mrktplcs: 6 Oct 2020

Meet Wakuda.  “New online marketplace for black businesses launches” (The Voice) “Wakuda is the brainchild of Albert Larter and Nathaniel Wade, both 29 years old, who founded the start-up after noticing a shift in focus to “black economics” as a way of supporting the black community following the resurgence of the Black Lives Matter movement.”  

UK Homewares retailer The Range is also launching a new 3P marketplace. (The Grocer)

#klarna is launching a marketplace? A shopping app? It’s a bit unclear. “The new Klarna app elevates the entire shopping experience, from start to finish by bringing together all the best aspects of shopping in one place, giving Klarna users a unique and personalised experience at their fingertips.” (FashionUnited)

What content do you want to see at #Ecommerce Expo #Berlin in Feb 2021? You can pitch and vote now. (EcommerceBerlin)

40 countries. “If you use #Linnworks for multi-channel ecommerce then you can now list on #Fruugo directly from within the Linnworks order management system. (Tamebay)

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: 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: 30 July 2020

Cross border ecommerce is a slightly surprising winner from the ongoing crisis. And interestingly the USA has seen a significant increase in international trade during May. (DigitalCommerce360)

Amazon Founder and CEO Jeff Bezos made a statement to Congress: “Third-party sales now account for approximately 60% of physical product sales on Amazon, and those sales are growing faster than Amazon’s own retail sales. We guessed that it wasn’t a zero sum game. And we were right—the whole pie did grow, third-party sellers did very well and are growing fast, and that has been great for customers and for Amazon.” Here’s the full text: (Amazon)

How important is Free Shipping for online buyers? It depends on country. And US shoppers like it a lot according to (EcommerceDB)

A question: will #BlackFriday be another victim of #COVID19? Here’s a survey of the situation: (Esellercafe)

The UK based Ecommerce Expo event is entirely virtual in 2020. In Sept and Oct.

mrktplcs: 28 July 2020

AmazonFresh (groceries) is now free in London to Prime customers (usually £4 extra) with expansion expected. (Gizmodo)

This pandemic isn’t over. eBay reintroduces seller protections in the USA recognising that fulfilment continues to be disrupted by COVID. (Ecommercebytes)

A timely reminder from Amazon US. They don’t like slow moving stock in #FBA and charge accordingly. Don’t waste money storing stock on FBA that isn’t moving. (Amazon)

(Tamebay) has written about Amazon stock efficiency tactics.

We’re gonna hear much more about Instagram as a marketplace. Here is some advice: 6 Instagram Marketing Tactics to Help Nurture Your Ecommerce Store. (MultichannelMerchant)

A new Bigcommerce and Klarna ebook (and webinar) looks at the ecommerce customer journey during and after COVID. (Klarna)

mrktplcs: 5 July 2020

(This piece was originally published here on LinkedIN on 5th July 2020 ruminating on a tourism and retail bailout that didn’t come to pass. It ended up manifesting itself, to a great extent as the “£10 Government Meal Deal”. Half price Sunak Suppers Monday to Wednesday in august 2020. Eat out to help out. Fnarr. Ahem.)

UK Chancellor Rishi Sunak is considering a scheme where every Brit will get some sort of stimulus cash. Maybe £500 for adults to spend in sectors hardest hit. https://lnkd.in/dmn7ziF

“Under the plans the vouchers could only be spent in certain sectors, such as hospitality and “face to face” retail, as opposed to online.” We could be talking about £30bn. 

The crucial aspect of this plan should be agnostic about how the money is spent rather than where. An estimated 85,000 businesses pivoted online in the lockdown. https://lnkd.in/d69pVGP

It reflects a concern I’ve had for some time that often online isn’t seen as an SME channel. Considering the likes #eBay#notonthehighstreet and #Etsy(even #amazon) they are home to thousands of SMEs. It would be an ironic outcome if the money could be spent at #Argos etc but not online SMEs. 

Platforms and marketplaces will need to be involved. If you want to stimulate tourism and culture, then you will want to include #eventbrite and #airbnb. (One thing that must be negotiated is an arrangement on fees.)

#ecommerce#mrktplcs#marketplaces