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 been kind enough to offer a glimpse into Prime’s growth for the last few years. It said membership grew 53% in 2014, and another 51% in 2015. Even the more saturated United States grew membership 47% in 2015. Amazon neglected to give an update in 2016, but it did change its revenue reporting, giving us a closer glimpse of its numbers. I used those numbers to estimate that Amazon had around 70 million global Prime members on average throughout 2016.
E-commerce site Etsy had to cut its workforce by 8% and fired its CEO, Chad Dickerson, after failing to hit its first quarter revenue targets. The statement on the first quarter earnings reported revenues of $96.9 million, just below the projected earnings of $98.4 million. A slowdown in consumer spending in February apparently dragged down the numbers, resulting in zero earnings per share for the first three months of 2017, which was below the 1% forecast.
UPS looks to test a new pricing model in which the cost of empty space during the holidays is covered by retail partners. A sort of logistics surge pricing. The move, part of broader negotiations with retailers over peak delivery seasons, looks to address major retailers who order capacity for forecasted shipments but then fail to meet expected volumes.
Amazon launched deliveries of fresh groceries in Berlin and neighbouring Potsdam on Thursday for members of its Prime subscription service, a move that could accelerate online sales of food that have been sluggish in Germany so far. Amazon said in a statement that Prime members can choose from 85,000 products, including items such as chocolate, coffee and bread from 25 local stores, for 9.99 euros (US$10.87) a month for unlimited deliveries with a minimum order value of 40 euros.
Etsy has begun rolling out the new Shop Manager tool for sellers that it had announced in February. Over 60,000 sellers opted in early, and Etsy is rolling out Shop Manager to all sellers over the course of the next few weeks. Lilith from Etsy’s Product Education team published the following post on the announcement board on Tuesday. Over the next few weeks, you’ll start to see the new Shop Manager in your shop.