Management / Reader: Get informed fast with this week’s hot news in the world of e-commerce
Reader: Get informed fast with this week’s hot news in the world of e-commerce
12 March 2018
Trump opens an online shop, Thanksgiving turns into an online retail epidemic and China becomes the new world leader in e-commerce…
Black Friday at the White House
Ever the salesman, even Donald Trump couldn’t resist getting in on the communal frenzy of Black Friday, as tacky Trump merchandise – from red MAGA baseball caps and mugs to coins and even dog leads – was flogged at a 30 per cent discount via The Donald’s Twitter feed. Tweeters queued up to pointedly ask the president if he would be donating the proceeds to the Puerto Rico hurricane relief fund, and it didn’t take long for internet comedians to ponder whether the Resolute desk from the Oval Office and flags from the 1776 War of Independence were up for grabs too. Read more at the Huffington Post.
Walking in a winter punterland
As sales records are broken year on year, it would seem even the holidays themselves aren’t sacred anymore (if they ever really were). Now Thanksgiving itself – or Black Friday Eve, as it will likely soon be known – has become another excuse for consumers to spend online. With $2.87billion going through tills this year, the US holiday is now challenging Black Friday and even Christmas for online sales, although it still has another $2.6billion to go to match Black Friday’s $5.03billion 2017 bonanza. TechCrunch crunches the numbers in this detailed breakdown, which includes plenty of useful stats and trends on purchasing behaviour: https://techcrunch.com/2017/11/23/2017-thanksgiving-ecommerce-sales
Amazon bows to China
Fake and poor-quality goods have been flooding the West via eBay and Amazon for years. But that hasn’t stopped China – where most of this counterfeit stock originates – itself introducing regulations on foreign agents selling goods into the country. Anyone selling in China will now have to go through approved channels, and pay hefty fees for the privilege, as outlined in this Forbes piece. Meanwhile, Reuters is reporting that similar rules governing the online sphere has led to Amazon selling off its cloud infrastructure in the country to official Chinese providers, on which Amazon’s data will now be held, in order to comply with the new regulations.
While foreigners in China must go through Chinese retailers, there are few regulations that give similarly strict protectionist control to US or UK authorities. Amazon is supporting the Chinese trade in this direction as well, as it is a favoured selling platform for many Chinese retailers.