The Order : Weekly Aggregator Roundup - SellerX & Heyday
Chart of the week:
Marketplace Pulse looks into "The World’s Top eBay Sellers" and finds both sizable sales of top sellers but also low momentum among the top from new entrants. Decade long sellers are running the show.
Spotlight: Legal battles
"Buyer agrees it will make all possible good faith efforts to achieve income levels that will trigger the Deferred Payments" The verdict on this is about to set precedent. Language that reflects another aspect of the 2021 sellers-market. Sifted provides an intro in their article "The Amazon aggregator legal battles: SellerX and Perch facing lawsuits".
If you want to watch this evolve more closely you can dig into the points of view of the SellerX counsel -- and the merchants' counsel.
And yes, good faith efforts in contracts of buyers may well turn out costly for buyer counsels (or have always been).
New funding this week: $ - M
Funding Craze 💰
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Movers & Shakers 🤝
US: Heyday & Eva Longoria announce the launch of Cookware brand Risa [PR Newswire]
US: More cookware: "DTC cookware brand Caraway raises $35M" [Retail Dive]
US: With 16 software companies acquired and serving 200,000 customers Carbon6 is set to expand with its latest round: "E-commerce software bundler Carbon6 Technologies grabs $66M in equity, debt" [Techcrunch]
Strategy 📈
Amazon Access: "Amazon is launching a dedicated hub for its affordable shopping options" [Techcrunch]
"Amazon freezes corporate hiring in its retail business" [CNBC]
"Walmart counters Amazon's Prime Early Access Sale with its own fall deals event" [Techcrunch]
"Google debuts new AI shopping tools to compete with Amazon" [The Drum]
"Instagram to increase ad load as Meta fights revenue decline" [Techcrunch]
"Move over, Build-A-Bear: Newer digital native brands want to take over the mall" [Retail Brew]
"Macy’s Launches Its Curated Digital Marketplace" [Macy's]
Detailing contact info & fighting counterfeit goods, fake claims: "Shopify agrees to consumer safety tweaks in Europe" [Techcrunch]
"Europe gives final sign off to rebooted ecommerce rules" [Techcrunch]
"South Korea’s Naver to buy U.S. e-commerce site Poshmark for $1.2 billion" [CNBC]
"Logistics costs are coming down: "Ocean freight orders are signaling a big drop in consumer demand" [CNBC]
"Nike’s online sales grow 23% to reach digital’s highest net revenue quarter ever" [Digital Commerce 360]
Events 🎤
Shopify Unite, Oct 12-13 in Toronto, Canada
White Label World Expo, Oct 13-14 in Frankfurt, Germany
Shoptalk Fall Meetup, Online, Oct 18-20
AMZ Innovate, Nov 07 in NY
Seller Barcamp, Nov 25 in Berlin
Let's make this week count,
Christian