Description

EP218 - Amazon Q1 2020 Earnings and Covid News 

Episode 218 covers some Covid-19 related e-commerce news, and provides an analysis of Amazon’s Q1 2020 Earnings.

Announcement

Next weeks show will be a live listener question show. Join our Zoom webinar on May 6th at 9pm ET, and you can watch us make a show, and ask your own questions.

• https://us02web.zoom.us/j/89837125650?pwd=QTM2QWZKRDlSNFFIU0xnRmZ2VWowQT09
• Password: 877145
• Webinar ID: 898 3712 5650
• International numbers available: https://us02web.zoom.us/u/kuutcaEJm

News

• Shopify becoming a marketplace? 
• Google shopping is now free
• Covid impact
  • 630,000 retail businesses have been closed since mid-March (about 61% of sf sq)
  • Forrester 16% E-Com -> 25% in april (70% digital influence)
  • 3% digital grocery -> 10% digital Grocery
  • Goldman Sachs: Retail Chain down 20.9% 
  • ShopperTrack: Traffic down 48%
  • Bankruptcies – JCREW, Neiman, JCP, Tuesday Morning, Lord & Taylor
  •  Gordon Brothers 25,000 stores and 100,000 restaurants could end up closing permanently this year 
  • UBS 100,000 retailers close by 2025 (15% -> 25% e-com penetration)
  • Everyone making PPE
  • Happy Story: Pets (“adopt a pet” surged about 335% in volume)

Simon Properties Opening Plans

Amazon Q1 2020 Earnings

• Earnings Release (PDF)
• Presentation

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Episode 218 of the Jason & Scot show was recorded live on Thursday, April 30th, 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.