The US Postal Service reported revenue of $17.1 billion in its 3rd fiscal quarter (April 1, 2019 – June 30, 2019), essentially unchanged compared to the same quarter last year, while it experienced a net loss of nearly $2.3 billion. Read more
The owner of a California-based camera shop sued the state’s sales tax division over what the LA Times referred to as its “gotcha” approach to tax collection. The newspaper explained in an editorial in May why some merchants who sold Read more
In June, word leaked that FedEx would no longer deliver Amazon packages by air, and today, both companies confirmed they were ending their ground-delivery contract as well. Amazon has relied more heavily on UPS and USPS than on FedEx anyway, Read more
This year’s UPS benchmark survey sheds light on ecommerce and marketplace trends including which factors are most important to online shoppers. The 2019 UPS Pulse of the Online Shopper surveyed 18,000 consumers in 15 countries between December 2018 and January Read more
Sellers who use Amazon FBA fulfillment services can now offer their overstock and clearance items on Amazon Outlet. Unlike Amazon Warehouse, where buyers can shop for deals on returns and refurbished goods, Amazon Outlet is for shopping discounted new products. Read more
Amazon is trying to hook students on its Prime membership program by adding a new offer. Prime Student members can subscribe to Amazon Music Unlimited for $0.99/month. Starting today, new and current Prime Student members can subscribe to Amazon Music Read more
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible losers: big banks, according to Read more
eBay called attention to a new store by featuring it in the corporate blog, a privilege not afforded to most sellers. The North Face’s authorized partner Premium Direct opened the eBay Store, which features 15 styles priced under $150. eBay Read more
A new survey of nearly 31,000 consumers found half of Americans will change their shopping habits due to impending tariffs on consumer goods. Shopkick, a mobile shopping-rewards app, found that 44% of respondents would reduce their shopping, while 25% said Read more
Poshmark reported a data breach on Thursday. The mobile app described which information it believes was acquired by “an unauthorized third party,” and which information it believes was not obtained. Poshmark said it did not believe passwords were compromised, but Read more
