Author: GeekSeller Editorial Team
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Etsy marketplace sales down 6% year-over-year, but up 141% compared to 2019
Etsy published its Second Quarter 2022 Financial Results. The marketplace GMS (Gross Merchandise Sales) was $2.6 billion in the 2nd quarter of this year, down 6% year-over-year. However, the GMV grew by 141% since 2019, showing a long terms positive trend. The second quarter of 2022 brought also approximately 6 million new buyers to Etsy,…
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Shopify brand is invisible to customers, and the E-commerce giant wants to change it
Despite its popularity among sellers, the customers are not aware of Shopify brand. Now Shopify wants to change it and increase customer awareness of its brand.
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YouTube Shopping from Shopify
Shopify sellers can now easily create live shopping experiences on YouTube and manage sales via Shopify.
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USPS Simplifies Package Shipping Options
The Postal Service announced its plans to incorporate USPS Retail Ground and Parcel Select Ground into one enhanced First-Class Package Service (FCPS) product. If approved, changes will take effect on January 8, 2023.
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eBay Open Seller Conference
eBay announced that it will hold its annual eBay Open conference on September 21-23, 2022. The event is designed to connect, educate and inspire sellers of all types and levels. This year’s event will mainly take place online, but sellers can also join eBay Open Studio, the in-person events that are happening on September 23…
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Selling Bundles and Kits through 3rd party systems with GeekSeller
Based on our customers’ demand, we needed to upgrade Bundles and Kits functionality. Right now sellers can fulfill orders for bundles and kits with components listed on another marketplace or 3PL system.
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USPS increases prices, First-Class Mail goes up by 6.5%
The United States Postal Service announced its plans to raise the prices. The change will take effect on July 10. The price hike will increase the cost of First-Class Mail by 6.5%, and a Forever stamp will rise from 58 cents to 60 cents. See the table below for a complete list of changes.
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Walmart Refund Adjustments
Recently Walmart has added a new feature to the Enhanced Returns program. This feature is called Refund Adjustments and can be used in various situations where you need to submit a partial or full refund manually.
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2022 Amazon Prime Day will happen on July 12 and 13
Amazon announced, that this year the famous 48-hour event kicks off July 12 at 3 a.m. EDT and runs through July 13. Sellers should review this Amazon Seller Central help page to check the eligibility criteria for Prime Exclusive Discounts and instructions on how to create them.
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Shopify will give cashback to customers for shopping in your store
Shoppers now earn 1% cashback on eligible purchases made via Shop Pay (Shopify’s payment processing system), but this cash is only redeemable in the Shop app. There is no cost to sellers, as Shopify is funding this cashback.