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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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Feb 19, 2021

Episode 254 is a breakdown of Walmart and Shopify Q4 2020 earnings reports, a recap of 2020 sales data from the US Dept Commerce, and Amazon News.

2020 Sales Data

US Dept of Commerce released it’s retail data for December, which gives us a full picture of 2020, as well as the Q4 e-commerce data.

  • Retail sales in 2020 were $5.6T, representing 27% of the U.S. GDP
  • Retail as a whole experienced healthy growth of 3.4% versus 3.5% in 2019
  • E-commerce grew 32% to $792B in sales, vs 15% growth in 2019
  • E-commerce was 14% of all retail sales (vs 11% in 2019)
  • Jason wrote a detailed recap of 2020 in Forbes:
    2020: Not Quite Retail Apocalypse, But Great For E-Commerce

Walmart Earnings

  • US Q4 comp sales grew 8.6% eCommerce sales grew 69%
  • FY revenue was $559.2 billion, comp sales increased 8.6%, E-Commerce sales grew 79%

Shopify Earnings

Amazon news:

Episode 254 of the Jason & Scot show was recorded live on Thursday, February 19th, 2021.

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.

https://retailgeek.com

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