This episode offers a snapshot of the ecommerce landscape in 2017, highlighting the rapid expansion of Amazon and Walmart. It provides valuable context on marketplace dominance, the shift of ad dollars, and emerging retail trends, crucial for understanding the foundational strategies that continue to shape the industry today.
Key takeaways
Amazon's market cap surpassing Walmart's by 2x signaled a significant power shift in retail, emphasizing the growing importance of online dominance.
Walmart's Q1 2017 ecommerce growth of 63% (40% organic) and GMV up 69% demonstrates the critical need for traditional retailers to invest heavily in their digital channels to compete.
The expansion of Amazon into new categories like pharmacy and furniture, alongside its B2B impacts on companies like Grainger, illustrates the continuous need for businesses to adapt to Amazon's encroaching presence across various sectors.
The trend of brands reallocating ad budgets from Google to Amazon indicates the increasing effectiveness of advertising directly on marketplaces where purchase intent is high.
The stark contrast between the growth of discount retailers/dollar stores/warehouses and the decline of department stores underscores a fundamental shift in consumer purchasing habits towards value and convenience, prompting businesses to reassess their operational and pricing strategies.
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
What does this episode say about amazon & marketplaces?
Amazon's market cap surpassing Walmart's by 2x signaled a significant power shift in retail, emphasizing the growing importance of online dominance.
What does this episode say about retail & omnichannel?
Walmart's Q1 2017 ecommerce growth of 63% (40% organic) and GMV up 69% demonstrates the critical need for traditional retailers to invest heavily in their digital channels to compete.
What does this episode say about finance & fundraising?
The expansion of Amazon into new categories like pharmacy and furniture, alongside its B2B impacts on companies like Grainger, illustrates the continuous need for businesses to adapt to Amazon's encroaching presence across various sectors.
What does this episode say about ai & automation?
The trend of brands reallocating ad budgets from Google to Amazon indicates the increasing effectiveness of advertising directly on marketplaces where purchase intent is high.
What does this episode say about amazon & marketplaces?
The stark contrast between the growth of discount retailers/dollar stores/warehouses and the decline of department stores underscores a fundamental shift in consumer purchasing habits towards value and convenience, prompting businesses to reassess their operational and pricing strategies.
