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Amazon is experimenting with re-directing search queries to brands' webshops outside of its own app. In the U.S., some Amazon customers have been presented with options to visit external online shops if they searched for products which Amazon itself doesn't sell. The beta test seems to be directly connected to Amazon's "Buy with Prime" initiative through which brands can integrate Prime…
A good year for Amazon: Amazon has generated an operating income of 68.6 billion US.Dollar after 36.9 billion US-Dollar in the previous year. Net income almost doubled to 59.2 billion US dollars, with Amazon posting a net income of 20 billion US dollars in the fourth quarter alone.
Amazon.de is entering the optical business and is now also selling prescription glasses. With “Amazon optics”, Amazon is attacking established players such as Mister Spex - however, many additional services such as virtual try-on are missing.
Marketplaces are driving sales growth in German e-commerce: After two years of declining sales, online retailing is expected to grow by 1.1 percent in 2024, according to the bevh. This growth stems from marketplaces, which grew by 4.7 percent, while online pure players continued to suffer a decline of 3.6 percent and omnichannel retailers a decline of 2.0 percent. For this year,…
TikTok chaos in the US: Facing an impending ban, TikTok shut itself down on Saturday, only to start up again on Sunday after Donald Trump declared that he would issue an executive order on Monday immediately after taking office to delay it. He can imagine a joint venture in which the US would hold half of TikTok's shares. In the meantime,…
Wayfair is pulling out of the German market. The German online shop has already closed, and Wayfair marketplace sales partners can no longer reach their contacts. The Berlin office is also being closed, costing all employees there their jobs – unless they move to London or Boston, which Wayfair is offering about half of the workforce.
2024 - an exciting year for the entire marketplace industry draws to a close. Time to look at the greatest news - from ABOUT YOU to Zalando, from Amazon to Temu and many more
New year, new costs: Amazon has published the fees that merchants will have to pay for marketplace sales, storage and shipping in 2025. In addition to the prices, existing structures in individual segments have also been significantly revised.
Zalando, Europe’s largest online fashion retailer, has announced its acquisition of competitor About You, marking a major shakeup in the European fashion e-commerce and marketplace industry. The deal, valued at 1.13 billion Euro, includes a purchase price of 6.50 Euro per About You share - a 107% premium on the stock’s three-month average price.
Black Week 2024 broke records across all platforms, with the fashion and beauty sectors being the top performers. 60% of purchases occurred on marketplaces, with Amazon leading at 85% of users. TikTok Shop generated $100 million in sales in the US and a 179% jump in sales in the UK, while OTTO had its best Black Friday yet.