Welcome to this week’s eFocus, RepricerExpress’ weekly round-up of ecommerce and Amazon news.
eBay reports fourth quarter and full year 2016 results: In a press release issued this week (25 Jan) eBay Inc. declared a GMV of $22.3 billion for Q4 2016. Revenue for the quarter was $2.4 billion, an increase of 3% from last year.
Devin Wenig, President and CEO of eBay, stated, “Q4 was a record quarter highlighted by solid performance in our eBay business. During the holiday season, eBay was one of the top consumer shopping destinations in the world and the second most visited ecommerce site in the US.” Continue reading…
China’s Alibaba reports a 54% increase in revenue in Q3: Don Davis at Internet Retailer reports on a revenue increase of 54% including £17.4 billion worth of sales on Singles’ Day. Net income for the first nine months exceeds $5.5 billion. Net income for the last quarter of 2016 climbed 38 percent to 17.2 billion yuan ($2.5 billion), beating estimates by over 30 percent, while the top line grew an impressive 54 percent. Most of the Alibaba Group’s sales and all of the profit still come from core commerce. Continue reading…
Amazon undercharged for four months and will send new bills for the balance: Chris Dawson at Tamebay reports that some sellers have received an email from Amazon stating that between 8 September 2016-11 January 2017, they charged the wrong fees for items sold in the Electronics Accessories categories. Seller Referral Fees for that category should have been 12%, but sellers were allegedly charged at just 7% for four months. Continue reading…
How a tiny company with no marketing built the no. 1 product on Amazon: Bill Murphy Jr. at Inc. reports on how one company managed to sell $14.8 million worth of product in a single day with no advertising. The product was a pressure cooker and the sales came on Amazon Prime Day. The company decided to reduce the price to $69. As a result, of the incredible sales, the product has managed to amass a lot of product reviews, including a lot of five star ones. Continue reading…
2 tested ways to remove negative feedback on Amazon: Our friends at FeedbackExpress have shared an article on two ways sellers can remove negative feedback on Amazon. We know the holiday season can be a busy time for sellers and with an increase in orders comes the increased likelihood of negative or neutral feedback which can harm your Buy Box chances and affect sales. Continue reading…
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