#153 - Amazon Haul, Facts and Statistics, and more
Hot News
Amazon Haul, Delivered a Little More Slowl
Years ago, Jeff Bezos couldn’t imagine a customer saying, “I love Amazon, but if only they could deliver my products a little more slowly.” Today, it launched a Shein and Temu competitor called Amazon Haul, which does precisely that. In October 2007, Harvard Business Review published an interview with Jeff Bezos. In the interview, Jeff Bezos said he often gets asked, “What’s going to change in the next five to ten years?” But he rarely gets asked, “What’s not going to change in the next five to ten years?”
marketplacepulse.com
Amazon is a more complex phenomenon than a highly successful marketplace selling its items and enabling third-party vendors to use its platform to sell its products. It is a multinational technology company relying on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon enjoys a reputation as the world’s most influential economic and cultural force. It is also a brand that sets the rules and commands respect even among its FANG peers, Meta (formerly Facebook), Netflix, and Alphabet/Google, which have demonstrated massive growth in recent years.
investing.com
Amazon Q3 sales reach company's second-highest total to date
During the Q3 earnings call, CEO Andy Jassy said Amazon’s Stores business saw a 9% year-over-year sales increase in North America. Sales also grew 12% internationally. “At a time when consumers are being careful about how much they spend, we’re continuing to lower prices and ship even more quickly, and we can see this resonating with customers as our unit growth continues to be strong and outpace even our revenue growth,” Jassy told investors on the Amazon earnings call.
digitalcommerce360.com
Good to Know
How Amazon sellers are navigating capacity constraints
Amazon sellers are assessing alternate shipping and storage plans to counter capacity constraints within the e-commerce giant’s logistics network ahead of the holidays. The capacity issues, coming in the thick of Amazon’s inbound fulfillment makeover, are leading to extended processing times for seller inventory at some West Coast facilities. Amazon has rerouted goods to other regions and lowered fees for products going to Eastern U.S. locations in an attempt to right the ship.
supplychaindive.com
India to summon Amazon, Flipkart executives as regulatory scrutiny grows, source says
India's financial crime agency will summon Flipkart and Amazon, opens new tab executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a senior government source said. The planned action signals growing regulatory scrutiny of Walmart-owned, opens new tab Flipkart and Amazon when their sales are rapidly growing in India's $70 billion e-commerce market. An Indian antitrust investigation also found the two companies breached laws by favouring select sellers, Reuters has reported.
reuters.com
Small Brands Spend Three Times More On Amazon Ads Than Big Brands
Third-party sellers on Amazon's marketplace are significantly outspending established brands on bottom-of-funnel advertising, according to new data from e-commerce analytics firm SmartScout. The analysis, which examined brands generating over $1 million in annual revenue, found that third-party (3P) brands spend 127% more than first-party (1P) brands on Amazon Sponsored Products ads, 34% more on Sponsored Brand ads, and 146% more on Sponsored Video advertising relative to their revenue.
forbes.com
People are panic buying Plan B after Trump’s win—and Amazon sellers are raising the pills’ price
In the hours after Donald Trump was declared the winner of the 2024 presidential election, a number of people took to social media to hammer home a simple directive: Buy Plan B now, before it’s too late. People are concerned that the new administration will drastically reduce access to reproductive healthcare once Trump returns to the Oval Office, potentially restricting the ability to purchase medications like levonorgestrel (better known as Plan B).
fastcompany.com
Amazon Has a Secret Weapon That's Driving a Surge in Sales
There's been a dramatic shift in consumer behavior since Amazon (AMZN -4.19%) launched three decades ago. The online marketplace put a spotlight on the simplicity of digital retail, making purchases via the internet and having them shipped to your door. While Amazon was originally an online bookstore, the company quickly expanded its offerings until it eventually became known as the "Everything Store."
