Episode 254 is a breakdown of Walmart and Shopify Q4 2020 earnings reports, a recap of 2020 sales data from the US Dept Commerce, and Amazon News. 2020 Sales Data US Dept of Commerce released it’s retail data for December, which gives us a full picture of 2020, as well as the Q4 e-commerce data. Retail sales in 2020 were $5.6T, representing 27% of the U.S. GDP Retail as a whole experienced healthy growth of 3.4% versus 3.5% in 2019 E-commerce grew 32% to $792B in sales, vs 15% growth in 2019 E-commerce was 14% of all retail sales (vs 11% in 2019) Jason wrote a detailed recap of 2020 in Forbes: 2020: Not Quite Retail Apocalypse, But Great For E-Commerce Walmart Earnings US Q4 comp sales grew 8.6% eCommerce sales grew 69% FY revenue was $559.2 billion, comp sales increased 8.6%, E-Commerce sales grew 79% Shopify Earnings Fourth-Quarter Revenue Grows 94% on GMV Growth of 99% Full-Year 2020 Revenue Grows 86% on GMV Growth of 96% FY Subscription Solutions revenue grew 41% to $908.8 million,  FY Merchant Solutions revenue grew 116% to $2B Shopify Expands Its Checkout System to Facebook and Instagram Amazon news: Amazon acquires Seltz, a Shopify competitor Episode 254 of the Jason & Scot show was recorded live on Thursday, February 19th, 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. https://retailgeek.com Transcript Jason: [0:24] Welcome to the Jason and Scott show this is episode 254 being recorded on Thursday February 18th 2021 I’m your host Jason retailgeek Goldberg and as usual I’m here with your co-host Scott Wingo. Scot: [0:40] Hey Jason and welcome back Jason Scott sir listeners will Jason today is a big day for science nerds we saw the perseverance Rover landed on Mars with an interplanetary helicopter how cool is that. Jason: [0:55] That is the coolest part I was super excited I actually put a note on my calendar and stop working and watch The Landing it’s pretty amazing. Scot: [1:04] Yeah I didn’t watch it how much could you see. Jason: [1:07] Um well they had like a pretty detailed animation for the whole thing like like you you know they don’t have cameras of the Rover in the air but they but they, they show like a 3D animation of it you know as a checks through all these detailed milestones and then pretty quickly after they confirmed it had touchdown you got the first. Actual photo from from the Rover and there was still like dust everywhere from The Landing so it’s. It’s pretty amazing to think that like we can launch shoot a drone 250 million miles away and landed on a planet that’s like yeah. Scot: [1:45] Yes soon elon’s can be landing people there. Jason: [1:48] Yeah yeah I know he’s close on their heels my favorite part though was the news guy like after they did their whole recap he’s like um and I feel compelled to remind people this actually is rocket science. Scot: [2:01] Nice. Jason: [2:04] Yeah yeah so it’s very cool I feel like I remember some of our very first podcast we’re like early in you know as SpaceX was knocking off all these milestones and we were we were talking about those a lot at the beginning of podcasts and. Five years later we’re still doing it. Scot: [2:20] Yeah now every other day they’re shooting off a mission it’s it SpaceX is pretty pretty amazing. Jason: [2:25] Yeah yeah that’s that’s become totally routine I don’t know you watch Westworld right. There’s actually scenes in Westworld we’re like just in the background they have SpaceX Style Rocket so I glanced because it’s so rude to you know they Envision it being so routine this cute. Scot: [2:43] Yeah very cool but even bigger than that I know one of your favorite days of the year is when the US Department data of Commerce data comes out so yesterday I’m sure you were, up and ready and you had all your Tableau and