EP272 - Q2 Ecom Data, Earnings, and Amazon News

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

Вміст надано Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.

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EP272 - Q2 Ecom Data, Earnings, and Amazon News

US Dept of Commerce Data

In July retail sales were up 13.3% from previous July (down 1.1% from June). Year to Date sales were up 21.1% vs. 2020. Apparel is in the biggest recovery, up 63%.

At peak of pandemic, restaurants lost nearly $51B/mo of sales to grocery stores. In July the gap has closed to $4B in sales. Restaurants sales for the past two months are higher than two years ago.

Retail sales for all of Q2 2021 grew 28.2% from Q2 2020, e-commerce in Q2 grew 9% during the same period (due to the very high covid driven e-com last year). E-Com was 13.3% of retail sales for Q2.

Q2 Retail Earnings Reports

Walmart – US Comp Store sales up 5.2%, E-Commerce up 6%
Target – US Comp Store sales up 8.9%, E-Commerce up 10%
Home Depot– US Comp Store sales up 3.4%, E-Commerce flat
Lowes– US Comp Store sales down 2.2%, E-Commerce up 7%

Stores selling essential goods are comping against a very large 2020 basis in Q2. Most stores saw increased foot traffic driving store growth. Concerns about Covid resurgence and supply chain disruptions loom for Q3 and Q4.

Amazon News

NYT wrote that people now spend more at Amazon than Walmart – Jason says the number are debatable and that’s besides the point.
WSJ wrote Amazon Plans to Open Large Retail Locations Akin to Department Stores. We discuss

Episode 272 of the Jason & Scot show was recorded on Thursday August 20, 2021.

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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