The company’s investor pitch deck says that it can solve problems for e-commerce brands like marketing, retail, inventory, logistics and forecasting.
“E-commerce could be a trillion-dollar opportunity but no one yet has built anything for the benefit of brands,” said Palmieri. “Tradeswell is like an AI layer that allows brands that trade goods on multiple channels to have a single platform that serves them — they get not just data, but also the context around that.”
The RFP issued in the spring states that Expedia saw “5-7 times our usual volumes, even in our busiest times and equates to hundreds of thousands of calls.”
The brief called for a firm to help with PR and social media and potentially work with Expedia’s creative agency of record with the goal of hiring an agency by mid-May, but the company acknowledged that the process could be altered.
In response to the coronavirus pandemic, Amazon moved its Prime Day sales events to mid-October.
“Amazon commands such a significant share of retail and is growing so rapidly that I think retailers have to be aware and have to compete,” said Edward Jones retail analyst Brian Yarmouth.
