Temu opens marketplace for EU Sellers

Updates: Amazon

Amazon removes reviews from search results

Amazon appears to be carrying out tests in which customer reviews are hidden in the search results. This change affects all review elements and, according to users, has been implemented on both the desktop site and the app.

News: Amazon

Amazon Prime Day generates the most customer loyalty

Amazon Prime Day stands out among the summer sales event that generates the most customer loyalty.

• According to a report by Earnest Analytics, 84% of customers who shopped during the recent summer sales promotions around Prime Day only purchased items from Amazon. 
• Around one in five Amazon customers (19%) who have shopped with the retailer in the last 12 months have also shopped during Prime Day sales.

More Amazon-News:

• Prime Big Deal Days are back this October
• Amazon brings Prime Air drone project to Europe
• Amazon beats Temu in customer experience and convenience

News: E-Commerce

Temu opens marketplace for EU

After a long announcement, Temu has now officially opened its marketplace to European sellers, putting it in direct competition with established platforms such as Amazon.

• Temu is officially inviting European retailers to register as sellers on the platform. Shops based in EU countries such as Germany, France, Spain, Italy, and the UK have been able to trade independently on the marketplace since the end of July. 
• Retailers are responsible for their product range, inventory management, and the dispatch of the products they sell. Temu, however, sets the consumer prices for the goods.

More E-Commerce-News:

• Alibaba: 4 % more sales, 29 % less profit
• TikTok’s Shopping Trend Report: Customers are looking for brands that make shopping fun
• Social Media is the most important channel for product advertising
• YouTube and Shopify launch ‘Shorts Shop’

News: AI in Online Retail

More and more consumers are using ChatGPT to search for products

A recent survey by Storyblok shows that artificial intelligence (AI) is playing an increasingly important role in online shopping and is significantly changing the shopping experience.

• The survey was conducted among 200 companies and 200 online consumers. 40% said they regularly use AI tools such as ChatGPT when researching products online. Almost one in five (17%) say that AI tools are now the most important source of information when making purchasing decisions, behind Google (45%) and marketplaces such as Amazon (26%), while only 9% use a brand’s website.
• Brands also expect AI-based search engines to dramatically change consumer behaviour. 40% expect more personalised searches and 25% expect greater trust in search results.

More News on AI:

• Modernising the manufacturing industry with AI
• Perplexity AI wants to introduce advertising on the search platform

Did you know?

(Source: Remazing Amazon Shopper Report 2023 by Remazing & Appinio)

Remazing Updates: Introducing our Partners

We are excited to introduce our new partner: GreyScout! 🚀

Why: GreyScout provides software to monitor and enforce against unauthorized third-party sellers and IP infringements across eCommerce marketplaces (especially on Amazon).

How: Via Test Purchase Solutions (among others), GreyScout verifies and authenticates third-party sellers and their products to ensure compliance and legitimacy.

Commission: In case our clients suffer from unauthorized 3rd-party-sellers (and hence loose their buy bux too often due to this), GreyScout can help.