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Gross merchandise value (GMV) increased 14% year over year (YoY) in Q2 2023, outpacing ecommerce’s 1% growth, per Salesforce data. And demand is strong for Pay Now, which it recently rolled out in Europe: the instant debit option now accounts for about one-third of all transactions in European markets. Klarna is pushing a wide European expansion, launching in 11 markets on the continent since 2020.

Nearly two-thirds of US secondhand shoppers said they had used the platform, per Morning Consult. eBay doesn’t break down how much of its gross merchandise value (GMV) comes from sales of used versus new goods, but the company is venturing further into high-margin resale categories to boost growth.

In fiscal Q3 2023 (ended March 31, 2023), Affirm’s gross merchandise volume (GMV) grew 18% year over year (YoY)—a major slowdown from the 73% YoY surge from the same period a year ago. Affirm’s active consumer base grew 26% YoY to hit 16.0 million users, another sharp pullback from 137% growth the prior year.

Ad revenues as a percentage of GMV reached 1.3% for the entire year, with the company raking in 2.7% of all digital ad spending in Latin America last year. Over 1 billion items were sold on—and shipped by—Mercado Libre for the first time in the company's history. That's more than triple the number of items sold and shipped just three years earlier.

Kajabi, which primarily offers online course services for creators, said in March that creators had earned $5 billion in lifetime gross merchandise value (GMV) by selling digital goods. There is a long tail of other revenue streams and smaller creator-focused firms. Affiliate marketing, commerce, and subscriptions are other important income sources for the creator economy.

This estimates gross merchandise value (GMV), which includes Amazon’s direct sales and third-party marketplace sales. The latter accounts for about two-thirds of Amazon’s total global retail sales, according to our estimates, and Canada’s share is likely a similar proportion. The company’s sales in Canada are up threefold from five years ago.

And by 2026, it’s set to overtake Boots as the UK’s biggest health and beauty retailer by gross merchandise value (GMV), per Edge by Ascential. High street retailers are fighting back to maintain online market share. Boots, which claims to have a 40% share of the total UK beauty market, will launch Boots Marketplace in spring 2023, while Superdrug launched its online marketplace last year.

They had planned a 10x, their US GMV in 2024, and I think it's realistic that they could have set a similarly ambitious target for 2025. Essentially the TLDR here is that China's economy is wobbly enough that its poobahs are going to make sure not to do anything that might further imperil its manufacturers and exporters. So I think that they're going to allow TikTok to remain in the United States.

We also included key ecommerce intermediaries that would rank within the top 10 by gross merchandise volume (GMV), which added Instacart and DoorDash. We included the two dominant drugstore chains—CVS and Walgreens—as well as two leading grocery chains—Albertsons and Ahold Delhaize. Lastly, we included Dollar General as the leader in its discount format and Gopuff as the leader in rapid delivery.

GMV this year. That's 10 times what it pulled in last year, gross merchandising value, as according to Bloomberg. And then final point here, this is a really good point made by Rachel Wolff, who writes for our retail briefing, saying, "Maybe it can become a product specific marketplace. The idea of that it doesn't have to sell everything.".

I think the GMV or gross merchant value was four and a half billion last year, and it's on track for 15 billion in the region this year. So, definitely, rapid growth there. What about the UK, Carina? What's been happening over here? Carina Perkins:.

There's some new data from YipitData that reported its May GMV at more than $630 million. That is up from less than $200 million in January and basically zero last summer. It's really in its hyper-growth phase of spending very heavily on customer acquisitions through digital marketing and very heavy discounts.