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Overall, it appears that ecommerce inflation towards the end of 2022 ended up having an insignificant impact on the retail industry during the holiday shopping season.
Retailers usually roll out their major deals leading up to the holidays, that’s why the keyword “after christmas clearance sale” took our spot #1 in today’s top movers. Products related to this keyword have already sold 83 units per day in the last few days. |
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Because of the “uncertain macroeconomic environment”, Amazon has secured an $8 billion term loan, which will be used to fund general corporate purposes. The loan will mature in 364 days, with an option to extend for the same period.
The lenders include DBS Bank and Mizuho Bank. The company is expected to continue to invest heavily in its operations and growth, including in its fast-growing cloud computing business, Amazon Web Services.
It will be recalled that Amazon has been implementing cost-cutting measures since last year, including laying off workers and declaring a hiring freeze. It has also offloaded some fees to third-party sellers, including shipping correction charges on returns. |
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How Is Amazon’s Seller Lending Business Doing? |
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The documents showed that the lending arm catered to over a million customers and sellers in the previous year, with a $50 billion total transaction volume. This is a bounce back from its slower pace during the pandemic, which means sellers are more confident and ready to take more risks now that the economy is slowly recovering.
However, while more loans are expected to be requested, Amazon is still wary about defaulters and is tightening its underwriting process.
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Wouldn’t it be nice to get rid of the usual “undesirables” in obtaining additional capital?
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Wouldn’t it be better to not have a mandatory monthly payment so you don’t have to worry when your business doesn’t make money in a particular month?
Isn’t it nice if you’re required to pay only when you have net profits AND if you want to?
These are all possible with AccrueMe. |
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Will Louboutin Change Amazon? |
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