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r/shoppingaddiction
26.4k members
A support community for shopping addicts. Shopping addiction is a serious problem that can cause financial, emotional, and relationship issues. Please feel free to ask for advice, share your story and your milestones to recovery, as well as any tips that have worked for you. Together we can overcome our addiction.
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r/Frugal
2.6m members
Frugality is the mental approach we each take when considering our resource allocations. It includes time, money, convenience, and many other factors.
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r/HITsWorthTurkingFor
87.3k members
HWTF is a subreddit dedicated to posting links to good paying tasks, called HITs (Human Intelligence Tasks), that are available to be completed on Amazon's crowdsourcing service - Amazon Mechanical Turk.
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r/malefashionadvice
4.9m members
Reddit's largest men's fashion community. Making clothing less intimidating and helping you develop your own style. We welcome those who want to learn and those who want to contribute. We aim to foster an environment where everybody feels safe and welcomed and where people feel encouraged to have healthy and productive discussions.
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r/funny
45.1m members
Welcome to r/Funny, Reddit's largest humour depository.
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r/teenagers
2.9m members
r/teenagers is the biggest community forum run by teenagers for teenagers. Our subreddit is primarily for discussions and memes that an average teenager would enjoy to discuss about. We do not have any age-restriction in place but do keep in mind this is targeted for users between the ages of 13 to 19. Parents, teachers, and the like are welcomed to participate and ask any questions!
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r/Showerthoughts
26.1m members
A subreddit for sharing those miniature epiphanies you have that highlight the oddities within the familiar.
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r/LifeProTips
21.5m members
Tips that improve your life in one way or another.
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r/AskReddit
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r/AskReddit is the place to ask and answer thought-provoking questions.
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r/india
1.3m members
The Official Subreddit for India
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r/australia
1.0m members
A dusty corner on the internet where you can chew the fat about Australia and Australians.
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r/femalefashionadvice
2.9m members
Welcome to r/femalefashionadvice
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r/memes
22.6m members
Memes! A way of describing cultural information being shared. An element of a culture or system of behavior that may be considered to be passed from one individual to another by nongenetic means, especially imitation.
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r/unpopularopinion
3.1m members
Got a burning unpopular opinion you want to share? Spark some discussions!
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r/ireland
606k members
Céad míle fáilte! An all-island subreddit for discussion of Irish news, politics, culture, history and society.
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r/newzealand
373k members
Kia Ora and welcome to the largest subreddit for Aotearoa New Zealand!
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r/Philippines
946k members
A subreddit for the Philippines and all things Filipino!
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r/malaysia
288k members
A subreddit for Malaysia and all things Malaysian.
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r/canada
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Welcome to Canada’s official subreddit! This is the place to engage on all things Canada. Nous parlons en anglais et en français. Please be respectful of each other when posting, and note that users new to the subreddit might experience posting limitations until they become more active and longer members of the community. Do not hesitate to message the mods if you experience any issues!
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r/bathandbodyworks
39.7k members
A subreddit dedicated to Bath & Body Works
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r/MakeupAddiction
3.6m members
The subreddit for everything makeup related.
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r/houseplants
1.5m members
A community focused on the discussion, care, and well-being of houseplants!
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r/AskWomen
4.5m members
AskWomen: A subreddit dedicated to asking women questions about their thoughts, lives, and experiences; providing a place where all women can comfortably and candidly share their responses in a non-judgmental space. As part of our commitment to that mission, the AskWomen subreddit is curated to promote respectful and on-topic discussions, and not serve as a debate subreddit.
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r/technology
13.3m members
Subreddit dedicated to the news and discussions about the creation and use of technology and its surrounding issues.
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r/worldnews
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A place for major news from around the world, excluding US-internal news.
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r/singapore
548k members
Welcome to /r/singapore: the reddit home of the country Singapore.
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r/SampleSize
196k members
A place for surveys and polls to be posted. Research studies for school purposes are welcome as well as opinion polls We are also a place for people who enjoy responding to surveys to gather and help people obtain responses for their research. Questions about a mild level of statistics or wording of surveys are also permitted.
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r/MakeupAddictionCanada
171k members
Tips and tricks for Canadians who love makeup.
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Posted by2 years ago
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Posted by2 months ago
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Crossposted by2 years ago
Posted by2 years ago
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Posted by13 days ago

Hi r/ecommerce - I'm Paul and I follow the e-commerce industry pretty closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of this week's top stories, which I cover in depth in the newsletter.

