Hi guys, are you ready for the upcoming weekend? This week, we come to you with eCommerce news from companies such as
亚马逊
,
塔吉特百货
,
沃尔玛
,
阿里巴巴集团
, and many more. Don’t forget to check out everything in detail on our website if you have an additional minute to spare. Without further ado, let’s dive into this week's eCommerce Retail Radar.
Amazon’s FBA Expansion
- Amazon's commitment to diversifying its marketplace led to the launch of the FBA New Selection program in 2019, designed to attract sellers with new products to the FBA service. But what does it mean for eCommerce sellers today?
- On March 1, 2024, Amazon announced significant enhancements to this program, notably lowering the Inventory Performance Index (IPI) score requirement from 400 to 300 and widening the program's accessibility. Amazon's ongoing updates, including reduced fees for the Vine review program, underscore its dedication to a vibrant, competitive marketplace for sellers and consumers.
Target to Compete with Amazon and Walmart
- Kicking off on April 7, Target’s new program, Target Circle 360, will revolutionize the shopping experience by providing unlimited free same-day delivery for orders over $35. It will also offer free two-day shipping on Target.com purchases, all for an introductory rate of $49 a year until May 18 before it jumps to $99. Amazon and Walmart are already feeling the breath of competition on their neck.?
- In the backdrop of this launch, Target has also announced a promising fourth-quarter profit and ambitious plans to broaden its store presence and boost its supply chain technology, aiming to propel sales growth and reclaim market share.
Amazon’s Thrasio Declares Bankruptcy
- Thrasio, a prominent Amazon rollup firm, has filed for bankruptcy to solidify its financial base. Despite the challenges, Thrasio intends to maintain smooth operations and continue thriving through the bankruptcy process.?
- The eCommerce landscape, transformed since the pandemic's peak, now presents new challenges for aggregator models like Thrasio, highlighting the complexities of managing a broad array of businesses. Will the bankruptcy declaration change anything for the future of Thrasio? We’ll have to wait and see.
Alibaba’s Slashing Prices
- Alibaba Cloud is revolutionizing the cloud computing market in China with dramatic price cuts of up to 55% on more than 100 products, aiming to make advanced technology more accessible and spur innovation. This aggressive pricing strategy has stirred the competition, leading rivals like JD.com to introduce their own price reductions in response.?
- Alibaba's approach signals a shift towards affordability and accessibility in cloud services, challenging the sector's status quo and potentially initiating a widespread price war. The impact of Alibaba Cloud's strategy extends internationally, potentially affecting global cloud service pricing and prompting major players like AWS, Microsoft Azure, and Google Cloud to reconsider their pricing models.?
Alibaba’s New Tool
- Alibaba is continuing its mission to transform the digital landscape, taking a significant leap forward this week. The company's research team has developed an innovative AI tool that not only animates images but also incorporates sound into them.?
- This advancement is made possible through new modeling techniques, marking a breakthrough in the field. Previously, enhancements were largely limited to still images, but now we're witnessing AI-induced transformations on an entirely different scale. Find out more in our article.
?? Webinars
- Various dates: Amazon advertising’s global webinar program continues with 20+ webinars scheduled, covering Amazon Prime Day preparation, sponsored products, sponsored brands, reporting, optimization, and other tips.?Learn more: Amazon.
- February 7: The Amazon and Retail Media Summit. Learn more: Tinuiti
- Various dates: Amazon advertising’s global webinar program continues with 20+ webinars scheduled, covering Amazon Prime Day preparation, sponsored products, sponsored brands, reporting, optimization, and other tips.?Learn more: Amazon.
