Cyber Week 2023 has left a distinct mark on the e-commerce landscape, showcasing trends that are reshaping how we shop online. Here’s a brief look at the key takeaways from this pivotal shopping period.
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Big news for anyone dealing with third-party platform payments: The IRS has announced a delay in implementing the new $600 Form 1099-K reporting threshold for 2023. Instead, they plan to phase in a higher threshold of $5,000 starting in 2024. This follows the decision to maintain the existing $20,000/200 transaction threshold for the 2022 tax year, which will now continue through 2023 as well.
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Here are my latest weekly notes, focusing on eCommerce marketplaces: #Walmart #Amazon #Tiktok #Grok #Openai
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Here are my latest weekly notes, focusing on eCommerce marketplaces: #Walmart #Amazon #Michaels #Woo
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My a bit messy, but short notes for the week of Oct 21 – 27, 2023. Keeping an eye on eCommerce marketplaces: #Walmart #Amazon
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A Stackline report unveils that only 0.2% of shoppers leave reviews despite their vital role in purchase decisions. The value of a five-star review can be substantial, significantly boosting visitor traffic and conversion rates. This highlights the importance of customer feedback in the online marketplace and indicates a need for brands to encourage reviews.
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Uber Connect now offers a “Return a Package” feature, allowing users to easily have couriers pick up and return their prepaid packages in over 4,950 U.S. cities.
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The first nine months of 2023 witnessed notable retailers like David’s Bridal and Bed Bath & Beyond filing for bankruptcy, with more possibly following suit. This uptick is due to rising operational costs and looming economic uncertainties. High debt levels further exacerbate the situation for retailers, with 11 of them, including Farfetch, Joann, Rite Aid, Big Lots, Kirkland’s, and Petco showing significant bankruptcy risk.
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The holidays are fast approaching, and big brands like Amazon, Walmart, Target, and Best Buy have announced their deal dates. If you’re a seller, these are important days to note and get ready to promote your products.
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