EP233 - Q2 2020 Retail Earnings and News

EP233 - Q2 2020 Retail Earnings and News 

US Census Data

• US Census Retail Data website
• Quarterly Retail E-Commerce Sales 2nd Quarter 2020 (PDF)
• St. Louis Federal Reserve Tool (FRED)
• Google Public Dataset Tool

Retail Earnings Updates

• Walmart Comp sales up 9.3% E-commerce up 97%. Transactions down 14%, basket up 27%
• Target SSS up 10.9%, E-Commerce up 195%. 75% e-commerce fulfilled from stores.
• Home Depot SSS up 25%, e-commerce up 100% (60% BOPIS)
• Lowes US Comp sales up 35.1%,  E-commerce up 135% 
• Kohls – net sales decrease (22.9%)
• TJX – Net sales came in at $6.67b v $9.78 billion YoY ($214M Loss)

2020 Q2 E-Commerce Scoreboard

• Target 195% (same day 300%)
• Etsy 147%
• Lowes 135%
• HomeDepot 100%
• Walmart 97%
• Shopify 97%
• E-commerce overall (US census): 44.5%
• Amazon: 41% overall, 44% US, 3PM grew 53%
• eBay 26%

Other News

• Simon (SPARC) buys Brooks Brothers, (Aéropostale, Forever 21, Lucky Brand)
• JCP suitors – Amazon and Simon
• Shipping sur-charges

Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes.

Episode 233 of the Jason & Scot show was recorded live on Wednesday, August 19th, 2020.

http://jasonandscot.com

Join your hosts Jason "Retailgeek" Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and Co-Founder of ChannelAdvisor as they discuss the latest news and trends in the world of e-commerce and digital shopper marketing.