Hello ECFriends,
Nike made waves recently by pulling its products from Amazon, triggering speculation on whether other brands will follow suit.
Facebook unveiled a system to simplify payments across Facebook, Messenger, Instagram and WhatsApp.
TikTok is testing shoppable links, and beware the self-deleting JavaScript payment skimmer. Check out these stories and more in this week’s News Cart for Nov. 21.
Enjoy!
– Andrew
In the News
Nike Pulling Its Products From Amazon
- Nike says it will stop selling on Amazon.com, ending a wholesale pilot program that began in 2017
- The brand reportedly struggled to control third-party listings that kept popping up on Amazon
- Although 68% of Nike’s annual sales come from wholesale channels, since 2013 its direct business has grown three times faster than top-line revenue
Alibaba Has a Record-Breaking Singles Day
- The company sold over $38 billion of goods in China on the day dedicated to singles treating themselves
- The eye-popping number is more than twice 2018’s Black Friday, Cyber Monday and Prime Day volume combined
- Sales were up 26% from 2018
Facebook Launches Facebook Pay
- Facebook Pay allows users to store payment information for use across Facebook, Messenger, Instagram and WhatsApp
- Program rolled out last week on Facebook and Messenger in the U.S., and later will be added to more people and places, including Instagram and WhatsApp
- Facebook Pay securely stores and encrypts payment info, and users can add a PIN or their device’s biometrics (touch or face ID) as extra security
TikTok Tests an eCommerce Feature
- New feature allows U.S. users to share a shoppable link within their bio or post
- It’s reportedly in public beta right now, and only select creators can access it
Tidying Guru Marie Kondo Launches eCommerce Site
- The Shop at KonMari sells a variety of items that “spark joy” in Marie Kondo
- Many fans of Kondo’s “less-is-more” approach have commented on the irony
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- WSJ: Amazon Is Loaded With Chinese Crap
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