Marketplaces
July 26, 2021 at 1:10 pm
Retail has had it tough. As consumers, we may be emerging from the pandemic with pent-up demand and a clutch of savings ready to spend, but it’s come too late for many businesses. No one was too big to fail. From Francesca’s to Century 21, big names tumbled among the 128 national retailers to declare bankruptcy…
July 19, 2021 at 7:51 pm
In a lucrative new phenomenon, e-commerce investors are pouring billions into marketplace sellers who are often still operating from their own homes, transforming them into international brands in the process. This phenomenon is known as "rolling up" and helps to scale the business, boost sales and maximize profits. As international stay-at-home mandates forced brick-and-mortar stores…
July 14, 2021 at 5:16 pm
It’s widely known that 40 percent of new product launches fail. This data point has held true since the 1970s. But that was before the ascent of Amazon.com. Today, the online retail giant’s marketplace lists close to 350 million products. Competition is fierce and many brands can expect to fail. However, Amazon does offer new…
July 12, 2021 at 10:17 pm
We all know how much the effects of the COVID-19 pandemic have altered consumers’ buying and shopping habits. As a result, brands have spent the past 16 months changing their business approaches, operations and delivery models to meet constantly shifting expectations. Retailers have had to first abandon and then reinvent their brick-and-mortar stores. Consumer goods…
July 12, 2021 at 9:56 pm
2020 was an incredibly successful year for Amazon.com. Home-based working and buying gave the e-commerce giant more market share and sales volume than ever, with sales up 44 percent, hitting $108.5 billion. That’s equivalent wealth to that of a small nation. If Jeff Bezos was president of such a country, it would register as the…
June 30, 2021 at 7:55 pm
The COVID-19 pandemic altered the future of retail in many ways. Ten years of projected e-commerce adoption was compressed into three short months, as the world shifted to online shopping amid regional and national lockdowns. As a result, online shopping increased by 44 percent, and consumers spent over $861 billion with U.S. merchants last year.…
June 29, 2021 at 4:29 pm
Online crafts marketplace Etsy announced on Monday a $217 million deal to acquire Brazilian online marketplace Elo7, reports CNBC. Etsy CEO Josh Silverman is banking on Latin America to be a growth catalyst for the e-commerce company, calling Elo7 “the Etsy of Brazil.” Similar to Etsy, Elo7 allows merchants to set up an online shop and sell…
June 28, 2021 at 7:22 pm
Rapper Kayne West filed a lawsuit against Walmart on June 24, alleging that the retailer is knocking off one of his latest shoe designs, Yeezy Foam Runners. According to documents obtained by TMZ, West’s team filed the lawsuit in Los Angeles County Superior Court, citing California’s Unfair Competition Law, which prohibits deceptive business practices. The lawsuit also claims that Walmart…
June 21, 2021 at 9:54 pm
In episode 303 of Total Retail Talks, Editor-in-Chief Joe Keenan interviews Taleeb Noormohamed, CEO of Jane, a boutique marketplace featuring the latest in women's fashion trends, accessories, home decor, children's clothing, and more. Noormohamed discusses Jane's curated online marketplace of small businesses, his professional background, and how the online retailer supports the small business community. He…
May 20, 2021 at 1:53 pm
Marketplace sales are booming. According to Statista, 63 percent of consumers start their search on Amazon.com, 25 percent on other marketplaces, and only 21 percent on brands’ websites. Consumers trust and prefer marketplaces over brand websites for several reasons, including the availability of fast and free shipping, customer reviews, and easy product comparisons and returns.…
