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EP233 - Q2 2020 Retail Earnings and News
Episode 233

EP233 - Q2 2020 Retail Earnings and News

The Jason & Scot Show - E-Commerce And Retail News · Jason "Retailgeek" Goldberg

August 20, 20201h 0m

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Show Notes

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.