Happy Sunday,
Here’s a quick roundup of last week’s news :
Walmart Earnings Snapshot 💰
Walmart outperformed the overall US Retail Market:
GMV +4.6% YoY (vs industry average 3.6%) .
Walmart E-com +17% YoY (vs 7.6% industry average)
Walmart Connect grew 22%.
Full details here.
Movers & Shakers 🙌
Large consolidation play: The Ambr Group Acquires Profound Commerce & leadership change [PR.com]
unybrands Closes Large Acquisition in Europe and Completes Its Series B Funding Round [Unybrands]
Society Brands Acquires Orange County-Based Brands Clarifion and Cleanomic; Surpasses the $100 Million Mark in Top Line Revenue [PR Newswire]
Want to see listing automation in action?
Here’s a quick view into a process delivering strong organic lift through better keyword reach & listing quality: Managing Large Catalogs: Automation functions for Amazon listings - Watch Video
Strategy 🦈
How Amazon delivers packages to this remote village in Uttarakhand [Amazon]
Amazon to launch 'special store' for value fashion in India [TechCrunch]
Amazon Prepping Up For Budget-Friendly, Unbranded Fashion Route To Take On Meesho [Inc42]
Amazon Briefing: 3 ways Walmart is following in Amazon’s strategic footsteps [Modern Retail]
Walmart double down on consumer access: “Walmart's $2.3B Vizio deal highlights retail-streaming marriage” [Axios]
Instagram launches its marketplace to connect brands and creators in 8 new countries [TechCrunch]
Rise of fast-fashion Shein, Temu roils global air cargo industry [Channel News Asia]
How cash-strapped DTC brands are finding ways to slash R&D costs [Modern Retail]
Coinbase wins Liquid Death’s auction to put ads on 500,000 of its cases [Ad Age]
LVMH goes to Hollywood to get brands on screen [Financial Times]
DHL is testing shipping without labels [eCommerce News]
Events 🎤
Prosper Show, Mar 4-6, Las Vegas, US
ShopTalk, Mar 14-16, Las Vegas, US — Exhibitor opportunities
Make this week count 🙌
Christian