fool.com
Amazon Statistics By Apps, Demographics, Consumer Trends and Facts
Amazon, a global e-commerce giant, has revolutionized the way people shop and consume, transforming the retail industry in the process. Starting as an online bookstore, Amazon has grown into a powerhouse with unparalleled influence on the global market. In 2023, Amazon achieved nearly 575 billion USD in net sales revenue, demonstrating its immense reach and impact. This success is driven by Amazon’s innovative approach to customer experience, which has redefined standards for online retail and shopping services.
coolest-gadgets.com
Amazon Takes On Temu With New ‘Haul’ Store, Just In Time For Holidays
Amazon is making a strategic move into ultra-low-cost shopping just as holiday spending kicks into high gear. The retail giant announced today the beta launch of "Amazon Haul," a new shopping experience within its mobile app featuring products priced at $20 or less, with most items under $10.
forbes.com
The role of shipping costs in platform retail competition
Many antitrust theories of harm relate to price effects. Governments regulate retail prices, for example, to protect smaller shops from more cost-efficient rivals. But for online shopping, shipping costs must also be taken into account. Looking at Amazon, this column quantifies the role of shipping costs in the effective prices for consumers when shopping online. Larger retailers may enjoy economies of scale in shipping costs and outperform smaller sellers, even if the latter offer lower prices before adding shipping.
cepr.org
Amazon Buy Box Statistics By Sellers, Product Category and Positive Reviews
Amazon Buy Box Statistics: In today’s tech-driven era, customers seek fast and convenient solutions, such as QR code payments, digital transactions, and instant doorstep delivery. Amazon offers a Buy Box feature that enables customers to purchase a product directly from the same window, eliminating the need to add it to a cart and proceed to checkout. This feature boosts product sales compared to sellers without the Buy Box option. Amazon has specific criteria that sellers must meet to obtain the Buy Box button on the product page.
coolest-gadgets.com
Amazon Seller Services annual revenue up 14.5%, loss narrows
Amazon Seller Services, reported a 14.5% jump in operational revenue for the year ended March 31, 2024, leading to a narrower loss after tax. It posted a revenue of Rs 25,406 crore in the year, compared with Rs 22,198 crore a year ago. Loss after tax was Rs 3,469 crore, an improvement from a loss of Rs 4,854 crore last year. Part of ecommerce giant Amazon's marketplace division, Amazon Seller Services enables businesses in India to list, sell, and ship products on the platform, leveraging fulfilment tools, advertising, and customer insights to expand their reach and boost sales.
yourstory.com
Pattern Helps Australian Brand Recover Over $200k Amazon Revenue
Pattern, global ecommerce and marketplace accelerator, has announced the launch of Pattern Recovery, a new service designed to help Australian brands optimise their Amazon marketplace presence and safeguard past and future profitability. As Australia’s most popular marketplace, Amazon, offers unparalleled opportunities for brands to reach millions of customers. However, the scale and complexity of the platform can often result in Australian brands becoming overwhelmed and not making the most of the marketplace opportunity.
retailnews.asia
Tips and Tricks
Jungle Scout Review [2024]: Can it Really Help Increase Your Amazon Sales?
Jungle Scout is a legitimate company that has thousands of excellent reviews on Trustpilot, with customers citing the usefulness of the products and the superior customer service as reasons for their ratings. If you’re curious about how to sell items on Amazon, Jungle Scout has a multitude of free resources available for you to educate yourself about the process, but majority of its most helpful tools require a paid subscription.
financebuzz.com
Podcasts
My First 6-Figure Month On Amazon!
Join us in this episode as we welcome back Shan Shan Fu, a dynamic Amazon entrepreneur whose journey has been nothing short of inspiring. From her early days selling face masks during the pandemic, Shan Shan has successfully transitioned into the fashion industry with her thriving brand, Millennials in Motion. She shares her remarkable achievement of hitting her first six-figure month and reveals the innovative ways she manages to live rent-free in a $6,000 per-month New York apartment through the platform Kindred.
helium10.com