📦 The Order : Weekly Roundup - SellersFi, Zulily, JungleScout & Rithum
Issue #141
Happy Sunday,
Here’s a quick roundup of last week’s news :
Chart of the week
Retail Sales is up 3.6% year-on-year (up 4.3% in Nov YoY):
Year in Review
Marketplace Pulse’s 2023 Year in Review
Movers, Shakers & The Shaken
E-commerce fintech SellersFi closes $300M credit facility from Citi [Fintech Nexus]
Seattle online retailer Zulily closing operations, cutting hundreds of jobs [The Seattle Times]
Jungle Scout lays off employees as e-commerce businesses continue to struggle [Biz Journals]
Leading Global Commerce Companies CommerceHub, ChannelAdvisor and Dsco Become Rithum [Business Wire]
Strategy 🦈
A must-watch": “Jeff Bezos: Amazon and Blue Origin | Lex Fridman Podcast #405” [Youtube]
Amazon Briefing: How brands are preparing for the onslaught of January returns [Modern Retail]
Amazon courts sellers at China summit as Temu and Shein gain momentum [CNBC]
Amazon threatens delists unless suppliers meet ‘profitability’ lump sum demands [The Grocer]
How Europe Is Reshaping Amazon [The Information]
Amazon wins $270 million tax fight with the EU [CNBC]
Amazon files motion to dismiss FTC antitrust lawsuit [Retail Dive]
Amazon Faces New Antitrust Suit From Beleaguered Rival Zulily [Bloomberg]
Order fulfillment from physical stores: “Walmart is going after Amazon in a new way — and borrowing a strategy from Target” [Business Insider]
Marc Andreessen argues celebrity-led brands—from Kim Kardashian’s Skims to Logan Paul’s Prime—are not ‘gimmicks’ but ‘the future of consumer products’ [Fortune]
Flexport’s Ryan Petersen on Exceptions to Supply Chain Automation [Wall Street Journal]
Etsy shares dive after e-commerce company cuts workforce [Reuters]
Macy’s receives $5.8 billion acquisition offer [Insider Retail]
TikTok Shop Wants to Beat Amazon at Its Own Game [Bloomberg]
Jack Ma praised a key rival. A day later, it overtook Alibaba as China's most valuable e-commerce company [Business Insider]
TikTok set to restart e-commerce in Indonesia with $1.5 billion Tokopedia investment [Reuters]
How Shein outgrew Zara and H&M and pioneered fast-fashion 2.0 [Reuters]
Temu files fresh lawsuit against Shein, accusing its rival of 'mafia-style intimidation' [CNBC]
Events 🎤
National Retail Federation - Retail’s Big Show, Jan 14-16, New York, NY
The Fortia Group’s eCommerce Summit for Acquirers, Jan 16, New York, NY
ShopTalk, Mar 14-16, Las Vegas, US — Exhibitor opportunities
Make this week count 🙌
Christian