Walmart launches Walmart + Weekend! Benchmark Amazon Prime Day!
On May 19, according to foreign media reports, Walmart recently announced the launch of Walmart + Weekend, a three-day promotion for Walmart + members, targeting Amazon's Prime Day.
The Walmart + Weekend sale, which runs from June 2 to June 5, will offer Walmart+ members exclusive discounts on thousands of popular products including electronics, apparel, home appliances, toys, seasonal items, and more . In addition, those who subscribe to a Walmart+ membership during the sale period will receive a $20 promo code.
TikTok becomes the third largest social app in the US
On May 18, according to a survey by Edison Research, TikTok became the third most used social media app in the United States, after Meta's Facebook and Instagram.
About 36% of young people between the ages of 12 and 34 use TikTok.
Source: Edison Research
Walmart's first-quarter net profit drops 25%
On May 18, Walmart released its financial report for the first quarter of fiscal year 2023. In the first quarter, revenue was US$141.6 billion, a year-on-year increase of 2.4%; net profit was US$2.05 billion, a year-on-year decrease of 25%. Affected by the performance, Walmart's US stocks closed down 11.38% on Tuesday, and the market value evaporated about 310 billion yuan overnight.
However, Walmart China's e-commerce business has performed well, with e-commerce revenue increasing by 89% year-on-year in the first quarter and 149% in two years.
Source: Cross-border must-read
54.3% of Americans have bought groceries online! Amazon is the retailer of choice!
According to a survey of 2,091 U.S. consumers conducted on March 24, 2022 by research and consulting firm Coresight Research, at least 54.3% of Americans were online in the past 12 months. Bought groceries.
Surveys show that Amazon remains the online grocery retailer of choice for U.S. consumers. And, people who buy groceries from Amazon have little or no more purchases from other retailers.
Amazon launches new cashback rewards program to allow buyers to earn cash back
On May 17, Amazon announced a new cashback rewards program that allows buyers to earn cash back on certain purchases, provided they provide their shopping data, and the program is available on the Alexa app.
It is reported that the program is called "Alexa Shopping List Savings", and buyers open the Alexa app before shopping, browse the discounted products, and add them to the shopping list at the same time. After completing a purchase, users must scan the receipt and product barcode in order to redeem additional offers.
Source: THE VERGE
Amazon Seller Fulfilled Return Address Policy Update
On May 16, Amazon’s US station issued an announcement stating that from June 1, 2022, self-delivery sellers must provide a valid return address. If the return address provided by the buyer is outdated or incorrect, then these returned products will be returned. Considered a waiver, Amazon may process these returned products through reselling, recycling, donation, or other appropriate means.
Source: Amazon Seller Forum
Amazon's US truck catches fire at high speed!Multiple packages were burned
On May 16, the Oregon Fire Station tweeted that an Amazon semi-trailer burst into flames while traveling westbound on Interstate 80, and a large number of packages were burned.
Police were called to the 422-mile mark near Greenwood just after 9 p.m. Sunday night, reports said. The incident blocked traffic on I-80 until the scene was cleared around 1 a.m. Monday. It can be seen from the picture that the capacity of this truck is not small, and there are a large number of scattered packages on the site map, so it cannot be ruled out that some of the packages were burned.
There is a severe shortage of infant formula in the United States! Amazon USA cracks down on price gouging!
With baby formula in short supply across the U.S., Amazon is focused on ensuring sellers continue to provide buyers with a quality shopping experience and cracking down on price gouging. Amazon is closely monitoring infant formula prices and taking appropriate steps to protect buyers.
Go to the Pricing Health page to view and restore any product listings removed under the Fair Pricing Policy.
Given the continued scarcity of infant formula, Amazon recommends that sellers limit purchases of this product, which Amazon Retail has set to four per week. To set such limits, click on "Max Order Quantity" in "Manage Inventory".