Marketplaces
In this episode of Retail Right Now, Total Retail's Joe Keenan and Kristina Stidham discuss an article recently published by Total Retail titled, โAmazon is Finally Acting Like a Retailer, and What That Means for Brands,โ authored by Tim Hershey, chief retail officer at Netrush. Amazon has recently tightened its inventory restrictions, placing new pressuresโฆ
Marketplaces have raised the bar for what consumers can expect when shopping online. Brands operating marketplaces can gain useful insights on customer experiences, data that can be adapted into their other e-commerce channels. Retailers that start a marketplace now may be better equipped for the future. In fact, according to Forrester, two-thirds of global B-to-Cโฆ
The other day I purchased a hoodie from a direct-to-consumer brand that I like. โThe softest hoodie everโ was how they hooked me, but post-checkout I found myself upsold to buying eye cream. How did they do it? Co-selling. And itโs going to transform every brand into a marketplace. Co-selling is on the rise, andโฆ
Urban Outfitters announced Tuesday it would launch a secondhand apparel and accessories marketplace for consumers to resell their clothes. The new online thrift store, called Nuuly Thrift, is launching in the fall in the form of an iPhone app. Users will be able to post their clothing and accessories from any brand and can chooseโฆ
On Tuesday, Amazon.com updated its longstanding returns policy, referred to as the A-to-z Guarantee, to address defective product claims, reports CNBC. Beginning in September, consumers can contact Amazon with a personal injury or property damage claim, and the company will then connect the consumer with the seller. Currently, buyers are encouraged to contact the sellerโฆ
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 itโs come too late for many businesses. No one was too big to fail. From Francescaโs to Century 21, big names tumbled among the 128 national retailers to declare bankruptcyโฆ
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 storesโฆ
Itโs 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 giantโs marketplace lists close to 350 million products. Competition is fierce and many brands can expect to fail. However, Amazon does offer newโฆ
We all know how much the effects of the COVID-19 pandemic have altered consumersโ 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 goodsโฆ
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. Thatโs equivalent wealth to that of a small nation. If Jeff Bezos was president of such a country, it would register as theโฆ