Counterfeit Goods Proposed Legislation, DuPont’s New Storefront and Nordstrom’s Q4 Digital Growth
Legislation Proposal Makes Marketplaces Liable for Counterfeit Goods
On Monday, a bill named Shop Safe Act was introduced by a partisan group of Congress members proposing a plan to combat counterfeit goods sold online. This bill would hold online marketplace such as Amazing.com Inc., Walmart Inc., and eBay Inc. accountable for counterfeit products sold on their websites. The bipartisan group of four representatives sponsored the legislation called The Stopping Harmful Offers on Platforms by Screening Against Fakes in E-Commerce (or Shop Safe Act), with the goal to stop the online sales of counterfeit products. “The Shop Safe Act would make families safer by requiring online sellers to help prevent the sale of counterfeit products to consumers,” Georgia representative Doug Collins, one of the bill’s authors, said in a statement.
What stood out to us? Seems reasonable. When will consumers get the Vote Safe Act?
DuPont Open Storefront on Chemicals Portal
DuPont de Nemours Inc. has a new storefront on the industry marketplace Knowde. The DuPont storefront features over 1,300 products from DuPont Transportation & Industrial, a division that sells chemical products in numerous markets such as transportation, aerospace, healthcare, electronics, industrial and consumer goods. DuPont’s Knowde storefront “provides our customers with instant access to a state-of-the-art platform that makes it easy for them to learn about our products, ask questions, order samples and more,” says Randy Stone, president of DuPont Transportation & Industrial.
What stood out to us? “State-of-the-art” is an interesting way to describe ecommerce.
Nordstrom Digital Sales Grow 9% in Q4
Nordstrom’s customers prefer shopping online and picking up orders in the store. Online order pickup accounted for more than half of full-price digital sales in Q4. The retail chain said that digital sales grew 9% and represented 35% of sales in the quarter. Total sales in Q4 reached $4.439 billion, up 1.3% from the year earlier. “Our established and growing digital business now makes up one-third of sales,” said CEO Erik Nordstrom. “Roughly 30% of our customers are shopping across more than one of these touch points. And as a result of this engagement, we know these customers spend four to 11 times more on average.”
What stood out to us? “These customers spend four to 11 times more on average.” State-of-the-art shopping.
In the headlines
- Change your password: J. Crew reported a data breach of customer accounts, which may include customer login credentials, email addresses and passwords.
- Subscription style: Rent the Runway launches its third subscription option.
- EBay’s new tool: EBay introduced a new tool called Image Cleanup, with a goal to help sellers display better product images.
Before you go
Does ecommerce have a gender diversity problem?
This infographic of how big distributors stack up.
The impact of coronavirus on retail.
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!