The final countdown to Prime Day

Author

Stephen Babcock
July 06, 2022

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This week, Walmart takes a stake in a warehouse automation partner, Moët Hennessy brings on a Napa Valley legend and a group of ecommerce software companies are raising millions. Check out the latest M&A and venture capital activity in ecommerce and consumer goods.

In particular, TikTok is jettisoning its expansion of livestream shopping after the UK edition struggled to gain traction and influencers departed. TikTok parent ByteDance saw live shopping grow quickly in China, but apparently that success couldn't be replicated further west. "The market just isn't there yet," a TikTok employee told FT. – Financial Times

Since going public in November, Lulu’s Fashion Lounge has continued to rise with the return of weddings and events. With a “fresh fashion” approach and investments in its supply chain, there are no signs here of the inventory and demand issues that are leaving other retailers struggling. –Bainbridge Growth

Leaders from top consumer goods companies offered insights from their experience using data at the recent Analytics Unite event in Chicago. Among the takeaways: Indicators are showing what’s important to the customer at a given moment, but it’s necessary to have teams of people around these efforts to identify trends. – RIS News

We’re less than a week til Prime Day, which arrives on July 12. It means final preparations are being made, with both sellers and Amazon hoping for a boost as talk of a recession looms. This week, the latest federal jobs data will provide a look at the labor market reading of the current economic climate.

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