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.
Amazon has launched a repricing tool in beta mode that could have a big impact. Why? Prices change quickly on Amazon as new merchants and new inventory enter the market, other inventory is sold or exits, and conditions change. Sellers need an easy way to keep their prices competitive without having to manually analyze and make changes to their Amazon stock.
Jewelry and flowers are popular, but no matter what consumers are buying, more than 15% of Mother’s Day shoppers will use their smartphones to make the purchase. More than a quarter of all shoppers will buy their Mother’s Day gifts online this year. Though average spending is projected to decline slightly, more shoppers will buy online this year than last, according to a report from the National Retail Federation trade group and Prosper Insights & Analytics.
Planning to use PayPal to buy or sell gift cards or to support a crowdfunding project? You should know that PayPal is updating its User Agreement, and changes encompass buyer and seller protection and dispute resolution. The amended UA will be effective for all PayPal users on June 25, 2016. According to PayPal’s summary of changes, “Items equivalent to cash, including gift cards” will no longer be eligible for Seller Protection.
Amazon sellers can reach more customers more easily thanks to a new program launched in Europe this week. “The new Pan-European FBA programme will help sellers export to millions of Amazon customers across Europe more efficiently than ever before,” an Amazon UK spokesperson told EcommerceBytes. But there’s an important caveat pointed out to us by a reader – the VAT tax issue.
Chinese consumers spent $485 billion on Alibaba’s marketplaces in fiscal 2016, while the e-commerce giant nearly tripled its profits. Alibaba Group Holding Ltd. today reported financial results for its fiscal fourth quarter ended March 31 and the 12-month period, and the staggering sales and profits leave little doubt that China’s leading e-commerce company continues to prosper despite China’s economic malaise. Chinese consumers purchased 3.092 trillion yuan ($US485 billion) worth of goods on Alibaba’s online marketplaces in fiscal 2016