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EP082 - Amazon Earnings, Walmart and Other News

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Manage episode 178111881 series 98062
Content provided by Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

EP082 - Amazon Earnings, Walmart and Other News

Amazon News

  • Amazon earnings call was a clean "beat and raise" exceeding analyst estimates for revenue and earned income. That drove the stock up 4% (approx 960), putting Amazon in striking distance of the $1000 price (which would also make Jeff Bezos the most wealthy man in the world.
  • Jeff Bezos comments were primarily focused on progress in India.
  • Jeff Bezos 2016 Shareholder letter is another can't miss (and don't forget to reread the 1997 letter posted at the end if you haven't seen it before)
  • Amazon has been profitable for 8 consecutive quarter
  • 3P Marketplace is over 50% of Amazon sales, putting total GMV for the Quarter around $60B
  • AWS continues to grow (47% this quarter) but rate of growth has continued to slow as they get larger
  • Prime estimates are now as high as 80M members
  • Amazon launched the new Echo Look device

Walmart News

  • Walmart has a new startup incubator "store 8" and Rent the Runway Founder Jenny Fleiss is the first project with a new personalized shopping concept
  • Walmart is offer new "Jet Style" discounts when you buy online and ship to store (vs. ship to home)
  • Walmart acquired Shoes.com url for $9M
  • Rumors that Walmart is in talks to acquire Bonobos

Petsmart buys Chewy.com for $3.35M (largest e-commerce acquisition ever)

Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes.

Episode 82 of the Jason & Scot show was recorded on Thursday April 6, 2017.

http://jasonandscot.com

Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, 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.

  continue reading

321 episodes

Artwork
iconShare
 
Manage episode 178111881 series 98062
Content provided by Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jason Goldberg, Jason "Retailgeek" Goldberg, Scot Wingo, and Channel Advisor or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

EP082 - Amazon Earnings, Walmart and Other News

Amazon News

  • Amazon earnings call was a clean "beat and raise" exceeding analyst estimates for revenue and earned income. That drove the stock up 4% (approx 960), putting Amazon in striking distance of the $1000 price (which would also make Jeff Bezos the most wealthy man in the world.
  • Jeff Bezos comments were primarily focused on progress in India.
  • Jeff Bezos 2016 Shareholder letter is another can't miss (and don't forget to reread the 1997 letter posted at the end if you haven't seen it before)
  • Amazon has been profitable for 8 consecutive quarter
  • 3P Marketplace is over 50% of Amazon sales, putting total GMV for the Quarter around $60B
  • AWS continues to grow (47% this quarter) but rate of growth has continued to slow as they get larger
  • Prime estimates are now as high as 80M members
  • Amazon launched the new Echo Look device

Walmart News

  • Walmart has a new startup incubator "store 8" and Rent the Runway Founder Jenny Fleiss is the first project with a new personalized shopping concept
  • Walmart is offer new "Jet Style" discounts when you buy online and ship to store (vs. ship to home)
  • Walmart acquired Shoes.com url for $9M
  • Rumors that Walmart is in talks to acquire Bonobos

Petsmart buys Chewy.com for $3.35M (largest e-commerce acquisition ever)

Don't forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes.

Episode 82 of the Jason & Scot show was recorded on Thursday April 6, 2017.

http://jasonandscot.com

Join your hosts Jason "Retailgeek" Goldberg, SVP Commerce & Content at SapientRazorfish, 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.

  continue reading

321 episodes

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