EP233 - Q2 2020 Retail Earnings and News  US Census Data US Census Retail Data website Quarterly Retail E-Commerce Sales 2nd Quarter 2020 (PDF) St. Louis Federal Reserve Tool (FRED) Google Public Dataset Tool Retail Earnings Updates Walmart Comp sales up 9.3% E-commerce up 97%. Transactions down 14%, basket up 27% Target SSS up 10.9%, E-Commerce up 195%. 75% e-commerce fulfilled from stores. Home Depot SSS up 25%, e-commerce up 100% (60% BOPIS) Lowes US Comp sales up 35.1%,  E-commerce up 135%  Kohls – net sales decrease (22.9%) TJX – Net sales came in at $6.67b v $9.78 billion YoY ($214M Loss) 2020 Q2 E-Commerce Scoreboard Target 195% (same day 300%) Etsy 147% Lowes 135% HomeDepot 100% Walmart 97% Shopify 97% E-commerce overall (US census): 44.5% Amazon: 41% overall, 44% US, 3PM grew 53% eBay 26% Other News Simon (SPARC) buys Brooks Brothers, (Aéropostale, Forever 21, Lucky Brand) JCP suitors – Amazon and Simon Shipping sur-charges Don’t forget to like our facebook page, and if you enjoyed this episode please write us a review on itunes. Episode 233 of the Jason & Scot show was recorded live on Wednesday, August 19th, 2020. 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 Scott show this is episode 233 being recorded on Wednesday August 20th 2020 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scot Wingo. Scot: [0:40] Hey Jason and welcome back Jason Scott show listeners. Today on the show we’re going to take a break from the summer of Blue Chip guest and we are going to catch you up on the news, we did have our hot take on Amazon’s results so that was one of the big news items that we covered about three episodes ago now. And today we had the US Census Bureau they put out their quarterly e-commerce data so that’s exciting and Jason I’m excited to learn from you because this data always is super confusing to me. And in fact there’s been a lot of, you know some people have said online that this data proves that we’re not seeing this 10-year acceleration and oh my God the economy is doing terrible or we’re in a V shape so everyone’s kind of. Able to look at this data and draw wacky conclusions. Well it’s start with a primer I know you kind of have a really good grasp of this data and I just kind of see it scroll by so. Primer asan this or a segment I like to call Jason explains the US Census Data so that even Scott can understand it. Jason: [1:48] Oh God I didn’t realize the bar was that high. Scot: [1:51] It is US Census Data for dummies I’ll go ahead and put that out there and I’m the dumb. Jason: [1:56] All right I accept the challenge. If you can’t understand it for the record the US Census Bureau is probably doing something wrong which could be the case but yeah so to me. This is a really exciting data set and ever it comes out monthly or much of it comes out monthly and I am always eagerly anticipating it. But then right after it comes out I’m always disappointed because everyone on Earth quotes it. And it’s so easy to misunderstand and misquote and people aren’t careful about how they attribute what the reporting that per your point every month you see you like. [2:33] Two people alleging they’re using the same data and coming up with wildly different conclusions so, in a nutshell the US Census Bureau does a monthly survey of retailers and they asked those retailers to report their sales and. [2:52] Legal obligation to comply with a portion of the census and I may have this wrong but I want to say. They’re legally obligated to report their sales on a quarterly basis to the US Census Bureau and then the US Census Bureau. Asks them to report a subset of their sales on a monthly basis which is voluntary. An