News and Listener Questions

EP265 - News and Listener Questions

Amazon News

• Amazon acquisition of MGM
• DC attorney general sues Amazon on antitrust grounds
• Amazon limited FBA access
• Amazon addressing review fraud
• Amazon Prime Day likely June 21 and 22

Other News

• Perch (from Episode 252) raises $775M
• Walmart testing a new livestream format
• Fedex struggling with late deliveries and adding higher surchages

Retail Q1 Earnings

• Ulta – US Comps up 65.9% (up 7% from 2YA)
• Costco – US Comps up 18.2%, e-commerce up 41.2%
• Dollar General – US Comps down 4.6%; (up 17.1% from 2YA)
• Best Buy – US Comps up 37.9%, e-commerce up 7.6% (online revenue was 33.2% versus 42.2% last year)
• Burlington – Comps up 20% (shutdown e-commerce Q1 2020)
• Gap – Comps up 28% (up 13% vs 2YA). Digital up 82% vs 2 YA.  Digital now 40% of total sales.

Episode 265 of the Jason & Scot show was recorded on Thursday May 27, 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.