutions, they sell protection plans for electronics, office products and computers purchased on Amazon.
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Over the last month we noticed a rise in Amazon Marketplace sellers created for one purpose only - to scam people. All of them list a lot of products, have great prices, but as the orders start rolling it customers quickly realize that their products are not coming. For example Redline Street Performance this week started getting a lot of traffic and it only took us a moment to realize it's one of the offending sellers. They already have 420 negative reviews at the time of writing, and of course by now Amazon has suspended their selling, but that's at least 400 upset customers.
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We are going to be at the Retail Global ecommerce conference in Las Vegas on September 20th-22nd. The speakers we are most excited to see are Jason Trichel, Head of US Global Sales and Business Development at Amazon and Stacie Sefton, Co-Founder & CEO of BHFO, one of the top eBay sellers.
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Walmart on Thursday reported Q2 2016 earnings beating market expectations. Ecommerce sales (gross merchandise volume) grew by 13%, well above the last three quarters' growth rate. Walmart was struggling to grow their ecommerce sales - in Q1 2016 ecommerce sales grew by only 7%.
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We are very excited to include Etsy, the marketplace for hand-crafted and artisan goods. We have been monitoring Etsy for a couple of weeks and have a lot of interesting research planned for the upcoming months. Out of the 3,721,683 sellers on Etsy we found 586,740 sellers with at least one review in a year. Etsy is an international marketplace so a lot of those sellers are based all over the globe.
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Today Walmart made the biggest move yet in a bid to compete with Amazon by acquiring Jet.com. Jet.com has been online for a little over a year since July 2015. Jet.com founding team included Marc Lore, who had previously founded Quidsi, the umbrella company for Daipers.com, Soap.com and BeautyBar.com, and then sold the company to Amazon for $545 million in 2010.
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Since 2009 when the marketplace launched until 2016 May only 500 sellers were approved to sell. Then in three months that number has grown to 1,000 sellers. And now in just a month it has doubled to 2,000. At this pace we expect Walmart to be adding at least 1,000 new sellers every month.
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With staggering 22792.00% growth in a month comc_consignment came from nowhere and managed to become one of the top sellers on eBay months after joining it. Located in Redmond, Washington, COMC (Check out My Cards) sells various sports memorabilia products like baseball cards. They also run their own website at www.comc.com and have been in business since 2005. Perfect example of how well eBay works for niche products.
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July had the biggest day in Amazon's history - 2016 Prime Day. Amazon reported that 49% of all sales were handled by marketplace sellers in 2016 Q2. Down the list you will also find AnkerDirect, one of the TOP 10 Amazon sellers. Surprisingly they were able to grow over 30% in July, which is rare for a seller of their size. We are guessing Prime Day was a big factor for this.
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