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- ๐ Marketplace ecosystem bundles๐๏ธ
๐ Marketplace ecosystem bundles๐๏ธ
Plus: Retail & ecom innovation leaders profiles๐ก
Welcome to MarketMaze, the #1 newsletter in the Marketplace and E-commerce space that keeps professionals ahead of the curve by keeping them smart and up to date with the latest insights in just 5 minutes weekly
๐This week maze:
1. The Big Story ๐ง
Marketplace ecosystem bundles๐๏ธ
2. Data ๐
Retail & ecom innovation leaders profiles๐ก
4. News ๐
๐ TikTok, Amazon, Amazon, Shopify, Amazon, Lufthansa, AliExpress, Car
๐ TikTok, Ebay, Shein, StockX, Vestiaire, Primark, Rebag
๐ Amazon, Getir, Wolt, Zomato, HelloFresh, Swiggy, Glovo
๐Alibaba, Klarna, EU, EU, BigCommerce, CommentSold, Decathlon, Newegg
5. Deals ๐ฆ
Alibaba, Whoppah, Paradigme, Schibsted
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1. The Big Story ๐ง
Marketplace ecosystem bundles๐๏ธ
83% of consumers express interest in use of a single app for all their digital services (Accenture's "Reinvent for Growth" survey)
Accenture predicts consumer spending through those bundles to reach $3.5 trillion by 2030.
Players from BigTech to Big Retail heavily invest in streaming, gaming, and livesports to build such bundles
Amazon's Prime membership and Apple's AppleOne subscription offer free shipping, grocery delivery, video & music streaming, and more.
Walmart & Reliance Retail Jio are also expanding into streaming, news, music, payments, devices, education, health, and financial services.
This bundle strategy extends beyond big players, as seen with Empik, a Polish retailer, following a similar path.
Seller bundles are just one side of the coin; marketplaces can offer similar bundles to sellers.
According to Packhelp study:
72% of merchants express interest in shipping solutions.
67% are interested in product listing optimization.
65% desire dedicated packaging solutions.
61% seek fulfillment services.
61% express interest in retail media.
While some marketplaces lead with selected services, comprehensive seller bundles have yet to be created.
Current seller services target merchant experience, paid value-added services, and operations optimisation across such areas as offer management, automated/connected commerce, and packaging
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2. Data ๐
Retail & ecom innovation leaders profiles๐ก
Research from BCG and the World Retail Congress reveals Innovative retail leaders invest more in creative endeavors and gain higher returns.
Retailers meeting criteria for innovation leaders invest 13% of annual revenue in innovation.
They achieve a 21% ROI, whereas retail laggards invest only 3% of revenue and earn a 9% ROI.
Leaders prioritize investments in three key areas:
Operational improvements (71%)
Big data, AI, and analytics (58%)
E-commerce (60%)
Within e-commerce, priorities include investing in:
Retail media networks (44%)
Marketplaces (42%)
Social commerce (39%)
Innovation leaders adopt a bold approach:
They shift customer expectations rather than follow trends.
They accelerate activities by collaborating with third parties and acquiring capabilities.
They invest in multiple initiatives simultaneously.
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4. News ๐
๐ Mass merchant
๐บ๐ธ TikTok's has 270 days before Biden's ban becomes law. Bytedance, its owner, may contest in court, sell, or shut TikTok down in the US
๐บ๐ธ Amazon scales down California drone project. Amazon discontinues its drone delivery service in Lockeford, CA, shifting focus to a new facility in Tolleson, AZ
๐ฒ๐ฝ Amazon and Mercado Libre face probe. As streaming costs rise, Mexico's COFECE (Mexico The Federal Economic Competition Commission) scrutinizes Amazon and Mercado Libre for potentially anti-competitive loyalty bundles, hinting at consumer impacts.
๐ฎ๐น Amazon hit with $10.6M fine in Italy for default recurring purchase options, affecting consumer freedom. AGCM (Italian Competition Authority) criticizes Amazon's design, pushing unwanted subscriptions.
๐ฉ๐ช Lufthansa Cargo expands with Temu. Lufthansa Cargo prepares to launch a dedicated route from Frankfurt to Zhengzhou for Temu, with 777F flights thrice weekly, responding to the surge in demand.
๐ฐ๐ท AliExpress beefs up South Korea's arm with $24.2M, marking the largest capital boost since its 2023 setup.
๐บ๐ธ Cart.com boosts Walmart Marketplace growth and eases seller onboarding to boost sales via advanced multichannel management tools.
๐ Fashion & Beauty
๐ฌ๐ง TikTok Shop brings secondhand luxury to the UK, a move that follows its successful venture in the US since 2022, where it has already sold over $1 billion worth of products.
๐ฌ๐ง Ebay launches UK livestream shopping. Ebay hosts its 1st UK livestream shopping event on May 1, featuring Katherine Ryanโs pre-loved fashion items.
๐ช๐บ Shein in Hot Water with EU. Shein has to fight counterfeit goods within 4 months under the DSA.
๐บ๐ธ StockX debuts new Apple Vision Pro shopping app , featuring 3D sneaker showcase, live market data, and 'Shop the look' feature.
