7% Increase in Consumer Spend, Amazon and Meta’s Forced Fair Play, Shopify’s Web Marketplace, and eBay's Canal Street Pop-Up - This week in Amazon & eCommerce - Nov 7

In spite of inflation…

1. NRF Forecasts 7% Online Spending Growth: The National Retail Federation (NRF) predicts a 7% increase in online holiday spending for the upcoming holiday season, with total holiday spending (both online and offline) expected to grow by 3% to 4% in November and December. [Learn more]

2. Amazon and Meta Commit to Fair Competition After CMA Probe: Amazon and Facebook parent company Meta have agreed to take action following investigations by the UK regulator Competition and Markets Authority (CMA). The business giants made concessions regarding the use of commercially sensitive data to ensure fair competition on their retail platforms. [Learn more]

3. Shopify Expands Web Marketplace: Shopify has expanded its online marketplace, offering customers the ability to search and purchase products hosted on its platform through a web interface. This move mirrors the functionality previously available only on the company’s mobile app, Shop. [Learn more]

4. eBay’s Authentic Streetwear Shines Amidst Counterfeits: eBay cleverly harnessed the allure of New York City's Canal Street and its reputation for counterfeit designer goods in a unique marketing strategy. On November 2nd, eBay opened a three-day pop-up shop, "Canal Street Wear," brandishing the company’s Authenticity Guarantee in a twist on the iconic location. [Learn more]

Check out some recent trends from EcomTrendFinder!

Thank you for sharing your day with us,

Isaiah Fritz, Joe White and the OSP Team

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