EP233 - Q2 2020 Retail Earnings and News
US Census Data
Retail Earnings Updates
- Walmart Comp sales up 9.3% E-commerce up 97%. Transactions down 14%, basket up 27%
- Target SSS up 10.9%, E-Commerce up 195%. 75% e-commerce fulfilled from stores.
- Home Depot SSS up 25%, e-commerce up 100% (60% BOPIS)
- Lowes US Comp sales up 35.1%, E-commerce up 135%
- Kohls – net sales decrease (22.9%)
- TJX – Net sales came in at $6.67b v $9.78 billion YoY ($214M Loss)
2020 Q2 E-Commerce Scoreboard
- Target 195% (same day 300%)
- Etsy 147%
- Lowes 135%
- HomeDepot 100%
- Walmart 97%
- Shopify 97%
- E-commerce overall (US census): 44.5%
- Amazon: 41% overall, 44% US, 3PM grew 53%
- eBay 26%
Other News
- Simon (SPARC) buys Brooks Brothers, (Aéropostale, Forever 21, Lucky Brand)
- JCP suitors – Amazon and Simon
- Shipping sur-charges
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Episode 233 of the Jason & Scot show was recorded live on Wednesday, August 19th, 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.
