Ecom earnings: Amazon, Shopify, Meta and more

Author

Stephen Babcock
October 28, 2022

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This week brought out Q3 earnings reports from top tech companies, and that meant there was plenty to learn about the status of the largest ecommerce businesses on which brands sell and market. Among the highlights: Amazon bucked the trend to grow advertising as Meta and YouTube saw revenue fall, while services helped Shopify bounce back. Plus, Pinterest's new CEO offered an update on its shopping push.

Wired offers one of the first inside looks at Pinduduo’s US-based ecommerce platform, finding that it is quickly growing an assortment while offering low prices. A social element that includes reviews and user photos is also prominent. Goods ship from China, so there’s no fast delivery promise being made, for now. – Wired

Walmart is making app upgrades ahead of the holidays. The shopping experience now includes virtual queuing and a button to “Buy Now,” along with green price tags that indicate a sale. Plus, Walmart is expanding augmented reality and style recommendation features. Here’s a look at what’s new, plus our views.

In the middle part of the last decade, Hershey had a bid to sell itself on the table. But the company managed to get back to growth by making purchases of its own. Hershey became a major player in snacks through the acquisition of brands like SkinnyPop and Pirate’s Booty. "They’re not just a confectionery company anymore,” an analyst told the Wall Street Journal. – Wall Street Journal

Pickup doesn’t only have to run through a brand's stores. Abercrombie & Fitch said it is expanding pickup points for orders to include FedEx, Office Depot and Walgreens locations. With brands seeking to offer more options, will we see more logistics partnerships flow between categories? – RetailWire

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