Ecommerce is changing everyday, and sometimes by the minute. So many new ideas and developments everyday, becomes hard to keep track.
We bring to you a curated digest of ecommerce developments/happenings around the world, compiled from various publications across the Internet.
Wasn’t eCommerce supposed to be the death of cash? In Mexico, as it turns out, that hasn’t been the case. With nearly 90 percent of consumer transactions still being paid using cash, eCommerce merchants like Amazon and Linio are coming up with creative ways to cater to a market where consumers continue to pick cash over cards.
Etsy have renamed ‘Direct Checkout’ to ‘Etsy Payments’ and are now requiring that all sellers sign up to their newly named checkout flow. Previously, Etsy have allowed sellers to add their own PayPal account or other payment methods. Now they are requiring all payments, including PayPal, to go through their own checkout.
DHL eCommerce, a division of Deutsche Post DHL Group, announced the expansion of its ecommerce order fulfillment service available for merchants in North America with the expansion of its fulfillment centers in Columbus and Riverside. As a result of growing demand, both existing US facilities have recently significantly increased capacity with investments in storage and mechanization to support the growing needs from US ecommerce players.
Walmart is in talks to buy Bonobos, one of the hottest men’s clothing brands in the US, according to Recode. Bonobos generates between $100 million to $150 million in annual revenue and attracts young, urban customers with its slim-fitting pants, shirts, jackets, and suits. The companies have reportedly agreed on a price the deal is “in its final due diligence stages,” Recode reported citing unnamed sources.
One out of four sellers who are active on the 5 European Amazon marketplaces, is based in China. Research by Marketplace Pulse shows that out of those China-based sellers, over half of them use Fulfillment by Amazon, which means that from the customer point of view it’s all the same experience. For European sellers this could be threatening, because it will be hard to compete with them.