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EP253 - Amazon Q4 2020 Earnings: EP253 - Amazon Q4 2020 Earnings

EP253 - Amazon Q4 2020 Earnings: EP253 - Amazon Q4 2020 Earnings

ИзThe Jason & Scot Show - E-Commerce And Retail News


EP253 - Amazon Q4 2020 Earnings: EP253 - Amazon Q4 2020 Earnings

ИзThe Jason & Scot Show - E-Commerce And Retail News

оценки:
Длина:
38 minutes
Издано:
Feb 3, 2021
Формат:
Подкаст Эпизод

Описание

EP253 - Amazon Q4 2020 Earnings Amazon Earnings Amazon reported in Q4 2020 earnings on Tuesday Feb 2. Jeff Bezos is stepping down as CEO and moving into an executive chairman role. Read his letter to employees here. We deep dive into the Q4 and full year 2020 results. Sales, profit, and free cash flow were all above expectations. US product sales had a robust 44% YoY increase. 3P continues to grow as a share of sales (now 55% of sales mix). AWS continued to grow. Other income (which is largely ad sales) was up 66% representing $21.477B of revenue in 2020, well above expectations. In other news: Walmart is accelerating it’s automated picking for store fulfillment. Uber has purchased Drizly for $1.1B. We spoke with the VP of Partnerships at Drizly on Episode 163. Episode 253 of the Jason & Scot show was recorded live on Tuesday, February 2nd, 2021. http://jasonandscot.com 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. Transcript Jason: [0:24] Welcome to the Jason and Scot show this is episode 253 being recorded on Tuesday February 2nd 2021 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scott Wingo. Scot: [0:41] Hey Jason and welcome back Jason Scott show listeners, Jason get him any more bummed out today I was all excited to get the Amazon news Q4 we’re going to see finally how holiday 2020 went this is like one of the first companies reporting this cycle so I was all excited for that and then I got my legs taken out Jeff Bezos is announced that he is going to move from CEO he’s no longer be CEO of Amazon he’s moving to executive director so I’m a little sad about that we’ve seen, a 27-year run he’s one of our biggest fans of the podcast so he’s probably listening right now so Jeff great 27 years is good run and sorry to see you go so I’m going to do I’m going to miss hearing him. Talk about, day one and all is management principles and all that stuff so but I’m sure he’ll go do some cool new stuff how are you feeling about it Jason. Jason: [1:39] Yeah well at first I was excited because I was hoping I wouldn’t get all those like detailed notes that he sends after each episode about what he agreed and disagreed with but then I was informed that he’s mostly stepping out of the the CEO Row in order to have more time to focus on our podcast so. So I’m not sure how that’s going to play out but in all seriousness. Scot: [1:59] Maybe we could co-host the Jason Scott and Jeff show. Jason: [2:03] He keeps asking to come on we’re eventually going to have to relent and let him. In all seriousness though I actually didn’t view this as very big news. In my mind I feel like he had largely already stepped out of the operational CEO role. Late last year early this year and then my understanding is he kind of became much more active and got re-engaged specifically because of covid and so I feel like. He you know kind of sucked him back in and now that he feels like he’s worked through the at least the. The big first wave he’s looking to take a step back again so I kind of view it as him kind of following in your footsteps and building a good company and then you know turning turning over the keys to other operators and. I I think I mean he’s still going to own a bunch of stock he’s still gonna be involved in their strategic decisions I sort of don’t think he was getting. The customer feedback the same way he was earlier in his career even before this so I’m not sure it’s a huge difference. Scot: [3:17] Yeah cool well couple highlights from the letter he sent out I won’t read the whole thing although it’s it’s a good read I definitely recommend everyone look at it so we’re just pick out a couple things here first paragraph I’m excited to announce that this Q3 all transition so he’s so this will happen
Издано:
Feb 3, 2021
Формат:
Подкаст Эпизод