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 deviceWalmart 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 BonobosPetsmart buys Chewy.com for $3.35M (largest e-commerce acquisition ever)
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Episode 82 of the Jason & Scot show was recorded on Thursday April 6, 2017.
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.
