mrktplcs 05 Oct 2020

Cazoo, the UK used car #marketplace app has raised £240m investment and the company is now valued at over £2 billion (or over $2.5 billion), double its previous valuation. (TechCrunch)

Inspiring #ecommerce case study: “In its fifth month since launch, carmats.co.uk achieved 3,157 orders, at an average order value of £36.64, meaning £115,667 in sales, and has been profitable since month 2.” (EcommerceGuide)

Turkish marketplace company #trendyol (Trendyol Group) has plans to expand in Europe, including the #UK, #Italy, and #Spain. (Ecommerce News)

Retailers are taking on #amazonprimeday with their own sales in Oct. https://www.digitalcommerce360.com/2020/10/05/retailers-counter-prime-day-with-their-own-sales/ (Digital Ecommerce 360)

#Amazon merchants might want to check out learning event Amafest this Thurs. (Amafest)

#marketplaces

mrktplcs: 29 Sept 2020

The temporary eBay pandemic protection for sellers regarding delivery metrics is to be lifted for sellers in the #USA. (Ecommercebytes)

#Amazon is reported to have developed a way to pay with your hand. Let’s hope its’s machete proof. (ZDNet)

Dramatic changes to how #AmazonFBA operates for #UK merchants come with #Brexit. “From the 1st of January 2021, Amazon will cease moving inventory across the UK/EU border. This means for some, make sure you have sufficient inventory in EU FCs to cover any period where you may find it difficult to replenish stock until any new customs and shipping arrangements become clear.” (Tamebay)

Upcoming #Amazon learning event #Amafest might be a useful source of expertise to deal with the #FBA problem. Brought to you by Online Seller UK it’s in #Manchester on 8 October. (Amafest)

Niche #marketplaces. Second hand clothing #marketplace #Poshmark has filed for #IPO. (pymnts)

mrktplcs: 13 Aug 2020

A unicorn is a private business valued at more than $1bn, with several in the ecommerce and marketplaces space including Wish, Coupang and Gauzi (each worth circa $10bn each). More here>> (EcommerceDB)

Italy was hit hard by the pandemic. In March, web traffic increased by 60% according to this ecommerce report. (Ecommerce Germany). 

USPS continues to struggle and that’s hitting ecommerce. Marnie Levine from eBay has made a statement on how it’s protecting marketplaces merchants. (eBay)

Amazon reports “remarkable growth” for the Delivery Service Partner (DSP) programme launched in 2018, with “more than 1,300 DSPs operating across the US, Canada, UK, Spain, and Germany who have created nearly 85,000 jobs”. (Post & Parcel)

If you want to start selling on Amazon Netherlands, here’s a webinar on the 18th to how to go Dutch. (Amazon)

mrktplcs: 6 Aug 2020

Yesterday’s Bigcommerce IPO went with a bang: BigCommerce Stock Closes 201% Above IPO Price. (Crunchbase). 

Rick Watson points out that in this ecommerce space there is room for a more than one winner. (Linkedin)

Etsy has reported staggeringly good Q2 results and, in part, the rush for face masks was crucial. (Verge)

Two snippets from eBay: it will be holding an online 25th Birthday “sellerbration” on 25th Sept. There’s branded swag if you sign up for the virtual event. (Sadly only for USA/CA.) (eBay)

eBay UK is building “a team of expert sellers over the coming months” to provid coaching and help other sellers become successful. (Limitless)

Amazon continues to have fulfillment issues and that’s frustrating merchants. (Modern Retail)

mrktplcs: 4 Aug 2020

Amazon will increase fees in the UK by 2% due to Digital Services Tax (DST) effective 1st Sept.

“We want to inform you that we will be increasing Referral fees, Fulfilment by Amazon (FBA) fees, monthly FBA storage fees and Multichannel Fulfilment (MCF) fees by 2% in the UK to reflect this additional cost.” (Amazon)

It just goes to show that any possible UK online sales tax will just get passed along the line to shoppers. Thanks Rishi!

