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August 4, 2023

This week is all about SPEED!

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We know how fast things can change in the e-commerce world. And this week, speed is the name of the game. As we tread into another week of game-changing innovations, here's what you need to know:

Amazon is expanding its same-day delivery capabilities as part of its efforts to enhance speed and efficiency.
Meta is developing AI-powered chatbots in an effort to retain users.
Shein is actively looking for Amazon sellers to join its online marketplace.
Fanatics ventures into the live events arena with the launch of their new live commerce shopping application.

The Amazon Corner

Packages in a Flash: Amazon is Expanding its Same-Day Delivery

Photo Credit: Megan Poinski/Retail Dive

Fast, faster, Amazon! On July 31, Amazon.com Inc. revealed its plans to expand the number of same-day delivery facilities in the United States. This strategic move is aimed at solidifying Amazon's position as the frontrunner in the $1.4 trillion online shopping market.

Ensuring swift delivery remains a top priority for Amazon. According to the company, over half of all orders made by Prime subscribers in the 60 largest metropolitan areas were received within the same or next day during the most recent quarter. Moreover, Amazon reported delivering more than 1.8 billion items to Prime members in the U.S. through same-day or one-day delivery so far this year, marking a remarkable fourfold increase compared to the same period in 2019.

Check out the full story here...

The Power of AI?: Meta is Working on the Development of AI-Powered Chatbots to Enhance User Retention

Photo Credit: REUTERS/Yves Herman

Meet Meta! According to the report, Meta is currently working on designing chatbot prototypes that aim to engage users with more humanlike discussions on its social media platforms. This initiative is intended to enhance the company's engagement levels and has been attributed to insiders familiar with the company's plans.

In addition, Meta is currently exploring the development of chatbots with unique personalities. One chatbot aims to mimic Abraham Lincoln's speech, while another takes on the persona of a laid-back surfer to provide travel advice. These chatbots will not only introduce a new search function but also offer personalized recommendations.

As Meta executives prioritize improving user retention on their newly launched text-based app Threads, the latest report reveals that the app experienced a significant decline, losing over half of its users within weeks of its release on July 5th.

Read the report here...

Taking Over Amazon: Shein is Currently Seeking Amazon Sellers to Join its Online Marketplace

Photo Credit: Middle East Economy

A quest to take over Amazon... Shein Group Ltd is actively seeking Amazon sellers to join its newly launched online marketplace. To entice Amazon sellers, Shein offers attractive incentives such as zero commissions and reduced ad fees on their platform.

According to The WSJ, Shein is providing incentives to Amazon sellers who transition to their new marketplace. Sellers with at least $2 million in annual sales on Amazon are eligible for perks such as three months without commission fees and no charges for advertising. These enticing offers aim to motivate sellers to make the move and take advantage of the benefits offered by Shein.

A Live Shopping Experience: Fanatics Expands into the Live Events Arena

Photo Credit: Mike Coppola/Getty Images for Fanatics

Live shopping made easy! Fanatics is making strides in the world of sports collectibles and memorabilia with its expansion, likened to a Comic Con event. Additionally, the company is captivating its customers with a cutting-edge live-streaming app.

Apart from Fanatics Events, the company has introduced Fanatics Live, a live-streaming app that allows shoppers to purchase and trade collectibles and merchandise, as well as access exclusive content. It is set to be released in North America later this year, and users will have the ability to explore and personalize content tailored to their interests.

FUN FACT

After a negative experience, a staggering 62% of individuals are highly unlikely to revisit a mobile store.

LISTEN UP

In today’s market, consumers are more interested in shopping ethically than ever before. On this 96th episode of The E-Comm Show, Rachel Kois, the CEO & Founder of Simple Switch, an innovative online marketplace that sources sustainable products from a network of ethical suppliers. Learn more about how Simple Switch is redefining ethical shopping with its dropshipping model, the impact this has on consumers, and how you can work with them and make a difference.

Watch the full episode below, or visit TheEcommShow.com for more.

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