Ecom Influence

TL;DR

Let’s talk Temu, Bezos dominating Australia, Wish gets sold and more updates in D2C land.

Stock Prices

Quick Hits

WalMart to Buy Vizio? This would give Walmart a hardware play and a unique advertising platform.

Away luggage lays off 25% of staff and Nike cuts 1,600 people

Amazon Down Under - As they surpass Ebay as the Leading Marketplace in Australia

Hasbro Struggles - 20% decline in Q4 revenue, lost over $1 Billion and is now cutting 20% of workforce and HALF of their SKUs.

Crocs don’t miss. Record annual revenue of $4 Billion

Listing of the Week

Nothing stood out to us this week. We’ll keep looking

Thread of the Week

Inventory placement fees are a hot topic right now and they are ROUGH. Check out this thread.

PER UNIT costs can easily be upwards of 40 cents a unit. It’s either that or get ready to ship to 4 locations (also increasing costs

More here with Seller Sessions if you like a good podcast.

Join Us At MDS Inspire (during Prosper) in Vegas

As a member of MDS for many years, I can’t recommend them more. If you want to meet a diverse set of some of the top amazon and d2c entrepreneurs from around the US and world, you need to join MDS. Inspire is the only event of the year for non-members and allows you a chance meet people and see what it is all about.

Network with 300+ top Amazon sellers and preferred partners at this invite-only event.

Wish to Sell for $173M

Wish (the original Temu), previously went public at a valuation of over $1.1 Billion. Now they’ve been bought for $173 Million by Qoo10. The company is unprofitable with declining sales and previously laid off a large percentage of its workforce.

Target launches “Dealworthy” Brand

Target is taking aim at budget-conscious customers with a new inexpensive brand with prices for everyday basics that between $1-10 for most items. More economics signs everywhere that people are being squeezed as Target ramps up competition with Walmart and Dollar Stores.

Chinese Sellers Continue to Dominate

Per MarketplacePulse, China-based sellers represent nearly 50% of the top sellers on Amazon in the U.S and continues to add marketshare.

That’s roughly half the $187 billion that 3rd party sellers pay to amazon. Not a surprise they continue to go direct.

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