#Facebook has launched a 12 week ecommerce accelerator scheme. (Techcrunch)

Lender to #marketplaces merchants #iwoca has made £100m of land during COVID. (pymnts)

Regulators have approved Amazon’s 16% stake in UK’s #Deliveroo. (FT)

Amazon Sweden is coming: it’s official. (Reuters)

mrktplcs: 3 Aug 20

Hyper local retail has been a COVID #marketplaces trend. And “neighborhood Facebook groups became havens for ultra-local businesses” (Modern Retail)

#etsy launches payments in 7 more countries with #adyen (Israel, Malaysia, Mexico, Morocco, South Africa, Turkey and the Philippines) (Etsy)

Two morsels on #fulfilment:

#Ecommerce shipment volume surges while on-time deliveries plummet” (DigitalCommerce360)

#Otto says that #returns are down due to #covid (EcommerceNews)

News on the Beast #Amazon:

10 #AmazonGo cashierless shop coming to the UK. A timely covid proof shopping experience (Retail Sector)

And #AMZ will launch 3k satellites to power the web. (Forbes)

mrktplcs: 29 July 2020

#McKinsey describes the 2020 boom in USA ecommerce and #marketplaces: “10 years growth in 90 days” (See image below) (McKinsey)

(The #eBay results are dealt with in a dedicated post by mrktplcs on (LinkedIN) here. (And on mrktplcs.com here.)

#Shopify had a huge second quarter. (Business Wire)

#Ecommerce growth in #Spain has gone wild in the time of #covid: Up 67% in Q2. (In Spanish). (Ecommerce News)

Digiday explores the expensive world of #Amazon Advertising. (Digiday)

#Avalara is holding a #VAT Voice session ‘Brexit Special tomorrow 30 July. You didn’t forget #Brexit, right?

mrktplcs 22 July 2020

Goldman Sachs predicts #ecommerce sales growth will accelerate in the next 3 years. (Pymnts)

Amazon has provided more info about Prime Day 2020, which usually lands in July and delayed by the virus. (With a huge boost to #ecommerce doesn’t need it so much.) It will go ahead, later in the year. The smart money likes the first week of October. In #India it’s confirmed for August 6 -7. (Techcrunch)

#Amazon is making big investments to expand in #Spain. (Amazon EU) https://www.aboutamazon.eu/press-release/amazon-to-create-2-000-new-permanent-jobs-in-spain-in-2020-total-workforce-will-reach-9-000-employees

(If you are generally interested in #ecommerce and #marketplaces in #Spain then Ronan Bardet is the best source of info. His latest newsletter is found here.

There is a trend towards new national #marketplaces emerging. In #Australia you can now get ready for the Buy Aussie marketplace. (Canberra Times)

mrktplcs: 16 July 2020

Big deal>> #Brexit impacts #AmazonFBA. UK sellers will no longer be able to use the EFN (European Fulfilment Network) or Pan-European FBA. Bad news but not surprising as uncertainty continues. (Esellercafe)

#Instagram launches its redesigned Shop, now powered by #Facebook Pay. (Techcrunch)

A new service from #Shipstation opens up #MercadoLibre and Latin America to merchants. (Post and Parcel)

#Walmart is now a strong second to #Amazon and growing faster than its rival. The company is embracing new strategies, partnerships, and infrastructure that have modernized its e-commerce platform and made it a more formidable rival to Amazon and direct-to-consumer sellers.” (Ecommerce Times)

#Payments system #Square has launched checkout service for websites. (Ecommerce Platforms)

Jobs: #eBay in London in the logistics team. (eBay Inc.)

#marketplaces #ecommerce

mrktplcs: 15 July 2020

For many #ebay merchants today is the deadline to sign up for the #adyen powered #payments replacement to #paypal. It is potentially a huge upheaval for sellers. (On #tamebay the comments make for interesting reading.) (Tamebay)

#Amazon will enforce FBA inventory limits beyond August. This will impact the delayed Amazon Prime Day expected on October 5th. (pymnts.com)

#Bigcommerce is going public. #IPO. (Techcrunch) They have also increased payment options available on the platform with an Adyen integration. (Ecommercebytes)

#Etsy has had ‘a good virus’. Modern Retail has a good summary. #covid19 (Modern Retail)

Carrier #Whistl predicts #brexit delivery delays.(Post and Parcel).

#EnterpriseNation has an Amazon ‘bootcamp’ for Food & Drink sellers coming up in August. (Enterprise Nation)