Happy Sunday,
Hereβs a quick roundup of last weekβs news :
Chart of the week #1 π
Amazon announced its quarterly results this week β third-party seller services & advertising continue strong YoY growth [Amazon IR]
Chart of the week #2 π
In βAmazon not yet back to normalβ Marketplace Pulse digs into 1P sales which are trending sidewards β Amazonβs marketplace growth is much driven by 3P sellers.
Benchmark of the week π―
Powered by Xapix - reach out to us for custom insights for your products.
In celebration of the upcoming pets days, hereβs a deep dive into recent pets performance on Amazon.com:
Operationalizing Product-level Benchmarks
Benchmarks are now becoming even more powerful - and actionable: The Xapix Operations Assistant alerts on profit opportunities based on benchmark performance, and allows merchants to track day-to-day performance against benchmarks. Thatβs what the Pet Supplies Benchmarks then look like in Action:
Movers & Shakers πͺ
Canada: EMERGE Reports Full Year 2022 and Q4 Results [Yahoo Finance]
Strategy π
Amazon ads keeps growing (23% YoY to 9.5B in Q4)
βAmazon Pet Day will offer 48 hours of pet deals May 2 and May 3β [About Amazon]
Amazon has quietly removed editorial recommendations from search results [Modern Retail]
βPinterest announces multiyear ads partnership with Amazon alongside earnings beatβ [Techcrunch]
βIndia warns e-commerce giants, urges adoption of open networkβ [Techcrunch]
βHow eBayβs authentication process pulls in the most dedicated sneakerheadsβ [Retailbrew]
βAmazonβs Mideast Rival Noon Cuts 10% of Jobs to Pare Costsβ [Bloomberg]
βCompetitors swoop in to win over Bed Bath & Beyondβs former customersβ [Modern Retail]
βStartup e-commerce platform Temu expands to Europeβ [Reuters]
βUPS profit falls on lower e-commerce demandβ [Yahoo Finance]
Events π€
Shoptalk Europe, May 9-11, Barcelona, Spain - β οΈ While the first wave of signups are closed, brands can still apply for the βhosted retailerβ program for a paid trip to the event in Barcelona. More info here.
Seller Sessions Live, May 13, London, UK
Seller Barcamp, May 19, Dortmund, Germany
Make this week count π
Christian