Walmart’s recent partnership with Shopify to expand its online marketplace appears to already be paying off. The retailer in June announced it was opening its marketplace to Shopify’s small business sellers with the goal of onboarding 1,200 new sellers by the end of 2020. Following the Shopify announcement, the marketplace added 3,000 more sellers in June and is expected to exceed 3,600 in July, according to a new report from research firm Marketplace Pulse.
While you're here, how about this:
Dealing with the ups and downs of managing a marketplace
Butters : We now offer "lease listings," which was started by SIA Engineering Co. in Singapore realizing that airlines in Asia Pacific might be cash-strapped, so a leasing option might be a better alternative for them.
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Companies like airlines, that historically were focused on keeping passengers flying, might want to sell and offload inventory for cash, but they're not used to trading, buying, and selling inventory. Companies like HAT can sell their inventory for them by using a consignment model. Editor's note: Honeywell Aerospace Trading (HAT) is a virtual consignment service and sells inventory through GoDirect Trade.
Walmart Doubles Marketplace Size in a Year - Marketplace Pulse
Walmart marketplace has surpassed 50,000 sellers, doubling in size from July 2019. The partnership with Shopify, announced on June 15th, has accelerated its growth, bringing over 5,000 new sellers during the six weeks since.
In 2020 so far, more than 15,000 new sellers joined the marketplace. However, while at the start of the year it was adding 1,400 sellers a month, by April, that number has grown to 2,300. Following the partnership with Shopify announcement, it added more than 3,000 sellers in June and is on target to exceed 3,600 in July. Compared to January, that’s three times more.
A gold rush means nothing good for this economy - Marketplace
Not to change the topic here:
Facebook Marketplace listing offers Porsche dealership sign for $12,300
Someone on Facebook Marketplace is selling "an ultra-rare piece" of Porsche history: A massive dealership sign.
A listing on Facebook's selling platform popped up recently with photos of a 16-foot red sign that says "Porsche" in all capital letters. The person selling the sign, "Maverick Mavericks," is asking for $12,300 for each.
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"This restored Porsche dealership letters will make a stunning and remarkable addition to your Porsche collection," the listing says. "Perfect for man caves, cool garages, and Porsche collectors alike."
Botanist is opening a rooftop marketplace - Eater Portland
Havana Cafe, a Cuban restaurant from chef Pablo Portilla of Mi Mero Mole, is the first restaurant to join the marketplace
As Portland bars and restaurants prepared to re-open for dine-in service in early June , Robbie Wilson and Matt Davidson, co-owners of Botanist , knew that their cozy, subterranean bar wouldn't work under the new social distancing guidelines. Luckily, their landlords had another space in mind: the sprawling rooftop patio next door, previously home to On Deck Sports Bar.
Gold hits record amid investor skepticism of economy, stocks, bonds - Marketplace
In this precarious economic environment, it's hard to believe that any kind of investment would hit a record high. Which of course happened today — to gold. The precious metal is famous as a so-called safe haven when investors get scared away from other assets. And in this case, there is growing pessimism about the broader U.S. economy.
Gold is typically a none-of-the-above investment. When there's no other good answer, people buy gold.
“If you're in an environment where you're expecting yields to be low or negative or zero for an extended period of time, which is what the Fed has suggested, it certainly sends you in other directions,” said Steven Dunn, head of exchange-traded funds at Aberdeen Standard Investments.
The Online Grocery Marketplace is Booming in the Bay Area. Here's Why | KQED
The coronavirus pandemic has transformed grocery shopping. Grocery sales have increased significantly since the onset of the pandemic, and the convenience and safety of online grocery and delivery companies have contributed to a historical boom.
Two Bay Area online grocers in this swift growth are Good Eggs and Imperfect Foods. Each company is carving out a respective corner in the burgeoning marketplace by adding values to their missions around product quality, affordability and above-average compensation that sets them apart from gig-economy fueled tech companies like Instacart and Postmates.
Happening on Twitter
REPORT: Walmart, CVS, Walgreens, Home Depot, Lowe's, and several other nationwide retailers WALK BACK face mask man… https://t.co/lInXyB1dd7 ChuckCallesto (from Florida, USA) Mon Jul 27 03:01:28 +0000 2020
This racist couple wore SWASTIKA masks to @Walmart in Marshall, MN. This is so disturbing. I especially feel for th… https://t.co/ONnoeqogzX AttorneyCrump (from Tallahassee, FL) Sun Jul 26 15:25:36 +0000 2020
Target will close on Thanksgiving Day, joining Walmart in eliminating Black Friday, long criticized for making low-… https://t.co/DmP6ZYeJAj ajplus Mon Jul 27 16:15:18 +0000 2020
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