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Online marketplace Meesho roughly doubled last year鈥檚 order volume in the first day of its 鈥淢ega Blockbuster Sale鈥� that began the same day, per Indian Retailer.

Just 10% of the dollar store鈥檚 customers shopped from the Chinese ecommerce marketplace this quarter. But those who did spent $141 with the retailer, compared with $136 at Dollar General. Why it matters: Temu鈥檚 growing influence underscores the challenges Dollar General鈥攁nd dollar stores in general鈥攁re facing.

The news: Richemont agreed to sell Yoox Net-A-Porter (YNAP) to luxury etailer Mytheresa roughly a year after its attempt to sell the business to luxury marketplace Farfetch fell apart. Why is this happening: Richemont struggled to turn YNAP into a profitable venture.

Instagram announced in February it was expanding its marketplace tool to eight new countries, including Canada. Influencers are priming the pump of social commerce. There will be more than 11 million social buyers in Canada in 2024.

Impact on advertisers: Reducing the number of scammers on Facebook, especially on its marketplace platform, could help users trust its listings and advertisers more. Placing genuine ads alongside harmful scam content can tarnish brand names by association.

ATM Marketplace estimates that cash recycling can provide banks with 20% savings in total cost of ownership and reduce cash replenishment efforts by up to 75%. What if you don鈥檛 have cash when you need it? Running up against a cash-only occasion when they鈥檝e forgotten to replenish their wallets is one fear that鈥檚 motivating consumers to continue carrying it.

The efficiencies generated by Walmart鈥檚 logistics investments enabled the retailer to extend its fulfillment services to merchants who don鈥檛 sell on its marketplace, at prices roughly 15% lower than what Amazon charges for its Fulfillment by Amazon offering, per Wells Fargo鈥攜et another high-margin growth opportunity to keep Walmart鈥檚 flywheel steadily turning.

We expect roughly two-thirds (67.2%) of Amazon鈥檚 US ecommerce sales will stem from its marketplace this year, up from 65.7% last year, and a considerable increase from 58.2% in pre-pandemic 2019. Our take: 鈥淏uy It Now鈥� is a savvy move by Amazon to seamlessly marry content and commerce.

The US Online Marketplace Shopper(Subscription required). Methodology: Data is from the August 2024 Narvar report 鈥�2024 State of Returns.鈥� 1,924 US consumers ages 18-75 were surveyed during June 2024.

Fashion resale marketplace Poshmark introduced visual search for its users. 鈥淭ools like visual search can be especially helpful [in resale], both for buyers who might see a product, might just want to be able to use their camera and match it as well as for sellers who can take a photograph of their product,鈥� our analyst Sky Canaves said on a recent 鈥淩eimagining Retail鈥� podcast.

In the third of five reports in our 鈥淧ayments Ecosystem 2024鈥� collection, we unpack how the lines between POS hardware and software are disappearing as providers push the innovation envelope.

Sainsbury鈥檚 and Superdrug are among the UK retailers to have taken aim at Amazon with the launch of their own marketplaces. And Chinese marketplace giants Temu and Shein are also giving Amazon a headache. Between them, they gained over 4 million daily app users in H1 2023, per GWS data, while Amazon saw its daily mobile app users drop by 1 million over the same period.

At least five retailers and marketplaces in Canada鈥攍ed by Advance鈥攁re on buyers鈥� radar, per our survey. But they still have much work to do to steal share from Amazon Ads and Walmart Connect, the latter of which is No. 2 in buyer awareness and activity. Download our survey data in full here.