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

Mar 26, 2023

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:

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Deep dive into the clothing, shoes & jewelry category:

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]

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]

Make this week count 🙌

Christian