EP084 - Amazon News, Walmart Earnings, RumorsAmazon News

Prime day - 30 hours long, sometime the week of July 10t
Amazon market cap crossed 2X Walmart
20yr anniversary of Amazon IPO - A $10K investment then would be worth $6,410,000 today
1 click patent expiring
Amazon expanding into Pharmacy and Furniture
Amazon B2B impacts Grainger (Now predict that 80% of the sales by 2021 will be online)
Brands moving ad dollars from Google to Amazon

Walmart

Strong Q1 earnings- Ecommerce up 63% (40% organic), GMV up 69%
Same Store Sales up 1.4%
Went from 10m SKUs a year ago to 50m SKUs today (Amazon has 355m)
ThisIsStory opens Jet.com Fresh themed story
Walmart files IOT Patents

Other News

As earning season wraps up, discount retailers, dollar stores, and warehouses are up, while department stores are down.
Samsonite purchases Ebags for $105m
Google IO - Google is all in on artificial intelligence
Target tried to buy Caspar and settled for an investment
Target may be trying to buy Boxed

Scot will be hosting "Amazon & Me" an all day workshop on Tuesday June 6th at IRCE, he can be found in the Channel Advisor booth #607 for some of the show.

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Episode 84 of the Jason & Scot show was recorded on on Friday May 19, 2017.

http://jasonandscot.com

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