The Order : Weekly Aggregator Roundup - Amazon & Shopify product announcements
Chart of the week:
As Business of Fashion reports, the brick and mortar side rebounds lightly as retailers re-open stores and DTC brands start seeing stores as a tactical component of their customer engagement strategy (but rents are picking back up...). Meanwhile Bed Bath & Beyond announced their closure of 150 stores [Business Insider].
Headline announcements
In a week that was marked by Amazon's annual seller conference Accelerate (sellers can sign in and watch the on demand content here with a list of all major announcements here) a few highlights stood out:
Amazon offers DTC brands leveraging Buy with Prime reach to shoppers on the marketplace via ads [Amazon]. Marketplace Pulse further details the new ad option for DTC brands.
Starting early 2023 Amazon sellers will be able to send free emails to recent shoppers and repeat customers via the βTailored Audiencesβ tool: "Amazon Opens the Email Marketing Floodgates to Try to Boost Sales" [Bloomberg]
Meanwhile Shopify launched a major advancement to support sellers scaling internationally to more than 150 countries with Shopify Markets Pro and Shopify Translate & Adapt. Some features are currently limited to US customers and come with a 6.5% fee on intl transactions and a 2.5% currency conversion fee.
New funding this week: $ - M
Funding Craze π°
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Movers & Shakers π€
Japan: Forest Acquired shares of OVER's Co., Ltd., which develops smartphone product brand glass Zamurai [Forest Inc]
Strategy π
Where Walmart, Amazon and Target are spending billions in a slowing economy [CNBC]
California Sues Amazon, Alleging Antitrust Violations Inflated Prices and Stifled Competition [Wall Street Journal]
CB Insights Research Brief: The Future of the Post-Purchase Experience: How technology is transforming the way we shop [CB Insights]
Shopify Plus Commerce Cloud sees strong growth of its install base: "Enterprise e-Commerce in 2022: As TAM expands, the platform wars are heating up" [Techcrunch]
"What do redundancies at Shopify mean for eCommerce sellers?" [Modern Retail]
Events π€
Helium 10 Sell & Scale, Sep 19-22 in Las Vegas
AMZ Innovate, Nov 07 in NY
White Label World Expo, NY (Sep 29-30) and Frankfurt, Germany (Oct 13-14)
Let's make this week count,
Christian