EP016 - Mobile World Congress, Target Earnings, Sports Authority Chapter 11, and Book Recommendations
Mobile World Congress recap:
Mobile Connect - http://www.gsma.com/personaldata/personal-data-programme
Echoss - http://www.12cm.co.kr/en/12cm
Viewport fragmentation
Q4 results continue to come in:
Target
Comp sales up 1.9 vs Walmart 0.6%
Signature Categories up 6%
Traffic up 5 consecutive quarters
Q4 E-Com Up 34% vs Walmart 8%
30% of orders fulfilled from stores (40% OOS in FC)
E-commerce up 31% for Full Year (vs 30% last year)
Free Shipping vs. Walmart $50 threshold
Further reading:
http://fortune.com/2016/02/24/target-walmart-holiday-shopping
http://fortune.com/2016/03/02/target-ecommerce-2
http://www.wsj.com/articles/target-says-online-sales-surge-tied-to-store-inventories-1456348233
MercadoLibre:
Gross Merchandise Volume rose 86% in local currencies, mainly driven by Argentina and Brazil. Marketplace revenues grew 63% and non-Marketplace 79%. Total revenues accelerated to 69%, all in local currencies.
Total payment transactions grew 79% to 25.4 million, while Total payment volume grew close to 100% in local currencies, reaching $1.5 billion. MecardoEnvios (MercardoLibre's payment platform) penetration close to 70% in Brazil, and 50% considering only the countries where the shipping solution is available. 2016 forecast - 23% GMV growth, caused by headwinds in BR - transition to next blurb.
Sports Authority Files chapter 11
Closing 140 stores (1/3 of total)
Expect / trying to come out the other side in better shape
$1b in liabilities $50k in assets http://money.cnn.com/2016/03/02/news/companies/sports-authority-bankruptcy/index.html
Amazon
This week we want to introduce a new segment called Jason and Scot recommends:
Originals is by Adam Grant with a foreword by Sheryl Sandberg
The Amazon Marketplace Seller That Says It Has "the Colombian Cocaine" of Algorithms
By Burt Helm on Slate
http://www.slate.com/blogs/moneybox/2016/02/26/pharmapacks_makes_over_70_million_selling_miscellaneous_items_on_amazon.html
Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future
by Ashlee Vance
Extraordinary Experiences: What Great Retail and Restaurant Brands Do
by Denise Lee Yohn
Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at Razorfish, and Scot Wingo, Founder and Executive Chairman of Channel Advisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.