Welcome to RepricerExpress’ weekly round-up of the top five stories from the world of Amazon and ecommerce.
China ecommerce market forecast to reach $1.8tn in 2022: Danielle Long at The Drum reports that according to a report by Forrester, China’s online retail market is expected to hit $1.8tn in 2022, buoyed by local tech titans Alibaba and JD.com. The report revealed the Chinese online retail market will be more than double the size of the US market, which will reach $713bn in 2022 and 10 times larger than Japan at $159bn. China’s ecommerce market will reach $1.1tn this year, making it the world’s first trillion-dollar ecommerce market. Continue reading…
Inventory turnover ratios for ecommerce: Everything you need to know: Chinh Nguyen at Web Retailer reports that as an ecommerce business owner, customers all over the world can view and buy your products in an instant. This allows your inventory to move at a much faster pace than in brick-and-mortar stores. When your inventory is managed well, it can lead to long-term success for your business, making your inventory turnover ratio an important topic to know and understand. There’s a lot you need to know about inventory turnover for ecommerce, and we’re here to answer all of your most pertinent questions. Continue reading…
How to deal with Amazon’s new long-term storage fees: Chris Dunne at FeedbackExpress reports on Amazon’s changes to long-term storage fees. The biggest reason Amazon is making a change to their long-term storage fees is to deal with all the excess products in their warehouses. Too much of it gets left sitting around for months and months — not only are sellers not making money on that stuff, but Amazon isn’t either. Continue reading…
Amazon bids for Homebase stores to boost delivery arm: Rhiannon Curry and Ben Woods at The Telegraph reports that Amazon is hoping to capitalise on the turmoil on the high street as it circles Homebase stores in a bid to expand its delivery empire. The internet retailer has emerged as an aggressive bidder for a tranche of stores Homebase is looking to offload through a sweeping restructure of its business, sources have said. The troubled DIY chain plans to close 42 of its 241 sites through an insolvency process known as a company voluntary arrangement (CVA), a tactic adopted by a raft of troubled retailers this year. Continue reading…
Check out the first job listing Jeff Bezos ever posted for Amazon, from 24 years ago: Kif Leswing at Business Insider UK reports that 24 years ago, a little-known entrepreneur posted a job listing to Usenet, a pre-internet message board. He was looking for “extremely talented” software developers to “help pioneer commerce on the internet.” That entrepreneur? Jeff Bezos, who built that startup into Amazon, the tech giant that dominates online commerce. Amazon now has a $908 billion market cap, and Bezos is one of the wealthiest people in modern history. Continue reading…
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