Tag: online marketplace

February 13, 2024

After years of decline, ContextLogic has sold its discount shopping app Wish for approximately $173 million in cash to Qoo10, an ecommerce platform that operates localized online marketplaces throughout Asia. Qoo10 is headquartered in Singapore and operates marketplaces in Singapore, […]

February 23, 2023

Online marketplace eBay has warned that demand will decline in the first half of 2023, after its holiday-quarter earnings fell due to strained consumer spending in the US and Europe. Shares declined by nearly 6% in trading after the bell, […]

June 6, 2022

Etsy has launched a new purchase protection program, designed to safeguard both buyers and sellers. Under the current rules, buyers have limited options if something goes wrong with their purchase. Typically, Etsy will direct a buyer back to the seller […]

February 2, 2022

Prices, product selection and shipping are among the key reasons for consumers turning to online marketplaces for their shopping, as 70% of shoppers say they are the “most convenient” places to shop. According to Mirakl’s State of Online Marketplace Adoption […]

November 19, 2021

Macy’s plans to launch a curated online marketplace that will recruit “carefully selected” third parties to sell their products on macys.com and bloomingdales.com. The platform will launch in the second half of 2022. Jeff Gennette, chairman and chief executive officer […]

August 12, 2021

Ebay’s shares have dipped two per cent in extended trading as it became the latest online retailer to show signs the pandemic-driven online boom is ending. Ebay saw sales jump 14 per cent to $2.7 billion over the three months […]

August 2, 2021

PayPal is aggressively adding new features for merchants, like in-store services, to shore up profits as its historic online marketplace partner, eBay, breaks away from the tie. PayPal has known for years that eBay planned to break away, and now […]

April 14, 2021

Since the advent of e-commerce retailers have continued to adapt their supply chain strategies to meet the demands of selling in a wide range of environments. Product returns from impulse buys done directly on social media may be higher than […]

February 24, 2021

An online sales tax would be “a huge mistake” retailers have warned as the industry splits in its support for the controversial tax. Retailers across the UK are vehemently voicing both their support and opposition to an “Amazon Tax” which […]

July 29, 2020

As the nation navigates the new normal, retailers continue to safely serve our communities across the country. But retailers are confronting an economy that has undergone major shifts during the course of the pandemic, as consumers continue to buy items […]

March 22, 2019

EBay’s addition of mobile payment platforms such as Google Pay and Apple Pay likely will appeal to the growing number of consumers who are becoming more comfortable with mobile payment platforms. Tech-savvy millennials and Generation Z have led the way […]

February 28, 2019

Shareholders are growing impatient with eBay’s sluggish sales and are looking for ways to extract what value remains. In a letter sent to the online marketplace’s board of directors last month, the Journal reported that Elliott disclosed its more than […]

August 17, 2017

Today’s retail startup can quickly become tomorrow’s Fortune 500 darling with a little luck and the right strategic vision. Every year Inc. ranks the 5,000 fastest growing privately owned American companies. This year, software company Skillz came in first place in the coveted list, […]

October 21, 2016

The value of goods sold on eBay Inc.’s U.S. marketplace increased to $8.38 billion in the third quarter ended Sept. 30, up 3.5% from $8.10 billion in the same period a year ago, the online marketplace reported Wednesday. For the […]

May 26, 2016

Many retailers sell a lot through online marketplaces like Amazon and eBay. What isn’t as clear, however, is whether merchants can acquire new customers through online marketplaces and, more importantly, if they can acquire loyal customers. A recent Internet Retailer […]