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📦 The Order : Weekly Roundup - OpenStore Drive & Apparel benchmarks

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📦 The Order : Weekly Roundup - OpenStore Drive & Apparel benchmarks

Issue #103

Christian Umbach
Mar 26, 2023
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📦 The Order : Weekly Roundup - OpenStore Drive & Apparel benchmarks

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Happy Sunday,

Here’s a quick roundup of last week’s news :

Chart of the week 📈

In ‘Top Amazon Sellers’ Longevity’ Marketplace Pulse highlights the evolution of seller cohorts on Amazon:

Benchmark of the week 🎯

Powered by Xapix - reach out to us for custom insights for your products.

Deep dive into the clothing, shoes & jewelry category:

Movers & Shakers 🙌

  • US: OpenStore Drive — Keith Rabois says Shopify brands have 'a lot of room' to grow, and his startup, OpenStore, just launched a new product to help with that. [Business Insider]. Notably on the model: ‘In exchange for a management fee equal to 10% of the store's profits, OpenStore handles everything involved in running an e-commerce business, including logistics, marketing, and customer service.’ [Business Insider]

Strategy 📈

  • Prosper Takeaway #1: Great summary of launches, events & sessions by Amazon Tech Evangelist Jeffrey Cohen [Linkedin]

  • Prosper Takeaway #2: The Face-Off Between Amazon and ‘Alternative Marketplaces’ is Shaping the Next Era of Ecommerce [Retail Touchpoints]

  • Shopify: Reassessing the E-commerce Powerhouse Amid Diminishing Profitability [Yahoo Finance]

  • Amazon looms over Shopify: Analysts worry that Buy with Prime will further eat into Shopify's profits [Business Insider]

  • Shopify, Coca Cola Harness the Power of ChatGPT [PYMNTS]

  • Shopify expands its enterprise offering with better search & AI capabilities: “Enterprise retail search and discovery gets a major upgrade: Commerce Components by Shopify 🤝 Google Cloud” [Shopify]

  • TikTok CEO got grilled by lawmakers from both parties on whether the Chinese-owned app can protect American privacy [CNBC]

  • PDD Holdings (Pinduoduo & Temu): “Pinduoduo owner's revenue falls short on weak China consumer spending” [Reuters]

  • DoorDash is adding three new retail partners and updating its shopping features [Techcrunch]

  • Ex-Flipkart exec’s Flash app wants to be an inbox for your e-commerce needs [Techcrunch]

Events 🎤

  • Shoptalk, Mar 26-29, Las Vegas, NV

  • Seller Barcamp, May 19, Dortmund, Germany

  • Seller Sessions Live, May 13, London, UK

Make this week count 🙌

Christian

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