Multi-Channel Seller News
Your bi-weekly multi-channel seller news update brings you some pretty major stories. If you’ve been scrambling to prepare for the holiday season and missed out on any of these, make sure to take a few minutes and get caught up. Alternatively, if there is a story you want to share with us that you think we should include, leave us a link in the comments!
Alibaba’s IPO Debut Roars, Shares Soar 35%
Boom, the largest IPO in history just happened, and it’s going to play a major role in shaping the future landscape of our industry. Global ecommerce giant Alibaba is now a publicly traded company, and some of the proceeds from its estimated $20B (yes, with a “B”) IPO will undoubtedly be invested into its new American marketplace, 11Main. Keep your eyes on 11Main as it looks to challenge Amazon for the attention of both buyers AND sellers.
FedEx To Raise Rates On January 5th
Following in the consistent style of death and taxes, shipping rates appear to be increasing. FedEx has announced it’s raising rates in January by roughly 5%, with most of their standard shipping services affected. They are also incorporating dimensional weight more heavily into their formula for calculating shipping rates.
Are Magento Extensions Compromising Your Security?
This article on Internet Retailer cites an independent internet security company, who claims Magento merchants are open to security attacks when they install 3rd party extensions. I certainly don’t want to scare anyone away from using Sellbrite’s Magento extension, but it’s always good to consider the safety of your business whenever you decide to use new software, and make sure to research the company you are going to work with.
Look Out Amazon, Here Comes…Rakuten?
Amidst the Alibaba headlines that have dominated the news recently, Rakuten just made another large acquisition of its own, buying coupon site Ebates. Rakuten continues to amass other products services under its hood, many of which aren’t even directly tied to ecommerce. This article from Forbes suggests that Rakuten sees itself as the global ecommerce leader of the future, despite the strong positions of current titleholders Amazon and Alibaba.
4 Ecommerce Infographics for Entrepreneurs
Bigcommerce published a curated list of infographics that can help entrepreneurs find solutions to be more efficient and effective. It’s worth a look!
Why Companies Like Etsy are Winning the War for Talent
Insightful article on Forbes about the millenial generation and their desire to work in a job that is fulfilling, and not just financially rewarding. The author takes a look at how Etsy is winning the war for talent by serving a mission that inspires and challenges employees.