TikTok is expanding its reach beyond viral content into e-commerce, planning to launch its own online retail store in the U.S. as soon as next month. This new venture will differ from the existing TikTok Shop feature, with the company handling everything from purchasing inventory to logistics and customer service, mainly for items sourced from China.
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The FTC has proposed new rules to tackle fake online reviews, which make up an estimated 30 to 40 percent of reviews. The rules, currently in the proposal stage and not yet law, aim to impose fines of up to $50,000 for each fake review, per consumer exposure. The regulations target fabricated experiences, non-existent reviewers, and undisclosed insider reviews. If approved, these rules could have a significant impact on combating deceptive online reviews and restoring trust in consumer feedback.
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Amazon has announced the end of its Fulfillment by Amazon (FBA) Small and Light program, set to be replaced by Low-Price FBA rates effective August 29, 2023. The move aims to simplify the selling process by introducing lower FBA rates for all items priced below $10, while maintaining the fast FBA delivery speeds that customers prefer. As part of this change, items priced below $10 that were enrolled in Small and Light will see a slight increase in cost per item, but will benefit from faster shipping. Meanwhile, low-priced items not previously enrolled will benefit from a rate decrease of about $0.77 per item.
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Google has announced a change in its checkout services. The integrated checkout feature, known as Buy on Google, will no longer be available on Google Search and the Shopping tab in the United States from September 26, 2023.
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Overstock.com, an online shop for furniture and home stuff, has bought parts of Bed Bath & Beyond online. They spent $21.5 million on this. Now, Overstock owns the Bed Bath & Beyond brand, their online customer list, and more.
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USPS is introducing USPS Ground Advantage, the new ground shipping service that combines USPS Retail Ground, First-Class Package, and Parcel Select Ground into one comprehensive solution. Sellers can expect a streamlined shipping experience with the upcoming launch on July 9th. This new offering from USPS aims to simplify the shipping process and improve efficiency for sellers.
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Walmart+ Week is coming! Don’t miss out on this high-traffic opportunity. Prepare your catalog now to maximize exposure on Walmart.com! According to information provided by Walmart, last year, 78% of Walmart customers logged on to Walmart.com during retail deal events.
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In a critical step towards fair trade, U.S. lawmakers are set to introduce a bill called “The Import Security and Fairness Act.” This proposed legislation aims to dismantle the minimis rule, a tariff exemption that has been regularly leveraged by Chinese e-commerce giants like Shein, Temu, and AliExpress to circumvent import taxes on goods shipped to U.S. customers.
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Amazon has announced that new seller enrollment for the Seller Fulfilled Prime (SFP) program will reopen later this year. Originally launched in 2015, SFP has undergone significant improvements to enhance the Prime customer experience. Sellers interested in joining, your patience is about to pay off. Stay tuned for more details on the enrollment process.
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