told third-party sellers in an email on Friday that it will raise fulfillment fees by just 3% next year.
The move shows the importance with which Amazon views growing its third-party seller base, even if it results in smaller profits for the company.Amazon is raising the fulfillment fees it charges third-party sellers in the US by just 3% next year — despite having spent a record amount in improving its storage and shipping infrastructure this year.
The company added that it's keeping the fee "below industry average," even though 2019 was its "largest one-year investment" period in fulfillment infrastructure. Amazon invested more than $15 billion in improving its fulfillment program this year, while spending over $3 billion to make one-day delivery the default for its Prime members.
In a statement to Business Insider, Amazon's spokesperson confirmed the email, saying it wants third-party sellers to focus on "developing great products for customers" instead.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Drive-Thru: Amazon delivery, McDonald's breakfast, tiny IHOP - Business InsiderAs Amazon enters crunch time before the holidays, Hayley has some great insights into how the e-commerce giant is approaching delivery.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Amazon announces huge facility for Project Kuiper internet satellites - Business InsiderThe tech giant is moving its Project Kuiper team in a big play to compete in the emerging industry of global, high-speed satellite-internet service. China right in Washington.
Source: BusinessInsider - 🏆 729. / 51 Read more »
UN postal agency mulls opening up to Amazon, FedEx, UPS, others - Business InsiderA powerful United Nations agency is quietly considering allowing companies into a 145-year-old international mailing pact — and it could give Amazon, UPS, FedEx, and a slew of e-retailers unprecedented shipping power
Source: BusinessInsider - 🏆 729. / 51 Read more »
This is where Amazon is building its Project Kuiper headquarters - Business InsiderIt may not look like much now, but this is where Amazon will base its Project Kuiper mission to space from in Redmond, Washington. Check it out. Planning to steal technology?
Source: BusinessInsider - 🏆 729. / 51 Read more »
FedEx investors are scrambling to find the bottom amid Amazon threat - Business InsiderFedEx's 'breathtakingly bad' earnings has investors scrambling to find the bottom as Amazon's skyrocketing logistics network looms One day the “skyrocket logistics” will pass via holograms through our smartphones🤩🤩🤩👍
Source: BusinessInsider - 🏆 729. / 51 Read more »