Each week we gather the top three eCommerce news items of the week. Here’s what stood out for us this week!
Amazon Prime Day 2020 was a “record-breaking event for small and medium businesses” as third-party seller sales grew more than Amazon’s own.
Third-party sellers, which now account for more than 60 per cent of total sales at Amazon, saw sales grow nearly 60 per cent compared to Prime Day 2019, surpassing $3.5 billion for the first time.
While Amazon does not reveal its blow-by-blow figures for Prime Day, this year it has gone out of its way to emphasise the success of smaller independent retailers. Read the full article here.
John Lewis Partnership is set to undergo a major digital restructure and invest £1 billion into growing its online business to ensure it will “thrive for the next century, as it has the last”.
Its new chair Dame Sharon White has set out a bold new five-year plan to dramatically shift the company’s focus online, while expanding beyond retail and exploring new partnerships.
Primarily, White plans to use £1 billion saved from streamlining its head office operations to invest in expanding its digital capabilities, including ecommerce, virtual shopping and home delivery. Read the full article here.
Founder & CEO of electricals e-tailer AO.com, John Roberts, described the last six months of trading as “like no other during my two decades in the business”, as the company posted a 57% year-on-year rise in revenue.
He added: “Whilst we remain mindful of the uncertain economic climate caused by the pandemic and Brexit, we are on track with plans and well set for our biggest ever peak trading period in the UK and Germany.” Read the full article here.