April 2024 - Marketplace News
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Top Global Online Marketplaces Facts & Statistics
This surge in popularity highlights a significant shift in consumer behavior, with shoppers increasingly opting for the convenience and variety offered by online marketplaces compared to traditional retail channels.
Unveiling the Growth Trajectory (2020-2024):
Digital Commerce 360, April 2024
European agreement on new packaging rules
The European Parliament has agreed on new rules to reduce, reuse, and recycle packaging. In the future, only up to half of the packaging used by ecommerce companies within the European Union may be empty.
A large majority of the European Parliament agreed on Wednesday on the packaging regulation. It aims to tackle the growing European waste mountain, harmonize the rules of the internal market, and promote the circular economy. The first plans for these packaging rules were made public at the end of 2022.
Ecommerce News, April 25, 2024
Amazon Added 5 Million Sellers Since 2018
More than 2,000 new sellers are joining the Amazon marketplace every day. This growth is invisible to shoppers but confirms Amazon’s role as the go-to platform for entrepreneurs.
According to Marketplace Pulse research, Amazon has added nearly 5 million sellers since 2018. Roughly 40% of them joined the marketplace in the U.S., and the rest — one of the twenty international marketplaces (sellers selling on multiple marketplaces?were counted?once). Brazil, one of those international markets, is one of Amazon’s fastest-growing marketplaces in traffic and, therefore, unsurprisingly, also in terms of the number of sellers.
Marketplace Pulse, April 23, 2024
Buy With Prime Is Not Ubiquitous but Growing
Thousands of brands adopted Buy with Prime two years after Amazon launched the fulfillment and one-click checkout service in April 2022.
Buy with Prime allows shoppers with a Prime membership to shop on e-commerce websites other than Amazon and check out using their Amazon account. Crucially, Amazon also handles fulfillment, which means Buy with Prime is not a replacement for PayPal, Shop Pay, or Apple Pay but rather a complete e-commerce experience inside a checkout button.
Marketplace Pulse, April 4, 2024
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Temu Sets Up U.S. Warehouses
Temu has set up U.S. warehouses for sellers on its growing marketplace to offer faster delivery.
Thirty days ago, Temu launched a marketplace to increase the supply of goods with faster delivery. Previously, each order shipped from China, and despite using air freight and other optimizations, it typically took a week to reach the shopper. Temu’s new marketplace is for sellers with inventory already in the U.S. (or Europe, or elsewhere Temu operates). They can deliver goods significantly faster than a week.
Marketplace Pulse, April 15, 2024
Shein falls under tough EU online content rules as user numbers jump
BRUSSELS, April 26 (Reuters) - Chinese-founded fast-fashion company Shein will have to comply with tough new EU online content rules after its user numbers soared above a key benchmark, joining a score of other Big Tech companies already subject to the rules, the European Commission said on Friday.
REUTERS, April 26, 2024
Second-hand design marketplace Whoppah starts in France
Whoppah, a marketplace for second-hand design and art, has recently entered the French market. The Dutch company previously spread its wings to Belgium and Germany. Its ambitions are pan-European.
With a wide range of furniture and decorative objects, Whoppah says it wants to promote sustainability and stylish living.
Ecommerce News, April 26, 2024
Amazon’s Prime Day event is back this July
During last year’s event, Prime members purchased more than 375 million items worldwide and saved more than $2.5 billion on millions of deals across Amazon stores, making it the biggest Prime Day event in Amazon’s history. Amazon also hit another milestone in 2023 by delivering to Prime members at the fastest speeds ever throughout the year!?
Amazon, April 29, 2024
Amazon Repricing Software: Your Secret Weapon for Prime Day Success
Understand the benefits of utilizing repricing software for your success on Amazon Prime Day. Learn tips for maximizing your Prime Day sales here.
For sellers on Amazon, Prime Day is one of the most important sales days of the year. Shoppers wait to take advantage of some of the best deals of the year, setting sellers up for a very lucrative day – if they use the right strategies and solutions to maximize their profits.
Feedvisor, April 25, 2024