EP142 - Industry News and Retail Earnings Scot Wingo Tarheel of the week. Amazon News Amazon licensing it’s Amazon Go “Just Walkout Technology” to Hundai in S. Korea Whole Foods now selling via Alexa Whole Foods  offering 30-minute windows for curbside pickup Party City selling on Amazon Walmart News Earnings – Same Store Sales up 6% y/y (highest in 10 years) 40% E-Com Growth  Traffic and Tickets up 2% in US Grocery pickup is now in more than 1,800 locations (40% of US Pop by EOY) “Clearly, the consumer backdrop is favorable, we’re getting a little bit of benefit from that”, Dan Binder VP Investor Relations Allowing 3p returns in stores Walmart co-leads $500M investment in Chinese online grocery service Dada-JD Daojia Target News Same Store Sales up 6.5% y/y (highest in 13yrs) E-Com Up 41% (vs 36% last year) Traffic up 6.4% “I’ve been doing this for a long time, and I think this is the healthiest environment I’ve ever seen” Target CEO Brian Cornell Same Day Delivery 1100 stores / Curbside pickup 800 stores Owned Brand Cat & Jack $2B in 1 year Mallageddon 4,379 closures / 2,239 opens = 2,100 net fewer stores  (net 2800 reduction in stores in 2017) Loss of 35M ft sq of retail space (closed stores are typically smaller footprint than new store openings) Industrial space is now MORE expensive than retail space Upcoming: Shop.org September 12-14th, Las Vegas Groceryshop October 28-31, Las Vegas Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 142 of the Jason & Scot show was recorded on Thursday, August 23rd, 2018. http://jasonandscot.com Join your hosts Jason “retailgeek” Goldberg, SVP Commerce & Content at SapientRazorfish, 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. Transcript Jason: [0:29] Welcome to the Jason and Scot show. This is episode 142 being recorded on Thursday August 20 3rd 2018. I’m your host Jason “Retailgeek” Goldberg,and as usual I’m here with your cohost and TarHeel of the week, Scot Wingo. Scot: [0:47] Hey Jason and welcome back Jason escutcheon listeners. Yes it’s true. Star High I guess I’m Tarheels this week. So we have a newspaper here in Raleigh called The News and Observer. It’s been around forever. And they do this weekly thing where someone is the Tarheel of the week. And that was me this week. I get I get a pen. Evidently I’m excited. Jason: [1:11] I think that’s actually totally cool. At the risk of sounding corny I am sort of proud for you. Scot: [1:18] Thanks man. The thing that is a little complicated. Musher in this area you may not understand. And so our state is the Tar Heel state. But you can see the Tarheels and immanence 8 person. So I’m really a wolf pack fan. It’s all my Wolfpack fans have been me crap this week that I’m Tarheels the week because lot of them don’t understand it’s a state thing and not a season. So yeah. So it is friction between USC NC State Duke. Jason: [1:44] Gaji so. Scot: [1:50] There is so that’s been fun to do. Jason: [1:51] Oh I could totally imagine I’ve just gone from being proud of you to thinking you should not accept. Now it’s very cool. I do. I do get that conundrum though. Scot: [2:04] Yeah. And you were at east up in Boston. How did that sugar. Jason: [2:10] It went really well for those that have never had a chance to spend time in Boston. It is very easy access to a Dunkin Donut from anywhere in downtown Boston. Scot: [2:21] I have been to Boston and there are a fair number of Starbucks to see must of been a happy camper. Jason: [2:25] Yes. Yes. As I may have joked with you in our our voluminous rehearsals that we do for these podcasts the the show Hotel is, a nice Sheraton that has an adjacent Starbucks and a Shake Shack so that basically has all the amenities I need. Scot: [2:44] And a none. There sure there’s your meals right there boom. Jason: [2:4