  1. STAT OF THE WEEK: 80% of Gen Z shoppers will use social media this holiday season to find gifts, with 41% planning to use it for most or all of their holiday shopping. — According to SimplicityDX. Apparently Google search is for Boomers and Millennials!

  2. Ernst & Young (EY),one of the Big Four accounting firms which provides tax, consulting, advisory, and assurance services to its global clients, is banding together with Shopify in an alliance that it hopes will help its retail clients get the most out of their online operations. Under the agreement, up to 10,000 EY consultants will be trained on the inner workings of the Shopify platform and will work with Shopify to help make its back-end systems friendlier for large-scale businesses.

  3. TikTokers can now make purchases directly through the app using a feature called TikTok Shop, which the company officially began testing in the U.S. last week. Previously this shopping feature was only available in the U.K. and seven regions of Asia. TikTok Shop is not yet available to every business yet — an invitation code is required to apply and only select U.S. businesses will be invited to join — however applicants can expect a response within a couple days after submitting an application. TikTok takes a 1.8% commission on each sale for the first 90 days after registration, and then 5% after that. 

  4. Adobe and PwC published reports last week sharing some preliminary numbers and survey results as we enter holiday the holiday shopping events. 20% of consumers said they're planning to shop on Black Friday, and 17% said they will wait until after the Thanksgiving weekend to shop for the holidays, which means most have either already started shopping during the early sales, or aren't planning on shopping this year. 48% of Gen Z respondents anticipated paying with BNPL this year. Shoppers spent $72.2B online in October, a 10.9% bump from September, and roughly on par with the $72.4B that was spent in October 2021.

  5. Amazon’s ad business grew 58% in 2021 to more than $31B in revenue, making it the third-biggest online ad seller in the US, only trailing Google and Facebook. And on the first nine months of 2022, Amazon’s ad revenue surpassed what it makes from Prime, Prime Video, and its other audio and e-book subscriptions combined. Amazon Ads and Amazon Web Services are now the company's top two profit engines. 

  6. Less-affluent luxury shoppers are curtailing their purchases of entry-level products such as Gucci slippers and Balenciaga belts — a sign that global economy is continuing to cool down. Capri Holdings Ltd. trimmed its full-year revenue forecast because of weaker-than-expected sales of its Michael Kors brand at department stores. The number of luxury scarves, card holders and key rings sold online in the US has fallen by one-quarter through October compared with the same 10-month period in 2021.

  7. The European Commission is working on new laws to reduce packaging waste, including plans to cut down on empty space in e-commerce parcels and increase reusable packaging. A draft of the rules, which was supposed to come out at the end of the month, was leaked early by Politico, and the finished plans are supposed to be unveiled Nov 30th. Those rules include limits on the size of packaging, a maximum empty space ratio of 40%, ban on double walls, false bottoms, and other means to create the impression of increased product volume, and 20% of e-commerce packaging should be reusable by 2030, with 80% by 2040.

  8. Mark Zuckerberg admitted last week during a private Zoom call for the 11,000 workers his company just laid off that they were losing their jobs partly because he overestimated the staying power of the pandemic’s e-commerce boom. Zuckerberg thought that even after vaccines allowed people to return to offline activities freely, e-commerce growth would continue to expand rapidly, which is why Facebook doubled its staff to over 87,000 employees in two years. And while it's easy to see these headlines about big layoffs and think that the sky is falling, if you zoom out a little, even after the layoffs, they still have around 37k more employees than prior to the pandemic — which is almost double the 40k employees they had at the start of 2020.

  9. Alibaba Group did not disclose the sales performance of its Singles Day online shopping event for the first time since it started the event in 2009, only claiming that results were in line with last year. Proof or ban!

  10. Amazon Robotics debuted an AI-powered robotic arm and delivery drone to make its logistics network more efficient. The new drone is lighter and smaller than its predecessor, can fly longer distances, generate less noise, and can operate in light rain.

  11. Shopify is outsourcing dozens of its customer-support roles to the Philippines through TaskUs, after recently laying off 1,000 workers. Employees still working in the support division are concerned that Shopify will replace more of their team with outsourced workers at a cheaper rate.

