May 31, 2022

Global Ecommerce Weekly News: 31st May 2022

By Kayla de Oliveira / Global Ecommerce, Ecommerce Trends, Amazon

Get up to date with this week's ecommerce headlines from around the globe.

Amazon News

Amazon opens first physical clothing store with tech-enabled fitting rooms

Amazon has opened its debut Amazon Style store in Los Angeles, where customers can enjoy a personalised shopping experience. The store allows shoppers to use an app to scan items they want to purchase, and provides them with a choice to have the items sent to a fitting room or straight to the checkout counter, where they can pay with Amazon’s palm recognition service. The touchscreen panels in the fitting rooms allow the user to browse other options and even purchase them digitally.

Read more on Charged Retail

Amazon shareholders reject 15 motions on worker rights and environment

Investors presented 15 resolutions to positively influence Amazon’s environmental impact and treatment of workers, and Amazon shareholders voted to reject all resolutions that were brought forward. Amazon’s board argued in its proxy statement that it has already acted to address the underlying concerns of the proposals that were put forward.

Read more on The Guardian

Amazon and Walmart have empty shelves and excess staff

Following a period of accelerated growth during the pandemic, when shoppers were purchasing more online, online retailers are now seeing a slow of business. Two of the largest ecommerce giants, Amazon and Walmart, have been unsuccessful in anticipating staffing and warehousing needs, experiencing reduced productivity and higher costs.

Read more on The Load Star

Other Marketplace News

Ebay Ads research finds shoppers turning towards second-hand items

The cost of living crisis is pushing consumers to shop for second-hand items. A survey of 1000 consumers found that 30% are putting more thought into their purchases, and buying a higher amount of second-hand items in an effort to save money. Between the rising cost of living and a growing desire to shop sustainably, the move towards ‘pre-owned’ has been rising consistently year-on-year.

Read more on Charged Retail

Klarna switches focus to short-term profitability

After cutting 10% of its staff amid a ‘likely recession’, buy now pay later giant, Klarna, has decided to change its strategy. Rising prices, shifts in consumer sentiments and the ongoing war in Ukraine has resulted in the company needing to raise capital. Klarna’s CEO has mentioned that the company will change the weighting of its investments, focusing more on short-term profitability instead of long-term new, potential investments.

Read more on Charged Retail

Alibaba, Tencent and have all posted their slowest revenue growth

Chinese tech giants, Alibaba, Tencent and, have all seen their slowest revenue growth to date. Beijing’s tech crackdown and a recent Covid resurgence with stay-home orders in China has disrupted supply chains and logistics, creating challenges for efficiency and growth.

Read more on CNBC

Alibaba exceeds analysts’ expectations as its stock rallied by 15%

Chinese tech giant, Alibaba, continues to grow despite facing recent challenges. Meanwhile, the company’s main competitor, Singapore-based Shopee has grown by 94% in the same period. Assuming Alibaba is on track to achieve 5-10% growth this year, Shopee has the opportunity to beat the Chinese giant’s stable by 15-30%.

Read more on Vulcan Post

More Resources
Germany Shopper Report 2022
UK Shopper Report 2022
Tmall Global Benchmarking Report 2022
UAE Shopper Report 2022