Friday, March 19, 2021

Turning an economic corner? - Marketplace

Publisher: Marketplace
Twitter: @Marketplace
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Walmart Opens E-Commerce Marketplace to Non-US Vendors | Transport Topics

This month, the world's largest retailer began opening up its third-party marketplace to foreign sellers, who no longer need a U.S. address or business tax identification. The vendors still will be carefully vetted, both locally and by Walmart's global trust and safety team, to prevent the listing of unsavory items. The new sellers will make up just a fraction of Walmart's total seller population, which is mainly based in the U.S.

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Walmart is looking to expand its marketplace, where suppliers can offer their products via the company's website, and the services that branch off of it, like fulfillment and advertising. For retailers, marketplaces are attractive because they provide revenue from fees without the cost of storing inventory. Last year, Walmart began offering fulfillment services for its marketplace sellers, a move that Amazon made 15 years ago.

Publisher: Transport Topics
Date: 2021-03-19T12:00:00-04:00
Author: Spencer Soper and Matthew Boyle
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Walmart Lets Int'l Merchants On Its Marketplace | PYMNTS.com

Walmart started to open its third-party marketplace to merchants outside of the United States in March. Those merchants don't need a domestic address or business tax identification anymore. However, the merchants will continue to be vetted by the retailer's global trust and safety workforce and locally, according to the report.

"We have strong relationships with many reputable companies around the world and we have some of the most rigorous seller requirements in the industry," Walmart said in a statement, as per the report. "As a result, we are opening our U.S. marketplace to a limited number of international companies who share our commitment to customer trust and safety."

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Date: 2021-03-19T11:00:08-04:00
Twitter: @PYMNTS.com
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Despite more savings, American households still have a lot of debt - Marketplace

Survey data on American finances during the COVID-19 pandemic seems to suggest something of a split, bifurcated economy.

David Brancaccio: So despite the savings we’re hearing about, we’re still really indebted?

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Farrel l : Well, this is one of the most striking and disturbing signs that, there’s recent research coming out about how people 70 years and older are increasing their debts. It’s partially mortgage debt, it’s also credit card debt. And this is something that we haven’t seen for a long period of time. And what it seems to be is that people are borrowing in order to, you know, pay for their medications, to meet the basic necessities. So that is disturbing.

Publisher: Marketplace
Date: 2021-03-19T10:39:52-07:00
Twitter: @Marketplace
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While you're here, how about this:

Holstein Marketplace Sires Seeking Potential New Bulls
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Twitter: @#!/HoardsDairyman
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What tax questions do you have this year? - Marketplace

People have moved to different states and collected unemployment benefits , raising questions about how to handle an already confusing process. The IRS’ phone lines have also been backed up, meaning it can take a while to get through to the agency. While we can’t offer financial advice, we can ask the experts to weigh in on your most pressing concerns.

As the May 17 deadline approaches, Marketplace wants to know if you have any tax questions. Let us know what you want answered using the form below.

Publisher: Marketplace
Date: 2021-03-19T13:00:00-07:00
Twitter: @Marketplace
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NFT marketplace OpenSea raises $23 million from a16z – TechCrunch

OpenSea has been one of a handful of NFT marketplaces to explode in popularity in recent weeks as collectors wade into the trading of non-fungible tokens on the blockchain. While new startups have been popping up everyday, platforms that launched in crypto’s earlier times are receiving rampant attention from investors who see this wave of excitement for cryptocurrencies and tokens as much different than the ones that preceded it.

Today, the startup announced that it’s closed a $23 million round of funding led by Andreessen Horowitz with participation from a laundry list of angels and firms including Naval Ravikant, Mark Cuban, Alexis Ohanian, Dylan Field and Linda Xie.

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Publisher: TechCrunch
Date: 2021-03-18 12:57:38
Twitter: @techcrunch
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Hudson's Bay Launches an Online Marketplace

Hudson's Bay has transformed its e-commerce website into a marketplace format, which launches today with an assortment augmented by nearly 300 brands and many categories never before carried by the Canadian retailer.

By the end of 2021, Hudson's Bay expects to have added more than 1,000 brands to thebay.com. There have been 1,670 brands on the website.

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Categories Hudson's Bay is introducing Friday through its marketplace include pet supplies; books; stationery; health and wellness; gourmet food; electronics including televisions, headphones, computers and smart home devices such as security cameras and baby monitors; vintage designer handbags, and sports equipment, including outdoor gear as well as sports nutrition.

Twitter: @Yahoo
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