📦 The Order : Weekly Roundup - SellerX, Thrasio, Aterian
Issue #169
Happy Sunday,
Here’s a quick roundup of last week’s news :
Chart of the Week:
Amazon is evolving its "‘Direct from China Model” with a new section for unbranded fashion, home goods, and daily necessities at under $20 that will ship at slower delivery speed. Marketplace Pulse covers this evolving story in “Amazon To Launch a Direct-From-China Marketplace”.
Movers & Shakers 🙌
SellerX:CEO change with Jeremy Bell who had joined the firm via its acquisition of Elevate Brands taking over from its Co-CEOs. Congrats, Malte & Philipp on the journey 🙌 [CEO World]
Thrasio: Standard & Poor doesn’t quite buy into the new, post-bankruptcy plan yet: “We view Thrasio's capital structure as unsustainable and envision a possible default scenario in the next 12 months due to its tight liquidity and covenant headroom.” Full outlook here - a valuable read not only on Thrasio, but aggregator-industry dynamics overall. [S&P Global]
Aterian: Leadership Changes & Improved Second Quarter 2024 Net Revenue and Adjusted EBITDA Ranges [Aterian Investor Relations]
Strategy 🦈
Amazon says Prime Day will run July 16 and 17 [CNBC]
Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value [NPR]
Amazon is quietly experimenting with virtual storefronts [Modern Retail]
Shopify beefs up AI offerings with new products meant to boost merchants' sales [Yahoo Finance]
Target and Shopify Partner to Help Consumers Discover and Shop an Expanded Assortment on Target.com [Target]
TikTok to challenge Amazon Prime Day with its own sales event in July [TechCrunch]
Retailers like Target & Walmart are bringing generative AI into physical stores [Modern Retail]
Flipkart launches payments app, Super.money, in fintech push [TechCrunch]
Retail media increases by 11% in YoY adoption [Modern Retail]
Boom times are back for container shipping [Economist]
Red Sea gives shipping an Uber-style price surge [Reuters]
SEO Deep dive: “Study: Google Favors Ecommerce Sites & User-Generated Content” [Search Engine Journal]
Job Opportunity 👩🚀
Operations Specialist - Amazon Automation Control Center ]with Autopilot]
Events 🎤
Amazon Seller Partner Dev Summit, Jun 28-29 in Seattle
Amazon Accelerate, Sep 17-19 in Seattle
Make this week count 🙌
Christian