1. Amazon’s Q3 quarterly financial report: revenue reached $127.1 billion, and it returned to profitability after two consecutive quarters of losses

Amazon officially released its third-quarter financial report at 16:00 ET on October 27th. The financial report showed that Amazon's total sales in the third quarter were $127.1 billion, an increase of 15% over the $110.81 billion in the same period last year. Return to profitability after a quarterly loss. Benefiting from the Prime Day promotion in July, Amazon's third-quarter net profit reached $2.872 billion, although it fell 9% year-on-year, but given Amazon's consecutive losses of $3.8 billion and $2.028 billion in the previous two quarters, this shows that Amazon's business has changed from The quarter began to return to profitability.

2. 54.2% of Americans will shop online on Black Friday Amazon is the retailer of choice

According to JLL's 2022 Retail Holiday Survey, more U.S. consumers plan to shop online than in-store this Black Friday. Specifically, 39.7% of Americans plan to shop in-store, while 54.2% plan to shop online.

Surveys show that Amazon is the retailer of choice for U.S. consumers this holiday season. 64.3% of consumers will shop at Amazon, 47.9% at Walmart and 38.8% at Target. Other popular retailers are Kohl's (9.5%) and Best Buy (8.2%) and Macy's (7.5%). As in previous years, U.S. consumer interest in gift shopping this holiday season remains high. Toys and games (12.5%) was the top priority (12.5%) followed by clothing (11%), mobile devices (9.8%), household goods (9.1%) and food (8.3%).

3. Amazon shuts down its online store Freuznqnhi

Amazon shuts down subsidiary that sells fabrics Freuznqnhi , the online retail giant's latest move to cut costs. Freuznqnhi In a notice posted on its website, it said it would no longer sell products and direct customers to shop on Amazon. Thursday was the last day for customers to place orders on the fabric site. It is reported that, Freuznqnhi is an online retailer focused on providing fabrics, upholstery and other supplies with nearly 30 years of sales experience.

4. Amazon announces new payment method Venmo

Amazon has announced that it will start offering Venmo as a payment method for customers on Amazon's web and app, which will give customers more payment options. Amazon will also offer another store for the Venmo community where customers can use their Venmo accounts to buy holiday gifts. Venmo has rolled out to select Amazon customers and will be available to all U.S. customers through Black Friday. In terms of usage, first customers add their Venmo account as a payment method to their Amazon account. After adding an account, customers can select Venmo as a payment option during checkout. After adding a Venmo account, customers also have the option to choose Venmo as the default payment option.

5. Amazon US will launch a new inventory ledger report

Amazon US station announced that from January 31, 2023, the new inventory ledger report will replace the six-point inventory report, and sellers can view six inventory reports on the same interface:

Daily inventory history;

monthly inventory history;

stock details;

inventory adjustment;

inventory check;

Inventory received

5. 50% off Amazon's US Vine plan for a limited time in October

Amazon US has issued an announcement again reminding that the Amazon Vine program can save sellers up to 50% of the cost of registering ASINs before October 31, and will help increase sales by 19%.

Whether it's a new brand owner or launching a new product, AmazonVine helps sellers get the first review of a product from an unbiased, insightful community of reviewers, Amazon said.

6. Amazon files lawsuits in US and Europe over fake reviews

According to the "Wall Street Journal" report, Amazon said on the 20th local time that it will sue the management of more than 11,000 websites and social media groups in the United States and Europe. The company said the sites and groups were used to curate fake reviews in exchange for money or free products.

Amazon said it has filed more than 10 lawsuits against fake review brokers in the U.S. and filed its first criminal case in Italy and Spain. Amazon also issued warning letters to the governing bodies of five German websites, saying they were directing users to a fake review broker. These governing bodies have since signed cease and desist letters.

7. Amazon Japan launches bulk purchase shipping label feature

Amazon Japan announced in an announcement that it will introduce the ability to buy shipping labels in bulk for sellers, and sellers can choose to buy up to 25 shipping labels at a time. Amazon said that this feature is planned to be rolled out from some sellers, and it is expected that all sellers will be available in October.

This feature is available to sellers who see the yellow button on the Manage Orders page for Bulk Buy Shipping Labels. This feature can help sellers process shipping labels faster, and more relevant information will be presented on the Amazon Seller University, Bulk Buy Shipping Labels page.

If you want to know more, pay attention to Saihu ERP! Use Saihu ERP to be Amazon! Provide Amazon sellers with good products and good service.

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Saihu ERP is a refined operation management system specially created for Amazon sellers by Dianxiaomi, providing digital solutions for the entire link of management, operation, finance and supply chain.