Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
Amazon on the brink of launching own UK fashion label: Ashley Armstrong at The Telegraph reports that Amazon on the brink of launching own UK fashion label. The foray into the $3 trillion global fashion market has been highly anticipated by analysts ever since Amazon launched a photography studio in Shoreditch. Earlier this month, Amazon said that it had sold more than 60m fashion items after adding 350 new brands including Dorothy Perkins, making it one of the fastest growing categories for the online giant. Continue reading…
Ecommerce merchants can get card transactions guaranteed: Tom Groenfeldt at Forbes reports that according to Skye Spear from Signifd, within three years merchants will no longer be liable for credit card fraud online. Already firms like Signifyd, Forter and Riskified use fast, smart technology like real-time machine learning to review credit card orders coming into e-commerce operations, decide which orders are safe and guarantee those orders. Continue reading…
Walmart acquires outdoor retailer Moosejaw for $51 million: Sarah Perez at TechCrunch reports Walmart has announced the acquisition of outdoor retailer Moosejaw for approximately $51 million. The retailer has a large online presence as well as 10 physical stores across Michigan and the midwest. The news follows Walmart’s acquisition of online footwear retailer ShoeBuy last month, which took place by way of Jet.com, a company Walmart itself purchased last summer for $3 billion. Continue reading…
Four strategies for getting rich in ecommerce: Don Davis at Internet Retailer discusses a new Internet Retailer report which analyses the value of privately held e-retailers and provides guidance on how to build the value of an e-commerce business. Every entrepreneur starting an online retail business at her kitchen table dreams of getting rich. It can be done, even if Amazon’s growing dominance of online retailing makes it tougher. Continue reading…
Are eBay auctions a thing of the past? Chris Dawson at Tamebay reports that around 80% of eBay sales are now Fixed Price items. The Auction format, which accounted for 100% of sales when eBay launched, has been in decline for many years and yet eBay is still today described as an online auction marketplace. There are any number of reasons for the decline including the immediacy of a fixed price sale and the rise in sales of FMCG where the price is pretty much a known quantity. Continue reading…
Happy weekend!
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