EP084 - Amazon News, Walmart Earnings, RumorsAmazon News
- Prime day - 30 hours long, sometime the week of July 10t
- Amazon market cap crossed 2X Walmart
- 20yr anniversary of Amazon IPO - A $10K investment then would be worth $6,410,000 today
- 1 click patent expiring
- Amazon expanding into Pharmacy and Furniture
- Amazon B2B impacts Grainger (Now predict that 80% of the sales by 2021 will be online)
- Brands moving ad dollars from Google to Amazon
Walmart
- Strong Q1 earnings- Ecommerce up 63% (40% organic), GMV up 69%
- Same Store Sales up 1.4%
- Went from 10m SKUs a year ago to 50m SKUs today (Amazon has 355m)
- ThisIsStory opens Jet.com Fresh themed story
- Walmart files IOT Patents
Other News
- As earning season wraps up, discount retailers, dollar stores, and warehouses are up, while department stores are down.
- Samsonite purchases Ebags for $105m
- Google IO - Google is all in on artificial intelligence
- Target tried to buy Caspar and settled for an investment
- Target may be trying to buy Boxed
Scot will be hosting "Amazon & Me" an all day workshop on Tuesday June 6th at IRCE, he can be found in the Channel Advisor booth #607 for some of the show.
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Episode 84 of the Jason & Scot show was recorded on on Friday May 19, 2017.
http://jasonandscot.com
Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at Razorfish, 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.
