Happy Sunday,
Hereβs a quick roundup of last weekβs news :
Chart of the week π
As MIT Technology Review highlights in βThe counterfeit lawsuits that scoop up hundreds of Chinese Amazon sellers at onceβ the race against trademark infringements is on (and big business for law firms).
Benchmarks π―
Conversion rate benchmarks play a critical role in fine-tuning your tactics around product listing & advertising optimizing. We are looking at main & subcategory levels to identify trends and derive suitable actions. Hereβs a current snapshot on the pet supplies space on Amazon.com.
Want to see benchmark at play in combination with automated product listing optimization? Apply for access here.
Movers & Shakers πͺ
Conditions apply - a case for the fine print: βFounders of Kettlebell Kings Sue Factory 14, Razor Group for Fraud and Breach of Contractβ [Yahoo Finance]
Strategy π
Ok, you already know this one: βAmazon Prime Day is back July 11-12! Here are 5 shopping tips to help you prepareβ [Amazon]
Yes - it is a mess (we see a major spike in at risk status for accounts as wellβ¦): βAmazon Briefing: Sellers are βliving in a state of anxietyβ as they scramble to verify accounts under the Inform Actβ [Modern Retail]
βTikTok looks to challenge Amazon and Shein with new e-commerce initiativeβ [Techcrunch]
βAmazon to Sell DPReview, a Photography Site It Planned to Shut Downβ [The Information]
Competition cops going after prime cancellation: βAmazon's subscription spat is anything but primeβ [Reuters]
βAmazon Aggregators Face a New Realityβ [Practical eCommerce]
Interview with Brad Moss: βBrandless Exec on Acquisitions, AI, Moreβ [Practical eCommerce]
The Modi effect: βAmazon raises investment in India to $26 billion by 2030β [Reuters]
βAmazon may 'surpass' Walmart as largest U.S. retailer: JPMorgan analystβ [Yahoo Finance]
βAnalysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chainsβ [Reuters]
A new avenue for local brands to sell, starting with Spain: βAlibaba is launching Tmall in Europeβ [eCommerce News]
βJD.com sales during China shopping festival beat expectations -analystsβ [Yahoo Finance]
$21.5M deal: βOverstock is poised to get brand, data with Bed Bath & Beyond winning bidβ [Modern Retail]
AI-curated Top News π€
π ChatGPT & Bing are back to π¦ The Order
Seller Fulfilled Prime (SFP) Reopens for Registration: Amazon is reopening registration for the SFP program, which allows third-party sellers to offer Prime shipping on their products without using Fulfillment by Amazon (FBA). The program was paused in 2019 due to concerns about the quality of customer experience it was providing, but Amazon has worked on improvements and is now ready to open it againβ1ββ2β.
New SFP Requirements: Some sellers who previously participated in the SFP program have voiced concerns about Amazon's shipping requirements. These include the need to guarantee two-day shipping across the entire country, which for some sellers resulted in high shipping costs that reduced profitability. Some sellers also felt that the new metrics used to evaluate sellers in the program were impossible to maintain. Ecommerce expert Rick Watson suggested that it would be more effective for Amazon to certify the logistics providers used by merchants rather than the sellers themselves, as this could create a larger industry focused on meeting Prime standardsβ2β.
Amazon's View on Chinese Marketplace 'Temu': Amazon has claimed that the recently launched Chinese marketplace Temu does not meet its strict qualification requirements for fair pricing. As a result, Amazon is excluding Temu from its routine checks for competitive pricing. Amazon is presenting this decision as a move to protect its reputation and avoid association with potential counterfeit productsβ1β.
Strike by Amazon Drivers in California: In Palmdale, California, 84 drivers who deliver packages for Amazon went on strike over working conditions. However, Amazon has stated that these drivers are employed by a third-party contractor, Battle-Tested Strategies, rather than by Amazon itself, and therefore refuses to negotiate with the striking workersβ1β.
Amazon Alexa's Comments on Market Monopolies: Amazon's voice assistant Alexa has made comments that label Apple as an oligopoly and Google as a violator of privacy rights. However, when asked if Amazon is a monopoly, Alexa responded, "Hmm, I don't know that one"β1β.
Events π€
Amazon Selling Partner API DevSummit, July 25-26, Seattle, US
Amazon Accelerate, Sep 12-14, Seattle, US
Make this week count π
Christian