[Australia] CatchOfTheDay rebrands as it gets ready to take on Amazon
Australian online retailer CatchOfTheDay has rebranded itself Catch and relaunched as a marketplace in a move to compete with Amazon. Founded 10 years ago, Catch now sells more than two million products a month and has 70,000 club members.
[U.S.] Amazon steps up Walmart battle with new Prime offer
Amazon started offering a discounted Prime membership rate for low-income individuals on Tuesday (6/6). Customers who have a valid Electronic Benefits Transfer (EBT) card, commonly used by those enrolled in government-assistance programs like Temporary Assistance for Needy Families and the Supplemental Nutrition Assistance Program, can enroll in Amazon’s Prime service, which normally costs $10.99 a month or $99 per year, for $5.99 per month with an option to cancel at any time.
[Singapore] Helping SMEs grow their online business
Singapore Telecommunications and the Development Bank of Singapore partnered with ecommerce retailer Lazada Singapore and launched the country’s first online marketplace for small and medium enterprises (SMEs), 99% SME e-marketplace, in 2015. More than 2,600 SMEs were enlisted to the 99%SME website last year. The program helps SMEs to reach over 3.5 million visitors a month and provides free ecommerce training.
[India] Amazon’s Reentry Into Smartphones Signals Battle For India E-Commerce
To win the e-commerce wars in India, Amazon’s plan is to offer good smartphones at low prices, with the hope they will be used for e-commerce transactions with Amazon. Amazon has invested $5 billion in India. It currently has 23% of the market.
[U.S.] IKEA to try selling through third parties
IKEA plans to test selling its products on websites other than its own in 2018. The move means IKEA’s customers may soon be able to buy its furniture and other home furnishings through the likes of Amazon and Chinese Alibaba. In the 2016 fiscal year, IKEA’s online revenue reached 1.4 billion euros, a small fraction of its total revenue 34.2 billion euros.
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