Happy Sunday,
Here’s a quick roundup of last week’s news :
Chart of the Week
US retail data for July is in, as Jason Goldberg comments:
Year to date, Core retail is up 3.4% over last year, which is a bit slower growth than the historical average of 3.9%. The bulk of this growth is going to a handful of retailers (Walmart, Amazon, Temu, Shein, and Tik Tok Marketplace), which means lean times for many other retailers.
Strategy 🦈
Amazon moves up Black Friday inventory deadline for sellers [Supply Chain Dive]
Amazon and other online retailers are winning more back-to-school sales as technology takes over classrooms [Modern Retail]
Business of Fashion Feature: How Amazon Fits Into the New Beauty Playbook |[Front Row Group]
Amazon Didn’t Pay Tax Then, Temu Doesn’t Now [Marketplace Pulse]
How 3 brands are using TikTok to drive awareness & sales [Modern Retail]
DoorDash, Instacart Try New Angles to Gain Grocery Share [PYMNTS]
Federal Trade Commission Announces Final Rule Banning Fake Reviews and Testimonials [FTC]
Sea Raises Sellers’ Fees to Above TikTok, Temu to Fatten Margins [Bloomberg]
Shopee-owner Sea signals strong online shopping momentum with revenue beat [Reuters]
Job Opportunity 👩🚀
Operations Specialist - Amazon Automation Control Center ]with Autopilot]
Events 🎤
Amazon Accelerate, Sep 17-19 in Seattle
Amazon unBoxed, Oct 14-16 in Austin
Make this week count 🙌
Christian