eBay 2020 US Sales Grow 22%, 1-800-Flowers Ecommerce Sales Bloom Nearly 60% and Amazon CEO Jeff Bezos to Step Down
EBay 2020 US Sales Grow 22%
EBay Inc. last year added 11 million new customers - buyers who contributed to the highest annual sales growth for the online marketplace since at least 2013. The gross value of goods sold on eBay’s U.S. marketplace grew 22.1% to $37.53 billion in 2020 from $30.74 billion the year prior. Due to COVID-19, many consumers turned to online shopping to avoid stores, and this helped eBay turn its growth trajectory around. In 2019, U.S. GMV plunged 18.1% year over year. Global gross merchandise volume, which includes its U.S. and international marketplaces, reached $100.0 billion in 2020, up 16.9% from $85.51 billion in 2019. The $14.5 billion incremental GMV eBay added last year was more than the marketplace’s GMV growth in the previous seven years combined.
What stood out to us? Time to sell that old ski jacket.
1-800-Flowers Ecommerce Sales Bloom Nearly 60%
1-800-Flowers.com Inc. is blossoming as it heads into one of its busiest times of the year: Valentine’s Day. The flowers and gifts retailer reported massive ecommerce growth of 59.7% for its fiscal second quarter 2021, ended Dec. 7, 2020. That figure includes revenue from PersonalizationMall.com, which it acquired in August 2020. Excluding PersonalizationMall.com, the retailer’s ecommerce growth was still a big uptick at 34.6% growth for the fiscal second quarter. The total revenue for the quarter increased 44.8% to $877.3 million, up from $605.6 million in the prior-year period. The retailer says it credits its growth in ecommerce to the shift in consumers shopping more online and wanting more ways to connect with friends and family amid the pandemic. “Our strong ecommerce growth, combined with excellent operational execution, enabled us to drive record… results, despite the significant headwinds that we faced in the year-end holiday period, including with the increased labor and product shipping costs as well as operating inefficiencies related to the ongoing pandemic,” said CEO Chris McCann in an earnings call transcribed by SeekingAlpha.
What stood out to us? Sales are growing like weeds. (Off brand humor)
Amazon CEO Jeff Bezos to Step Down
Amazon.com Inc. announced today its founder and CEO Jeff Bezos will step down as CEO in Q3 2021 and transition to executive chairman of the board. Andy Jassy, current CEO of cloud computing unit Amazon Web Services, will take over as Amazon’s new CEO. Under Bezos, Amazon grew from a bookseller to the largest U.S. online retailer, generating $386.06 billion in 2020 and boasting a net income of $21.33 billion. Amazon’s online retail sales, which includes revenue it generates from its own inventory sold online in addition to commissions and fees it collects from marketplace sellers and from subscriptions it offers to consumers, like its Amazon Prime membership, totaled $302.99 billion in 2020. These figures exclude its sales from Amazon Web Services. Amazon’s retail sales alone represented a third—33.7%—of all U.S. ecommerce sales growth in 2020, according to Digital Commerce 360 estimates.
What stood out to us? Rumor has it that he was about to get fired anyway. JK.
Before you go
Digital marketing trends beginning to recover amid coronavirus pandemic in Q4.
Online holiday returns increase 41% year over year.
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