Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
Amazon tests ad tool that rivals Google, Criteo: Spencer Soper and Mark Bergen at Bloomberg report that Amazon is taking its most assertive step yet into the digital-advertising market by testing a new display ad offering that threatens multi-billion-dollar revenue streams at Google and firms like Criteo SA. The tool lets merchants selling on Amazon’s online marketplace purchase spots that will follow shoppers around the web to lure the consumers back to Amazon to buy. The company is inviting select merchants to test the new ads later this month, according to people with knowledge of the plans. Continue reading…
Amazon and Starbucks blast Seattle tax to fight homelessness: BBC News reports that Amazon and Starbucks have hit out at a decision to impose a new tax on firms based in Seattle to help fight homelessness. Amazon, the US city’s number one employer, said the levy could put future expansion on hold in the region. Seattle City Council voted unanimously for the tax, saying it will raise $47m (£35m) to tackle a housing affordability crisis due to a recent economic boom. But local firms say it will kill jobs. Continue reading…
Amazon Go’s cashier-less stores are coming to Chicago and San Francisco: Chaim Gartenberg at The Verge reports that Amazon Go is heading to Chicago and San Francisco marking the first expansion of the online retailer’s cashier-less grocery store from its initial Seattle location. Amazon has posted job listings for store managers at upcoming locations in Chicago and San Francisco. An Amazon representative later confirmed that the company is planning to open Amazon Go stores in those cities, although no timetable or date has been announced yet. Continue reading…
Amazon is growing its gross profit at a staggering rate: Eugene Kim at CNBC reports that Amazon has added $7 billion in gross profit in the first quarter, which is more than the growth expected from the top five retailers combined. The change is largely driven by the growth in Amazon’s high-margin businesses, including AWS, advertising and Prime subscriptions. Amazon’s expanding growth profit gives the company more room to invest in its business and explore new areas. Continue reading…
New seller feedback form helps avoid ineligible feedback: According to Amazon’s May Newsletter changes to the seller feedback process mean you’ll be less likely to get feedback on issues that aren’t your fault. For certain types of orders, the form now prompts buyers to contact Amazon directly or to contact you through the Buyer-Seller Messaging Service. If a buyer has an issue with an order, they can get it resolved before they start submitting feedback.
Bonus: Seller’s Guide to Amazon Product Reviews
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