  12. Peloton is piloting their new Shop the Class feature on bikes, which presents a widget at the end of class that members can tap to shop the styles that the instructor was wearing in class. This triggers an e -mail with the product details, which members can tap through to complete their purchase.

  13. As of October, more than 45,000 workers in the US tech sector have been laid off in mass job cuts so far in 2022.

  14. Essilor International has been fined €81M by the French l’Autorité de la Concurrence in response to actions by the company between 2009 and 2020, during which it forbid online platforms to use its brand and logos, and refused to deliver its products for online retail. The watchdog claims that Essilor unfairly discriminated against online retailers, resulting in higher prices for glasses and limited choice for consumers.

  15. Twitter suspended its new $8 subscription program to combat users impersonating major brands. One account claiming to be Nintendo posted an image of Super Mario holding up a middle finger, while another posing as Eli Lilly & Co. tweeted that insulin was now free.

  16. Microsoft is experimenting with promoting its products in the sign-out flyout menu that shows up after clicking the user icon in the Windows 11 start menu. Screenshots show that Microsoft promotes its OneDrive file hosting service and prods users to create or complete their Microsoft accounts. Will they later test 3rd party e-commerce ads?

  17. Amazon Shipping has officially arrived in India this year, quietly testing its transportation and logistic network to businesses and 3rd party merchants. It is partnering with local firms including Shiprocket, Unicommerce, EasyEcom, ClickPost, and Vinculum for order and delivery management systems.

  18. Amazon Music users are angry after the ability to select individual songs was removed unless they pay $9/month. Amazon Music recently added 98 million songs to the platform to capitalize on an increase in demand, but now the songs can only be played in shuffle mode without paying extra for Amazon Music Unlimited.

  19. A Texas woman has filed a class action lawsuit against Block Inc and Cash App, alleging that the companies were negligent and allowed a data breach that led to consumers personal information being leaked. Customers’ full names and brokerage account numbers, the value and holdings of brokerage portfolios, and trading activity were all exposed.

  20. Apple and Amazon are facing a class action antritust lawsuit in the U.S. for conspiring to drive up the prices of iPhones and iPads by removing nearly every other reseller of Apple's latest products from the Amazon marketplace. The lawsuit claims that Apple gave Amazon a 10% discount on all of its products in exchange for letting just 7 out of its 600 resellers stay on its platform, making Amazon the largest reseller of new iPhones and iPads on its website.

  21. Affirm's delinquency rates were 2.7%, up from 0.8% in 2021. However on a positive note, the company said that the demand for BNPL is increasing and that they are on track to achieve profitability in 2024.

  22. The UK's Financial Conduct Authority is warning BNPL bosses that they could face jail time if they do not follow the new financial promotion rules. Promotions that are not “clear, fair and not misleading” could result in up to two years in prison.

  23. According to a leaked video, Amazon may have a new healthcare offering coming soon called “Amazon Clinic”, which would offer treatment for common conditions like allergies and acne. People could fill out a questionnaire about their symptoms and pay a fee to have a clinician review their answers and provide a diagnosis and prescriptions.

  24. Shein is piloting a marketplace-style model similar to Taobao in Brazil, where merchants set up stores directly on the site and are responsible for their own operations and logistics.

  25. Carousell Media launched a digital ad service called Shopping Ad, which will serve users ads via a targeted feed based on keyword-tracking queries on its marketplaces. The company recently reached more than 150M monthly product searches on its marketplaces.

  26. Gap has officially launched its store on Amazon via a partnership with Amazon Fashion, marking the first time that the company itself has sold its products on the marketplace (outside of 3rd party sellers).

  27. Plus 13 seed rounds, IPOs, and acquisitions of interest including Ordergroove's $100M seed round.

I hope you find this news recap helpful. See you next week!

-PAUL
Editor of Shopifreaks

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Posted by27 days ago

Hi r/ecommerce - I'm Paul and I follow the e-commerce industry pretty closely for my Shopifreaks E-commerce Newsletter. Each week I post a summary recap of this week's top stories, which I cover in depth in the newsletter.

