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The Jason & Scot Show - E-Commerce And Retail News

Join hosts Jason “Retailgeek” Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and 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.
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Aug 20, 2020

EP233 - Q2 2020 Retail Earnings and News 

US Census Data

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

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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.

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