Amazon explained why it’s moving Prime Day up in the calendar this year – and said it had actually intended to do so last year. CFO Brian Olsavsky said Amazon Prime Day will be held by the end of the Read more
Amazon grew total sales 44% in the first three months of 2021 for its entire business, including the Amazon Marketplace. Sellers accounted for 55% of Amazon worldwide paid units (excluding Whole Foods Market). In Thursday’s press release announcing earnings, it Read more
eBay Gross Merchandise Volume grew 29% in the first three months of 2021, or 24% on an FX-neutral basis (foreign exchange). Meanwhile, eBay took in $3 billion in revenue, up 42% on an as-reported basis and up 38% on an Read more
Online sellers are increasingly burdened with tax regulations at every jurisdictional level, at home and abroad. On Tuesday, payments platform Stripe announced it will acquire TaxJar to help online businesses deal with tax compliance. For readers who use TaxJar and Read more
eBay’s fastest growing categories in the first three months of 2021 were Electronics, Apparel, Sporting Goods, and Home, according to Wall Street firm Cowen and Company. Cowen published a research note ahead of eBay’s 1st-quarter earnings release, which is set Read more
Figures released on Monday reveal that the sudden departure of eBay CEO Devin Wenig in September 2019 proved costly for the company beyond his $57 million exit package that year. In 2020, eBay had two CEOs: an interim chief executive Read more
Amazon expanded its IP Accelerator program to Canada. The service helps connect small businesses with lawyers so they can secure their brands’ trademarks and intellectual property rights. The program launched in the US in 2019 and has since expanded to Read more
eBay sellers who pay extra to have a Store on the platform can now customize coupons to entice shoppers to buy. eBay had announced the new capability as part of the Spring Seller Update on March 3, 2021. The new Read more
Discount marketplace Tophatter announced new integrated games to make online shopping more fun and engaging. Earlier this month, it said customers could earn points and redeem rewards, giving them an edge when bidding on products. Tophatter operates at the intersection Read more
Online marketplace Bonanza invited sellers to participate in its sitewide Spring Sale, which is powered by a special coupon code. The company explained: “Bonanza will be hosting another community-wide DIY sale this spring; from May 5 – May 12. Every Read more
