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 Data

US 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

Walmart Earnings

• 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%

Shopify Earnings

• 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 news:

• 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