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Return Fees, More ChatGPT, 2nd hand marketplaces and more
💲30 second ecommerce update
No Time For Dat
February 06, 2023
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Poll
Results from Friday
We're thinking of launching a YouTube channel where we'd read out the ecommerce headlines and summaries in a short, quick vid.
🟨🟨🟨⬜️⬜️⬜️ Yes (7)
🟨🟨🟨⬜️⬜️⬜️ Absolutely (6)
🟩🟩🟩🟩🟩🟩 No (13)
🟨🟨🟨🟨⬜️⬜️ Lol, no (9)
Looks like you all said, yeah, nah.
Today’s Poll:
Ecommerce News, Tips and Trends
News & Numbers
Major retailers are charging more return fees on ecommerce purchases: stats and details Key takeaways: 60% of retailers are changing their returns policies to help mitigate the cost of processing ecommerce returns. 41% of retailers Digital Commerce 360 surveyed offered an extended return period during the 2022 holiday season. 73% of retailers rank returns as a “moderate-to-severe issue for their business.” read
Forbes: E-Commerce Retail Just Passed $1 Trillion For The First Time Ever read
Yahoo: 17 Most Valuable E-Commerce Companies in the World read
Levi (the jeans brand) grew ecom by 5% last year - some interesting insights read
B2B Q3 ‘22 Market Report - a detailed whitepaper detailing trends and metrics in the B2B ecom space read
China and U.S. produce >50% of global Fashion revenue. 30% of global online Fashion revenue is produced in China, share in total global eCommerce even higher read
Buy-now-pay-later: More popular among women: data read
Pottery Barn Kids, Pottery Barn Teen launch mobile apps read
Tips
Import Dojo analyse a 6 year old FBA Amazon brand, with some tips on how to improve it read
The Smallest Changes That Had the Largest Impacts: 4 CEO Case Studies - a great podcast + transcript on strategies for CEO’s of SMB’s read
A practical guide on how to use ChatGPT to improve ecommerce conversions read
Neil Patel: What Makes a Top-Performing Amazon Listing? A nice strategic overview read
Trends
Live Oak Bank, one of the largest SBA lenders in the US, with a breakdown of small business lending for Q4 ‘22 read
62% of e-commerce organisations believe that in 2023 real-time data collection will be their primary focus read
Canada Goose and Francesca’s announced the launch of their own respective re-commerce sites as more brands continue to explore the secondhand market. read
Brands are promoting affordability in their marketing amid inflation read
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Tabs makes “sex chocolate”. Last month they sold half a million worth.
Oliver is the founder. A 21-year-old college kid from New York. I spoke to him on Friday.
There's one thing Tabs do ridiculously well:
— Harry's Marketing Examples (@GoodMarketingHQ)
2:30 PM • Feb 3, 2023
Tool of the day
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