eCommerce News

The Konigle Team

7 min read

A summary of e-commerce news for the week of April 03, 2023

Walmart is redesigning its online marketplace homepage to accommodate the growing demand for e-commerce shopping. The redesign will include more brands and items for customers to choose from.

Walmart has launched a new website with improved images and live video, optimized to showcase its vast assortment of products. The company has made hundreds of enhancements over the past year to improve the digital experience for customers.

The latest upgrades made to attract more shoppers to online shopping, which has remained resilient during the coronavirus pandemic. Despite the surge in e-commerce orders during the lockdown, consumers continue to shop online more frequently than before.

The growth of e-commerce sales in 2022, accounted for 14.6% of total sales. The e-commerce market is projected to continue growing according to government data.

Monotype and Shopify have partnered to improve access to typography for professionals in the creative and retail industries worldwide.

Monotype Fonts, a font discovery, expertise, collaboration, and management solution, can now be licensed directly through a Shopify integration, allowing creative professionals to choose subscription packages that fit their unique needs and access a library of tens of thousands of world-class fonts.

The integration also supports a stronger marketplace for buying and selling fonts, delivering greater security, performance, and accessibility.

Monotype's agency partner program aims to streamline the design process, and now it is being extended to the Shopify agency partner network. The program places typography at the forefront of the commerce experience and aims to empower creatives to do their best work.

Amazon removed six million counterfeit items from its supply chain in 2022 and stopped over 800,000 attempts to create new selling accounts, according to a report released by the company. These measures prevented bad actors from publishing a single product for sale.

A decrease in the number of attempts from 6 million in 2020 to 2.5 million in 2021.

According to a report, Amazon's technology and experts have successfully identified and disposed of over six million counterfeit products in 2022, preventing them from being resold elsewhere in the global supply chain.

Amazon's Counterfeit Crimes Unit took legal action against or referred for investigation over 1,300 criminals in the US, UK, EU, and China in 2022, according to a report.

FedEx is planning to combine its Express, Ground, and Services units into a single entity by June 2022, in a move aimed at boosting profit margins and creating a unified air-ground network.

FedEx is reportedly considering selling its logistics unit, FedEx Logistics, as the company faces declining volumes and streamlines operations.

The move follows double-digit declines in monthly volumes and aircraft retirements, among other measures. FedEx also owns ShopRunner, which launched a new mobile app last year and ended its ground delivery contract with Amazon in 2019. Meanwhile, Amazon has been expanding its fulfillment operations and recently expanded its Buy With Prime to all eligible U.S. merchants.

FedEx's corporate strategy, involves slimming down its structure to compete with Amazon's dominance in the eCommerce market. Despite slowing eCommerce trends, Amazon still commands about 50% of the market share, making logistics and fulfillment a natural area of competition between the two companies.

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