110 notes tagged as ["Marketplaces"]
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Ikea is planning to rival online furniture resale platforms such as Facebook Marketplace, eBay and Shpock with the launch of its new peer-to-peer marketplace.
The Swedish giant is trialling a platform which allows customers to sell their unwanted Ikea pieces in Madrid in Spain, and Oslo inNorway, before looking to expand the model to more cities.
Global retail boss Tolga Öncü explains the vast majority of home furnishings that are being sold between consumers are Ikea products and as such, “there is a big opportunity to help facilitate that, with more easy access to Ikea data about those products”.
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The back-to-school season is upon us, and for retailers, it represents a golden opportunity. As the second-largest shopping event of the year, back-to-school shopping provides a crucial chance for brands to boost their profitability. Americans spent a staggering $135.5 billion on back-to-school and back-to-college shopping in 2023, and this figure is projected to skyrocket to $189.7 billion by 2028. We’ve put together a comprehensive guide to help digital marketers leverage Google Ads, Amazon Ads, and paid social to make the most of this peak period.
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A visit to the Amazon “Just Walk Out” lab revealed the omnichannel giant’s visionary and open approach to its cashierless shopping platform. I recently had the opportunity to participate in a press tour of the labs and offices where Amazon develops its “ Just Walk Out” checkout-free shopping platform, which is both used by Amazon and licensed to third-party retailers.
While I have already covered the new multi-modal artificial intelligence foundation Amazon is using to support Just Walk Out (which itself is based on generative AI technology), in this week’s column I want to take a closer look at a few strategic elements underpinning Amazon’s growth-oriented technological approach to frictionless shopping.
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How to win the Buy Box on marketplaces
What is the most important thing for marketplace sellers? Exactly, the Buy Box! If you don’t have the Buy Box for your products on marketplaces, you are at an enormous competitive disadvantage. Between 50 and 80% of all sales go to the Buy Box on marketplaces (depending on the marketplace). So how can a retailer increase the chances of winning the Buy Box?
This article serves as your strategic playbook, offering a balanced blend of insights and actionable strategies to conquer the Buy Box across Europe’s most important marketplaces such as Amazon, Zalando, Cdiscount, Bol.com, etc.
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TikTok establishes new deal with Amazon to facilitate in-app purchases
TikTok’s still trying to get people to buy more things in the app, this time via a new integration with Amazon that’ll enable TikTok users to make an Amazon purchase in-stream, without having to tap through to the Amazon app or website.
Amazon’s new partnership with TikTok will facilitate more direct integration between the two apps. Pinterest has also signed up to a similar arrangement with the commerce giant, though only TikTok has made an official announcement as yet.
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Consumer preferences in the digital-first economy
In a down economy, what do consumers want? The trends are clear: consumers are looking for value, reliability and a great experience, and they’re finding it online.
A survey of 9,600 respondents shows consumers are in a period of transition. Fewer than 1 in 5 respondents continue to shop with the brands they trust regardless of price, putting pressure on brands that rely on loyalty to take a new approach.
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The use of artificial intelligence in marketplaces white paper
With Artificial Intelligence (AI) shaping the future of business in nearly every industry, it is important to look at how it is changing the business landscape in the context of online marketplaces. This whitepaper examines the mainstream utility AI brings to the table through the lens of buyers, sellers, and marketplace operators and studies the specialized use cases for each.
Artificial Intelligence is here in a very real way that is actively benefitting marketplace customers, sellers, and operators…
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Influencers & Amazon 2024
We surveyed over 1,200 American consumers to learn about their Amazon purchasing behavior and how much influencers impact their purchasing decisions. The report is based on U.S. consumer sentiment and examines the effectiveness of influencer marketing on purchasing behavior and its impact on products sold on Amazon.
The survey found that 59% of social media users surveyed have purchased a product after seeing it used by an influencer, and 94% of those consumers have made influencer-inspired purchases on Amazon. Additionally, consumers who make purchases based on influencer recommendations are 2.4 times more likely to purchase on Amazon than any other website.
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Entering the marketplace era
Marketplaces are increasingly playing a central role in eCommerce. For manufacturers and retailers, they are a vital channel providing a new additional source of revenue. Marketplaces offer a way to expand reach, attract new customers, and improve SEO by building a ‘one-stop-shop’ destination for their customers.
More than 40% of all post-pandemic online spending globally is taking place on marketplaces, with online accounting for 51% of all retail sales in 2021.
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8 Amazon ecommerce trends for 2024
Are you among the millions of shoppers who frequently hit the ‘Add to Cart’ button on Amazon? Maybe even so often that you sometimes lose track of just how many packages arrive at your doorstep each week? We’ve all been there – the convenience of online shopping, especially on Amazon, is hard to resist. But have you ever wondered about the behind-the-scenes magic that makes your shopping experience so smoothe or how preferred products land in your recommendations? Let’s dive into the Amazon trends of 2024.
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How Amazon taps AI to achieve sustainability goals
Amazon has embedded sustainability into its core strategy, looking to be net-zero carbon by 2040 as part of its Climate Pledge. To do so, the company has accelerated efforts by leveraging artificial intelligence and machine learning.
The company’s vice president and head of worldwide sustainability, Kara Hurst, recently detailed these initiatives in a blog post, stating that “artificial intelligence and machine learning can help us meet our climate goals at the speed, scale, and urgency our planet requires.”