Amazon Reports Record Seller Participation in India’s Prime Day, Kroger Launches Marketplace and Online Sales Grow 76% in June
Amazon Reports Record Seller Participation in India’s Prime Day
Amazon has collected at least 1 million subscriptions for its Prime loyalty program in India, the ecommerce giant revealed in a rundown of how its platform fared during last week’s Prime day, the world’s second largest internet market. Over a million Prime subscribers in India shopped from small businesses in the two weeks leading up to the 48-hour Prime Day event last week. This is the first time Amazon has disclosed how many of its users in India have signed up for Prime subscription that costs $13.30 a year in India. “This Prime Day was dedicated to our small business (SMB) partners, who have been increasingly looking to Amazon to keep their businesses running. We are humbled that we were able to help as this was our biggest Prime Day ever for small businesses,” Amit Agarwal, SVP and Country Manager of Amazon India said in a statement.
What stood out to us? Viewership of The Big Sick just quadrupled. So did the pandemic.
Kroger Launches Web Marketplace
Kroger is setting up an ecommerce marketplace open to third-party merchants, part of the grocery store operator’s bid to wrest web sales away from giants such as Walmart and Amazon. Kroger’s marketplace will be added to its existing Kroger Ship service, an ecommerce platform for non-perishable grocery items launched in 2018. This marketplace will add an extended ship-to-home assortment through offering from third-party sellers. While the pandemic boosted online and offline sales, it also increased costs. Kroger reported spending $830 million on pandemic-related expenses in the first few months of 2020, including $150 million in bonuses to frontline grocery, supply chain manufacturing, pharmacy and call center employees.
What stood out to us? Finally! We don’t need to go to the store to buy products that are not stocked in the store!
Online Sales Grow 76% in June
Web sales are up significantly year over year as the widespread COVID-19 still keeps many shoppers at home and away from physical stores. However, online spending is tapering. Whie total U.S. online sales reached $73.2 billion in June year over year, up 76.2% compared with $41.5 billion a year earlier, online spending is down 11.3% from May’s $82.5 million. Daily online grocery sales fell 18% in June compared with May as consumers returned to bricks-and-mortar stores in reopened states. Another reason for this decline is grocery cart sized shrinking as consumers slow stockpiling. Grocery cart sizes increased 33% month over month in mid-February but have since trended down as consumers settle into sheltering in place.
What stood out to us? ”Grocery cart sized shrinking as consumers slow stockpiling.” For now.
In the headlines
- Elimination: Walmart plans to eliminate hundreds of corporate jobs.
- Tough times: MSC Industrial Supply steers through a tough fiscal Q4.
- Looking up: Wayfair turns profit for first time in years in Q2.
Before you go
COVID-19 did to customer loyalty.
Two-thirds of consumers have increased online shopping because of the coronavirus.
U.S. manufacturers make B2B ecommerce a bigger sales priority.
Dose data of the week
This is for you
If you’re not getting The Dose sent to your inbox every Saturday, make life easier by subscribing here.
Have a great weekend!