Temu may be a worthy Amazon competitor after all [Crew Review]

Q4 is approaching fast. Take advantage of the sales season and get more funding for your e-commerce business. We’ll show you how on July 30, 2024 at 9:30 AM (PST).

Hey Reader,

It may not have the big numbers that Amazon has right now, but Temu’s performance is promising.

The PPD-owned e-commerce company known for its budget finds reported that its sales surged to $20 billion in the first half of 2024. This is already higher than its 2023 sales of $18 billion.

We’ll have to see how it does in the final half of the year, but experts think it won’t disappoint.

It’s growing faster than Shein and TikTok Shop.

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This Week’s Trending Product: Ugly Stiks Fishing Rod

• Search Term: ugly sticks fishing rod
• Yearly Growth: 326% 
• Monthly Growth: 19% 
• Monthly Search Volume: 50,679

This is an interesting entry because the main search term is misspelled. Instead of “Ugly Stik” most people type “Ugly Sticks.” These fishing rods are popular to both beginner and experienced fishers and have solid graphite tips.

Check out other Amazon bestsellers for July.

Amazon Seller Spotlight: Peltz Shoes

• Third Party Seller Rank: #45 Overall 
• Amazon Link: Peltz Shoes
• Company Website: https://www.peltzshoes.com/
• Estimated Revenue: $28 million

Peltz Shoes’ catalog is composed of more than 150 brands. The company was founded in 1957 and has since been dedicated to providing their customers with multiple options for the perfect fit. They carry brands like Skechers, New Balance, and Birkenstock.

Want to know who the top players are on Amazon this month? Here’s a list of the top Amazon sellers for July.