Join hosts Jason “Retailgeek” Goldberg, Chief Commerce Strategy Officer at Publicis, and Scot Wingo, CEO of GetSpiffy and 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.
http://jasonandscot.com
episode 254: Walmart and Shopify earnings, and retail sales data
Episode 254 is a breakdown of Walmart and Shopify Q4 2020 earnings reports, a recap of 2020 sales data from the US Dept Commerce, and Amazon News.
2020 Sales DataUS Dept of Commerce released it’s retail data for December, which gives us a full picture of 2020, as well as the Q4 e-commerce data.
- Retail sales in 2020 were $5.6T, representing 27% of the U.S. GDP
- Retail as a whole experienced healthy growth of 3.4% versus 3.5% in 2019
- E-commerce grew 32% to $792B in sales, vs 15% growth in 2019
- E-commerce was 14% of all retail sales (vs 11% in 2019)
- Jason wrote a detailed recap of 2020 in Forbes:
2020: Not Quite Retail Apocalypse, But Great For E-Commerce
- US Q4 comp sales grew 8.6% eCommerce sales grew 69%
- FY revenue was $559.2 billion, comp sales increased 8.6%, E-Commerce sales grew 79%
- Fourth-Quarter Revenue Grows 94% on GMV Growth of 99%
- Full-Year 2020 Revenue Grows 86% on GMV Growth of 96%
- FY Subscription Solutions revenue grew 41% to $908.8 million,
- FY Merchant Solutions revenue grew 116% to $2B
- Shopify Expands Its Checkout System to Facebook and Instagram
- Amazon acquires Seltz, a Shopify competitor
Episode 254 of the Jason & Scot show was recorded live on Thursday, February 19th, 2021.
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.
https://retailgeek.com