  1. STAT OF THE WEEK: Apple grew its e-commerce sales 97% in two years, making it the third largest online retailer in the US behind Amazon and Walmart. – According to Trading Platform. That's wildly impressive, especially if you consider that the two largest retailers ahead of it also sell Apple products!

  2. At their Unboxed event in New York last week, Amazon announced its new advertising capabilities which include: 1) Rewarded Sponsored Display, 2) Sponsored Display for Brands That Don't Sell on Amazon, 3) Sponsored Display Video Creatives, 4) Digital Signage Ads in Amazon DSP, 5) Sponsored Products campaigns with presets, 6) Performance Recommendations, 7) Amazon Marketing Cloud (AMC) Enhancements.

  3. Not to be outshined by the world's largest online retailer, Walmart also introduced new features ahead of the holiday season including Virtual Queuing which holds a customer's place in line for the highest demand items, Buy Now button for one-click checkout on product pages, Dynamic Search Results which indicate the most viewed and purchased items, and Dynamic Product Pages which displays how many people are viewing the item and how many people have it in their cart.

  4. Jungle Scout, an Amazon-focused e-commerce firm, shared a new report detailing how America’s two biggest retailers stack up against each other, which I'll share highlights of below:
    -Average Monthly Site Visitors – Amazon: 2.5B vs Walmart: 429M
    -Number of 3rd-party Sellers – Amazon: 6.3M vs Walmart: 150k
    -75% of U.S. consumers made a purchase from Amazon in Q3 2022 versus 43% made a purchase from Walmart.com and 65% from Walmart stores
    -Walmart customers are more price conscious (43%) than Amazon customers (36%)

  5. Many major companies are predicting “slower growth” — which makes me question whether that's just earnings report talk for “worst holiday season in years”. Sales of iPhone were softer than expected, Mastercard saw spending growth slow to its lowest level in more than a year, Affirm expects that only 42% of Americans will by gifts for co-workers this year down from 79% last year, more than 2/3 of shoppers expect inflation to impact their holiday gifting budget, and Bain & Co forecasts growth of as much as 7.5% from last year, but when adjusted for inflation, it expects growth of just 1% to 3%, which is below the 10 year average.

  6. The U.S. Dollar has jumped nearly 16% in 2022, thanks in part to aggressive Federal Reserve interest rate hikes, which means that international brands and retailers are earning less on exports paid for in other countries' currencies. Amazon estimated that the strong dollar cost it $900M more than expected when looking at net sales, contributing to its dismal Q3 earnings performance. Apple also reported similar findings in its earnings call. While Apple avoided a specific forecast, their Chief Financial Officer Luca Maestri cautioned analysts to expect revenue growth to “decelerate” in the fourth quarter, due in part to a foreign exchange hit of 10 percentage points.

  7. Ben Brody, a tech policy reporter at Proctocol, did some investigating and discovered that when you enter your e-mail address or phone number on a Square terminal to receive a receipt, you're not only giving that particular merchant permission to send you marketing correspondence, you're also giving Square permission to rent your contact info to other local businesses who you've shopped with, but didn't give your info to. While the practice doesn't appear to violate data protection laws, it definitely walks a fine line.

  8. Jimmy Donaldson, aka MrBeast, has partnered with Shopify to give the Top 10 best business pitches $10k on TikTok. Entepreneurs have until Oct 31 (that's today!) to duet the video with their business pitches with #PitchMrBeast and tag Shopify in the caption, and the top 10 best pitches will get a cash prize of $10k.

  9. Elon Musk completed his $44B deal to buy Twitter on Thursday. He quickly began terminating employees including the company's CEO, CFO, and Chief Legal Counsel Vijaya Gadde, who made the call in January 2021 to permanently suspend Trump's account. Today he dissolved the company's board of directors.

  10. Amazon plans to delist Appario Retail, a larger seller in which it maintains a stake, from the marketplace, following allegations from retailers that some sellers received preferential treatment. Amazon did not say why it was delisting Appario, but the move follows a growing scrutiny on its owned sellers, and comes a year after ending ties with Cloudtail, another large seller which it also held stake in.

  11. Clearpay, the European division of the BNPL firm Afterpay, is collaborating with Square and the British Fashion Council (BFC) to help emerging designers create their online presence. As part of the initiative, British designers can take part in an e-commerce mentoring package aimed to boost business growth and make their collections available worldwide.