๐ซ๐ท Vestiaire Collective reveals "price per use" statistics. For instance, a coat from Vestiaire Collective costs โฌ1.62/use, compared to โฌ4.83 for fast fashion. The study indicates pre-owned luxury is three times cheaper.
๐ฌ๐ง Primark boosts UK sales. Primark sees a 7.5% surge in H1 revenue to $5.6bn (ยฃ4.5bn), driven by new store openings and increased selling space. Plans are underway to expand its Click and Collect initiative across the UK, aiming for nationwide coverage by 2025.
๐บ๐ธ Rebag launches membership program to grow sales. Rebag launches Rebag+, charging $50/month or $500/year, converting into store credit, with perks like free shipping and returns.
๐ Food & Grocery
๐บ๐ธ Amazon launches US grocery subscription. Amazon unveils a $9.99/mo grocery subscription for Prime users, $4.99/mo for EBT cardholders. Free delivery on orders over $35.
๐ฉ๐ช Getir exits Germany, Investor triggers pullout. Getir, once valued at $7.5 billion, faces closure as its key investor withdraws support. A potential merger with competitor Flink is on the table.
๐ซ๐ฎ Wolt launches Double Order, letting customers order from two places at once with one delivery fee.
๐ฎ๐ณ Zomato's Blinkit Outshines Core Business. Blinkit, Zomato's quick commerce unit, valued at $13B, now eclipses the core food delivery valued at $11.4B.
๐ธ๐ช HelloFresh launches meal service in Sweden & Denmark. Following success in the US, Canada, Netherlands, & Belgium, this move expands the ready to eat sector in Europe, reflecting HelloFresh's global brand strategy.
๐ฎ๐ณ Swiggy Seeks $1.25B in IPO After Approval with new shares at $450M and existing shares at $800M.
๐ฐ๐ช Glovo, Uber Eats Open Offices in Kenya. Kenya's CAK mandates Glovo, Uber Eats to open offices following delays in complaint resolution, amidst growing customer dissatisfaction.
๐General
๐บ๐ธ Alibaba.com revolutionizes US SME logistics. Alibaba.com launches Logistics Marketplace, offering affordable solutions for US SMEs to streamline supply chains.
๐ธ๐ช Klarna's game-changing partnership with Uber!. Klarna joins forces with Uber in the USA, Germany, and Sweden, introducing the groundbreaking "Pay Now" feature, aligning payments with salary cycles.
๐ช๐บ EU adopts new rules to reduce packaging waste . New EU rules aim to reduce packaging waste with targets set for reduction and recycling. By 2030, certain single-use plastic packaging will be banned. The regulation emphasizes reuse, refill options, and recycling to build a circular economy.
๐ช๐บ EU-Parlament passes Right to Repair & Eco-design Law. EU-Parliament approves Right to Repair directive, expanding repair rights to smartphones, tablets, appliances. Manufacturers required to offer repairs during 2-year warranty, extendable by 1 year. Consumers to benefit from transparent repair costs.
๐บ๐ธ BigCommerce unveils 100+ updates, enhancing B2C and B2B experiences with new features like Catalyst and BigAI suite.
๐บ๐ธ CommentSold launches AI-powered tool, automating video creation for e-commerce, enhancing live selling. PopClips introduced for product tagging. Since 2017 CommentSold, facilitated $4.4B+ GMV.
๐ฌ๐ง Decathlon expands circular scheme. Decathlon extends buy-back plan, offering vouchers up to 40% of product value. Over 800K items expected to be refurbished or resold.
๐บ๐ธ Newegg launches free membership. Newegg introduces Newegg+, a free membership program offering perks like free shipping, exclusive deals, and advanced returns processing. Members gain VIP-style shopping experience.
5. Deals๐ฆ
๐ฐ๐ท Alibaba eyeing $72.4M Ably stake (fashion platform), expanding its influence in the global e-commerce sector and promoting cross-border trade.
๐ซ๐ท Whoppah Expands to France. Whoppah, Europe's largest online second-hand design marketplace, launches in France, aiming for pan-European dominance. With an internet penetration of nearly 94%, France presents significant growth opportunities. Whoppah's COO, Evelien Bunnik-Remmelts, highlights the scalability of their platform, backed by a solid multi-million euro turnover in Germany.
๐ซ๐ท Paradigme raises โฌ1.2M. French fashion resale start-up Paradigme raises โฌ1.2 million in funding from investors including Showroomprivรฉ. Founded by Fabien and Vincent Huchรฉ-Deniset, it offers B2B solutions to fashion brands and plans to expand its technology solutions and community of buyers and sellers.
๐ณ๐ด Schibsted acquires 9.99% of FINN from Polaris for NOK 2.5B, enhancing control. Polaris gains Schibsted shares.
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Thatโs all. See you next week in the ๐Maze!
Your guide through the maze
Artur Staลczuk Chief Strategy Officer at Packhelp, the leading European packaging marketplace. Previously worked ~8 yrs at Bain & Co. In the past, Digital Transformation Director at the leading Polish convenience chain ลปabka and Entrepreneur that co-launched 3 startups
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