📦 The Order : Weekly Roundup - Flummox
Issue #149
Happy Sunday & Happy year of the Dragon 🐉,
Here’s a quick roundup of last week’s news :
Chart of the Week 📈
Marketplace Pulse digs into the Amazon GMV growth engine in “Amazon Sales Top $700 Billion”:
Movers & Shakers 🙌
Weekly consolidation update: Flummox joins forces with Diethelm Keller Group to redefine ecommerce [Maddyness]
E-commerce startup ShipBob seeks to hire banks for 2024 IPO [Reuters]
Strategy 🦈
When Amazon's new AI tool answers shoppers' queries, who benefits? [Reuters]
Amazon expands program to ship goods in original packaging [Chain Storage]
Pre-owned styles from Hardly Ever Worn It come to Luxury Stores at Amazon in Europe [Amazon]
Amazon Briefing: Brands are running out of ways to combat false competitive pricing alerts [Modern Retail]
Amazon will soon top Walmart in overall sales, but it still lags the brick-and-mortar retailer in one crucial area [Fortune]
UK: “Amazon told by government to unfreeze funds to hundreds of sellers” [MSN]
Amazon overcharges shoppers with Buy Box algorithm, fresh lawsuit claims [The Register]
Inside Amazon, Temu’s Rise Prompts Soul Searching [The Information]
The Spend, Spend, Spend Strategy Behind Temu’s Rapid Ascent in America [Wall Street Journal]
‘It’s squeezing us out of the market’: Temu has taken e-commerce by storm—but sellers say they’re paying for those low prices [Daily Dot]
TikTok Shop is taking on Amazon — one viral video at a time [NPR]
Shopify rolls out another huge price hike, this time for Plus merchants [Business Insider]
Ad Buying Program with Meta & Google: “Shopify is launching an ad product that takes a page from Meta's playbook” [Business Insider]
Shopify Fulfillment Network is back — sort of. Here's why it's different this time around [Business Insider]
The Ad squeeze: “Why direct-to-consumer darlings such as Casper, Allbirds and Peloton are now struggling” [CNBC]
The Bill Gates of India has a Grand Plan to Outfox Amazon - And Change the World [The Information]
Events 🎤
Prosper Show, Mar 4-6, Las Vegas, US
ShopTalk, Mar 14-16, Las Vegas, US — Exhibitor opportunities
Make this week count 🙌
Christian