EP082 - Amazon Earnings, Walmart and Other News
Amazon News
- Amazon earnings call was a clean "beat and raise" exceeding analyst estimates for revenue and earned income. That drove the stock up 4% (approx 960), putting Amazon in striking distance of the $1000 price (which would also make Jeff Bezos the most wealthy man in the world.
- Jeff Bezos comments were primarily focused on progress in India.
- Jeff Bezos 2016 Shareholder letter is another can't miss (and don't forget to reread the 1997 letter posted at the end if you haven't seen it before)
- Amazon has been profitable for 8 consecutive quarter
- 3P Marketplace is over 50% of Amazon sales, putting total GMV for the Quarter around $60B
- AWS continues to grow (47% this quarter) but rate of growth has continued to slow as they get larger
- Prime estimates are now as high as 80M members
- Amazon launched the new Echo Look device
Walmart News
- Walmart has a new startup incubator "store 8" and Rent the Runway Founder Jenny Fleiss is the first project with a new personalized shopping concept
- Walmart is offer new "Jet Style" discounts when you buy online and ship to store (vs. ship to home)
- Walmart acquired Shoes.com url for $9M
- Rumors that Walmart is in talks to acquire Bonobos
Petsmart buys Chewy.com for $3.35M (largest e-commerce acquisition ever)
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Episode 82 of the Jason & Scot show was recorded on Thursday April 6, 2017.
http://jasonandscot.com
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.
