Etsy is changing its Terms of Use effective September 15, 2024, and existing sellers and buyers will not be able to opt out of its new arbitration clause. Only users new to Etsy will be able to opt “within 30 Read more
Amazon will raise FBA fulfillment fees during the 2024 peak holiday shopping season starting in mid-October. In Thursday’s announcement, the company told sellers its seasonal fee was similar to those charged by other major carriers and would cover increased fulfillment Read more
Etsy leverages the latest in Large Language Models (LLMs) and Generative AI to identify potentially offending content on its marketplace, saying in a post on Tuesday that it uses LLM to remove “potentially” violating or infringing items at scale. But Read more
The United States and eleven states sued Google in 2020 “to restrain Google LLC (Google) from unlawfully maintaining monopolies in the markets for general search services, search advertising, and general search text advertising in the United States through anticompetitive and Read more
Amazon told sellers it would protect their account from fallout from the recent CrowdStrike IT outage, which CNN said had been described as “the largest IT outage in history” that could cost Fortune 500 companies alone over $5 billion in Read more
Amazon grew North American sales 9% in the second quarter of 2024, year-over-year, and grew International sales 7% in Q2 (or 10% excluding changes in foreign exchange rates). Worldwide paid units grew 11% in the quarter, and third-party sellers accounted Read more
Amazon is running a Labor Day sale beginning August 26, 2024, and invited sellers to submit deals to participate. “These time-bound promotional offers can increase product discoverability and sales,” it said. The Amazon Labor Day sale runs through September 3, Read more
Etsy is launching a paid membership program for buyers called Etsy Insiders, offering free shipping and other benefits. And while Etsy will obtain membership fees and will subsidize the free shipping, it will rely on sellers to offer exclusive discounts Read more
eBay sales were virtually flat in the second quarter of 2024, growing 1% year-over-year, while eBay grew Q2 revenue by 2% on a currency-neutral basis in the quarter. eBay CEO Jamie Iannone said in Wednesday’s press release, “eBay’s strong Q2 Read more
Etsy marketplace GMS (Gross Merchandise Sales) was down 2.9% in the 2nd quarter, year-over-year, on a currency-neutral basis. Adding in results for its other marketplaces, Etsy said consolidated GMS was down 1.9%. Etsy CEO Josh Silverman said in Wednesday’s press Read more
