The Webretailer Information Digest for August 19, 2022


The retail world was buzzing this week after Walmart launched its Q2 numbers — via July thirty first. The corporate’s complete income was up 8.4% to $152.9 billion, so buyers can sleep properly understanding the corporate isn’t going wherever. 

However on the Webretailer Digest, we’ll focus extra on their eCommerce numbers, which have been additionally trending north. The report acknowledged that eCommerce gross sales are up 12% over 2021 this quarter, and on-line gross sales are up 18% over the identical quarter in 2020. That’s excellent news for on-line sellers who’ve heard loads within the information about post-pandemic eCommerce declines this 12 months.

However that begs the query, “Why are Walmart’s numbers going up when different eCommerce corporations are laying folks off?” In different phrases, “Why isn’t inflation hitting Walmart so arduous?”

Fortune was fast to level out that whereas inflation is influencing the way in which folks spend their cash, it isn’t stopping spending altogether. 

Extra particularly, it’s middle- and high-income customers who’re selecting to buy at Walmart for low cost pricing. In an interview with CNBC, Walmart Chief Monetary Officer John David Rainey stated, “About three-quarters of Walmart’s market share beneficial properties in meals got here from clients with annual family incomes of $100,000 or extra.”

eCommerce retailers ought to take this into consideration when designing their advertising methods. There could possibly be a chance to promote your gadgets to a better revenue tier than you beforehand thought! Talking of which, Walmart additionally netted a 30% progress of their international promoting enterprise via Flipkart and Walmart Join.

Go to Walmart’s Q2 launch on their company website to discover the complete report.

Promoting in India? Etsy has a plan for you

Etsy

Whereas many retail platforms preserve their concentrate on the West, Etsy branched out this week providing a information to assist US sellers push their merchandise in India. The Indian market funding looks like a sensible transfer from the corporate as corporations like Walmart and Amazon are additionally making their very own push. 

The announcement acknowledged, “We’ve got our sights set on India, and are excited to be investing in advertising to assist consumers in India uncover Etsy and your retailers, and to assist sellers in India like you might have new alternatives to develop your inventive companies.”

Clearly, getting paid is the important thing situation for many sellers. To assuage any fears, the corporate partnered with Razorpay to permit for safe worldwide funds. Sellers should enroll in Etsy’s India Funds program to realize entry to the fee system and turn into eligible for Etsy’s Buy Safety Program.

Different key factors from the information embrace:

  • International pricing technique growth
  • Updating delivery particulars
  • Including a Items and Providers Taxpayer Identification Quantity (GSTIN)

We’ll control how this performs out via the tip of the 12 months.

UPS arrives on eBay app, says extra options on the way in which

UPS delivery is now out there on the eBay cell app, the corporate introduced this week. The replace provides the Large Brown alongside FedEx and UPS to offer much more choices for sellers whereas they’re on the go. 

The announcement acknowledged, “We’ve been arduous at work to enhance the eBay app so that each one home delivery companies you might be used to deciding on when utilizing your desktop at the moment are out there on the eBay app.”

The net public sale firm additionally acknowledged their eBay customary envelope may even be out there on the app, and sellers can count on further options to drop within the coming weeks. 

American used automobile eCommerce platforms merge to kind the powerhouse

In a stock-for-stock deal, CarLotz and Shift introduced this week they’re merging right into a one-stop store for used automobile buying. Collectively, these two corporations will have the ability to reap the advantages of their complete product traces and platforms for each on-line and in-person used auto buying.

The deal is sensible, as Shift companies the West Coast, whereas CarLots has constructed its model within the Mid-Atlantic area. Now, they’ll have the ability to supply their inventories to the entire nation and probably turn into a number one omni-channel auto retailer.

CarLotz actually comes out on high within the deal as they’ll achieve entry to Shift’s at-home supply companies and proprietary stock acquisition engine. Sadly, the corporate can also be decreasing its workforce by 60% as a part of the deal. 

eBay lists unique Funko line

Again in Might, we reported that eBay was a part of a consortium of buyers in collectible toy creator Funko. As a part of the deal, the platform additionally grew to become Funko’s most well-liked secondary market. 

However this week, the corporate confirmed it is perhaps reducing out sellers as a part of the take care of some eBay unique launches. The listings seem in a headline banner on Funko searches. And should you click on a list it states, “Store with confidence: Direct from Funko – Merchandise bought straight by the model.” 

For sure, many Funko sellers on the platform weren’t pleased in regards to the information and took to social media to voice their displeasure. We’ll have to attend and see how this pans out within the coming months.

Third-party service suppliers to attend the Amazon Speed up convention

Whether or not you attend the convention in particular person or nearly, Amazon sellers could have the chance to talk with third-party service suppliers at Amazon Speed up this 12 months. This goes a step past what we’ve seen on the convention in earlier years, the place solely Amazon reps have been out there in breakout and Q&A classes — although they’ll be out there too.

The keynote speaker and host for the convention are Amazon VP, Worldwide Promoting Accomplice Providers, Dharmesh Mehta. You may see the entire agenda for the convention on the Amazon Speed up website. It’s a superb alternative to study suggestions and methods on rising your Amazon enterprise regardless of the way you attend.

Webinars

For everybody

Varied dates: Amazon promoting’s international webinar program continues with 20+ webinars scheduled, masking Prime Day Preparation, Sponsored Merchandise, Sponsored Manufacturers, reporting, optimization, and different suggestions. Amazon.

For US sellers

August 23: Utilizing Haul Sale To Supply and Downsize with Emma Theroux. eBay vendor occasions.

August 24: 2022 Playbook for This autumn and Vacation Success. Tinuiti.

For UK sellers

Varied dates: Amazon promoting’s international webinar program continues with 20+ webinars scheduled, masking Prime Day Preparation, Sponsored Merchandise, Sponsored Manufacturers, reporting, optimization, and different suggestions. Amazon.


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