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: 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: 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