📦 The Order : Weekly Roundup - Luzern &Shopify Results
Issue #150
Happy Sunday,
Here’s a quick roundup of last week’s news :
Chart of the Week #1 📈
Metoda is highlighting Temu’s aggressive push — here at the example of Google auction spend in Europe:
Chart of the Week #2 📈
Following last week’s deep dive into the importance of ad spend for Amazon, Meta and Google by Chinese eCom firms — here’s a deep dive intoAmazon's reliance on Chinese Sellers by Marketplace Pulse
Scaling Alert: Fully automated global listing improvements 🗺
Autopilot launched its fully automated listing optimization functions (based on Search Query Performance & PPC Performance data) for all Amazon marketplaces:
🇧🇷 🇦🇪 🇪🇬 🇪🇸 🇫🇷 🇧🇪 🇮🇳 🇮🇹 🇳🇱 🇵🇱 🇸🇦 🇸🇪 🇹🇷 🇿🇦 🇯🇵
… and that’s on top of full listing optimization automation in 🇺🇸 🇦🇺 🇨🇦 🇸🇬 🇩🇪
Shopify 2023 Highlights 🏅
Gross Merchandise Volume increased 20% to $235.9 billion, (+$38.7B YoY)
Total revenue increased 26% to $7.1 billion compared to 2022. Within this, Merchant Solutions revenue grew 27% to $5.2 billion, and Subscription Solutions revenue grew 23% to $1.8 billion
Gross Payment Volume was $137.0 billion, which accounted for 58% of GMV processed, versus $106.1 billion or 54% for 2022
Gross profit dollars grew 28% to $3.5 billion in 2023 (+$1.2B YoY)
Gross margin was 49.8% (+0.6%P YoY)
Free cash flow**** was $905 million (+$1,091M YoY)
Full press release & deep dive here.
Movers & Shakers 🙌
Dublin e-commerce accelerator Luzern targets €80m revenues
DTC struggles: “Away lays off 25% of internal staff” [RetailDive]
Strategy 🦈
US judge sets October 2026 trial for FTC antitrust suit against Amazon [Reuters]
Amazon hides cheaper items with faster delivery, lawsuit alleges [Ars Technica]
Amazon, Mercado Libre may threaten e-commerce competition, Mexican regulator says [Reuters]
Shopify’s Merchant Solutions Revenues Up 21%, Underpinned by Shopify Payments [PYMNTS]
Shopify President says international business is a ‘massive area of growth’
[CNBC]
What You Need To Know Ahead of Walmart's Earnings Report on Tuesday [Investopedia]
20 Fastest Growing E-Commerce Companies in 2024 [Yahoo Finance]
Alibaba faces reckoning with once-vaunted ‘new retail’ strategy [Techcrunch]
The Creator Startup Takeover List [The Information]
Shein plans Seattle hiring push as logistics units ramps up [The Information]
Wish.com marketplace to be acquired by Qoo10 for 173M cash [Linkedin Joe Zhang]
VF Corp launches strategic review of brand assets, CFO steps down [Retail Dive]
Bergdorf Goodman to run its own e-commerce as parent Neiman Marcus Group drops Farfetch [Retail Dive]
Events 🎤
Prosper Show, Mar 4-6, Las Vegas, US
ShopTalk, Mar 14-16, Las Vegas, US — Exhibitor opportunities
Make this week count 🙌
Christian