E-commerce: Amazon Will Waive Long-Term Storage Fee for FBA Sellers this month
E-commerce giant Amazon announced this week that sellers using the Fulfilment By Amazon service will not have to pay their long-term storage fee on May 15th. Amazon has waived the fee because it is designed to motivate sellers to remove slow-selling goods from...
E-commerce: Online UK grocery market to grow by 33% in 2020
Leading market intelligence agency Mintel has reported that the value of online grocery shopping in the UK will increase by 33% this year. It is expected that the market will grow to €19.2 billion, up from a value of €14.5 billion last year. The research found that...
DDP and DDU: What are the VAT implications?
When a seller located in a non-EU country wants to export goods from their home country to an EU country (or any other country), they need to be aware of the VAT implications of delivering via DDP (delivery duty paid) or DDU (delivery duty unpaid) incoterms. In this...
E-commerce: Ocado’s Second-Quarter revenues skyrocket to new heights
Online UK grocery giant Ocado has reported that its retail revenue grew by 40.4% in the company’s second quarter. It is suspected that this is a result of the extraordinary demand the grocer has seen over the last three months due to the coronavirus, as the company’s...
E-commerce: Asda to donate online delivery priority pass to 3,500 care homes and 250,000 face masks
UK supermarket chain Asda is ramping up its efforts in response to the coronavirus crisis by giving 3,500 care homes priority access to its online shopping service and by donating 250,000 face masks. The priority pass provides users with early access to online...
E-commerce: Amazon launches Amazon Advertising learning program
Amazon has released a new learning program in which sellers and those looking to advertise their products can learn new skills and how to advertise their products better. With the Amazon Advertising learning console, new advertisers can learn tips such as choosing the...
E-commerce: Popular UK platform EKM opens Obodo to help small businesses
E-commerce solutions provider EKM, a popular platform for UK retailers, has launched a free online shop known as Obodo. Obodo has been built to help small businesses reach customers within 25 kilometres of their store. The founder of Obodo, Antony Chesworth, has said...
E-commerce: Amazon FBA gives sellers extra time to process returns and refunds
In response to sellers having to carry out precautions relating to coronavirus such as disinfecting returned items, Amazon FBA has provided sellers with more time to process returns and issue refunds. Usually, FBA sellers have 2 calendar days to process returns –...
E-commerce: Amazon announces Q1 revenue of $75.5 billion, smashing expectations
Yesterday evening, Amazon reported its earnings for the first quarter of 2020. The leading E-commerce platform beat expectations with a revenue of $75.5 billion, surpassing the $73.61 billion analysts had anticipated. In comparison with Amazon’s revenue for the same...
E-commerce: eBay’s first quarter sales higher than analysts expected
Despite many online marketplaces struggling with sales due to coronavirus, eBay performed more successfully than expected in its first quarter. The E-commerce giant reported sales worth $2.4 billion in its first quarter, beating analysts’ predictions of £2.34 billion....
