EP097 - Industry News
Congratulations to friend of the show Billy May, on his new appointment as CEO of Sur La Table. Billy was a guest on episode 23.
Amazon News
Other News
- US Dept of Commerce reported that e-commerce grew 16.3% in Q2 - half of that was from amazon. Fastest growth since early 2012 - 12.1% of total sales.
- TJX sales up 6%
- Gap earnings slightly up; they announce new BOPIS test.
- Dicks Sporting Goods, CEO, Ed Stack:
- "There's a lot of people right now ... in retail and in this industry in panic mode," Stack added. "They seem to be in panic mode with how they're pricing, and we think it's going to continue to be promotional, and at times irrational, going forward."
- Stack said he noticed heavier promotions and price cuts particularly on athletic apparel, electronics, and hunting, fishing and camping gear beginning around Father's Day this year. "And it continued to be very promotional — not only from retailers but also from some of the brands on a direct-to-consumer basis."
- Walmart Online grew 60% y/y
- Target acquired that same day delivery company Grand Junction
- Alibaba 56% y/y growth vs 49% projected- Adj EBITDA margins of 50%. Jack Ma talks about New Retail concept (such as Hema Grocery store)
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Episode 97 of the Jason & Scot show was recorded on Saturday August 19, 2017.
Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, 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.
http://jasonandscot.com