  12. The number of Vietnamese sellers has increased 80% YoY on Amazon, with nearly 10M products from the country sold to customers worldwide from Sep 2021 to Aug 2022. In recent years, Amazon has been courting more Vietnamese exporters to sell on its platform instead of Chinese marketplaces.

  13. Amazon and Google have struck a deal that allows Amazon to work with manufacturers like TCL, which also makes Android TVs and phones. Last week I reported that over half a dozen hardware vendors have indicated that they cannot enter into a TV manufacturing relationship with Amazon over fear of retaliation from Google. The two companies seemed to have made peace quickly in this arena.

  14. Zip announced the availability of Zip Card, issued by WebBank, the newest BNPL product in its portfolio. The new card will extend its pay-in-four functionality offline in a convenient physical card format.

  15. Visa is ramping up growth of Visa Debit and Visa Direct, its global direct-debit payments services that operates in near-real time, in preparation for a recession. The company noted that debit transaction volume tends to be more resilient than credit during downturns.

  16. Shipt, a delivery service owned by Target, is being sued by the Attorney General of Washington DC for allegedly unlawfully misclassifying employees as independent contractors to avoid paying for worker benefits, thereby denying basic employment rights, shifting costs to those workers, and subverting the law.

  17. Aldi is developing it's own e-commerce platform to allow shoppers to purchase groceries directly online. The retailer launched its partnership with Instacart in 2017 and expanded it nationwide the next year. Last week I reported that Instacart is facing more competition, including internally from their own partners, as retailers build out their own logistics operations, which often provide better value propositions to customers compared to Instacart’s model.

  18. Huawei is suing Amazon and Compal Electronics, as well as several of their subsidiaries, over e-ink patents. Huawei is among the leaders in the world in granted patents with over 110k patents. It is the fifth largest patent holder in the US, where it is not allowed to do business.

  19. Zara's idea to launch a pre-owned marketplace of its goods was met with mixed reactions. Alice Murphy, journalist for The Independent, said that the fast-fashion company should be focused on reducing waste more than introducing recommerce initiatives.

  20. Former Argo Chief Technology Officer Perry Hothi joined Block to advise on the development of the company’s Bitcoin mining division. Block is continuing to hire from crypto firms, as the payment processor seeks to establish its Bitcoin mining and wallet hardware arms.

  21. Yon Nuta joined the headless commerce platform fabric as its first Chief Product Officer where he will bring his data-driven approach to lead product vision and development. Nuta most recently served as CPO at Babylon Health where he guided analytics, product design, and development.

  22. Bolt released a new virtual Shopper Assistant, which integrates into a retailer's site and lets customers get a discount for entering their e-mail into the pop up. Returning shoppers get a more streamlined login experience and can then see past order history, recently viewed products, product recommendations, re-orders, and track live orders.

  23. Jifiti, a US-based fintech that powers point-of-sale financing for banks, lenders, and merchants, rolled out a new white label B2B BNPL service to enable their clients to provide BNPL under their own brand, embedded directly into the customer journey and checkout experience.

  24. Wix announced that they are now an official partner of React Native, an open source UI software framework originally developed by Facebook. As a partner, Wix will take greater responsibility to promote open source programming and further the efforts of the RN framework and community.

  25. Perfume's Club, a Spanish online beauty product store, is turning its platform into a marketplace. By the end of this year, it wants to add 200k products from 3rd party suppliers and brands, available only in Spain at first.

  26. H&M announced its partnership with Shopee to launch the “H&M Thailand Official Store” on Shopee Mall, with the aim of making customers' shopping experience more convenient. The shop will offer more than 5,000 items, including the brand's latest Fall/Winter 2022 collection.

  27. More than 29% of Brits now make more than 80% of their purchases online, compared to 11% pre-pandemic. The same survey revealed that people living in the UK, France and Italy are the least patient when it comes to customer service, and get frustrated if they have to wait more than five hours for a response.

  28. Plus 10 seed rounds, IPOs, and acquisitions of interest including Trigo's $100M round.

I hope you find this news recap helpful. See you next week!

-PAUL
Editor of Shopifreaks

PS: Happy Halloween! 🎃

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Crossposted by2 years ago
Posted by2 years ago
31 points
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2 comments