The big news of the week is Mercado Libre Alliance with Soriana in Mexico!! The alliance between a powerhouse of online + a powerhouse of brick & mortar will be exciting to watch!!
Also this week:
- Affirm to purchase Returnly in a $300 million deal
- DTC furniture brand Floyd is launching a resale marketplace
- Lululemon to launch a resale program for ‚like new’ products
- Amazon launches Amazon Salon in London!!
- StartUp of the week: Aftership raises 66M
The enemy of my enemy is my friend
Mercado Libre and Soriana join forces in a retail strategy
So you can buy in Soriana from Mercado Libre to order the supermark… (Entrepreneur)
This story originally appeared on Alto Nivel
— Tech Industry Briefly (@TechIndustry_b) April 22, 2021
Latin America is the region that grew the most in eCommerce in the last 12 months! This has accelerated significantly the transformation speed for many companies.
I think that this alliance between Soriana and Mercado Libre is a very smart move joining forces of both companies. Soriana will have a presence in the Mercado Libre Marketplace with categories such as personal care, wellness, pets, garden, food and beverages, beauty, and home. The Marketplace will also manage warehousing and delivery for Soriana and promise a 24 hours delivery.
Do we see more of these cooperations in the future? I would bet YES!
If you can’t build it fast enough, you better partner!!
Affirm to purchase Returnly in $300 million deal
Congratulations @returnly and @affirm! Instant store credit for returns is the newest weapon in Affirm’s arsenal. Happy to see two great teams come together. Congrats @mlevchin Eduardo @jefffluhr! https://t.co/ogJwhfymHG
— David Sacks (@DavidSacks) April 21, 2021
A financial firm acquiring a reverse logistics solution! Interesting no?
Affirm plans to acquire Returnly for $300 million.
Growth of eCommerce = Growth of Returns!
Returnly helps merchants to process returns by offering instant store credit even before an item is returned to the merchant, this allows the consumers to use their store credit to get replacement items before their return is fully processed. That’s a great way to get product replacement rather than a lost sales!
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.
Photo credit @ pxfuel