The Future of North American Shopping
In the e-commerce space, a lot can happen in a week!
Packed inside this week's newsletter is the MUST-KNOW news that e-commerce professionals are buzzing about. Here’s a quick preview of what is in store:
The Amazon Corner
Amazon's Fee Fiasco: Amazon's Controversial Fee Gets Put on Pause
Amazon has decided to delay the implementation of its new low inventory level fee. This fee would be charged to sellers who sell and ship products through the Fulfillment by Amazon program, also known as FBA, if they don’t keep enough inventory in the company’s warehouses.?
While Amazon has not completely scrapped the idea, they have paused its implementation to gather more feedback from sellers and make necessary adjustments.? This decision comes after many sellers expressed concerns about the potential impact of this fee on their businesses. Amazon's goal with this new fee was to encourage more efficient inventory management, but it seems they will need to find a solution that balances the needs of both sellers and the company.
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Top Retail and E-commerce Stories
Cashless is Queen: The Future of Shopping in North America
As more and more consumers turn to online shopping, the use of credit cards has become even more prevalent. In fact, the North America Credit Card Transaction Market is anticipated to grow with more than 5% CAGR from 2024-2029.?
This growth can be attributed to the convenience and security that credit cards provide. Moreover, this trend is expected to continue as more businesses shift towards digital platforms and consumers become more comfortable with making online payments. For e-commerce sellers, this means ensuring your online store has a secure and user-friendly payment system in place to attract and retain customers.
QUICK TIP
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