Who got fined? What feature does Amazon plan to bring? Who's seeing revenue growth? Let’s get down to what happened in commerce and tech news in the last week. This post is curated to help tune-out some of that noise and turn it into information that matters.
WHAT'S GOING ON IN COMMERCE THIS WEEK?
COLLABORATIVE Wish lists Coming to Amazon?
There's rumours that Amazon plans on adding collaborative wish lists. Why? On the mobile app, a new option called 'invite others' was seen on people's wish lists. Clicking it reveals a URL that can be shared to others. The invitees can then add and remove wish list items just as the owner can. This may seem small, but it's big for Amazon's customers.
Philips, Asus, Pioneer, and D&M Hit with Fines in the EU
All four companies have been fined a total of 111.2 million euros ($130 million by EU antitrust regulators. Why? They were found imposing fixed or minimum online prices for their products. They restricted online retailers from setting their own prices. This followed a 17-month investigation by the European Commission.
UPS Sees Growth Driven Partially By Ecommerce Demand
Due to higher base pricing and ecommerce demand growing in the United States, UPS saw high revenue growth in the last quarter. However, this did not increase their profits. This is because of expenses, like the upgrade to their technology systems as they try to compete with their competitors.
WHAT'S HAPPENING AT SMITH THIS WEEK
SMITH'S GUIDE TO: COMMERCE FOR MANUFACTURERS
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