Q2 GDP will likely be compressed -42%, 40M people are unemployed, second wave of COVID-19 is likely approaching, and yet the stock market is seeing record highs. What drives this and why are we seeing such divergence between the market and the real economy? If you’re a market participant, this question is lingering in your…
All posts tagged Letters
How retail brands are revising their plans due to COVID
The pandemic has pushed many retailers to their heels. It goes to show that operating in a highly constrained environment can bring great ideas to life; there’s a reason why good startups don’t raise too much capital and maintain their agility in a resource constraint environment. McKinsey wrote a great piece on retailers adapting to a…
Q1 state of eCommerce and Amazon
Q1 2020 paved the way for eComm. The latest U.S. Census report shows Q1 eComm was only 11.8% of all retail sales ($160.3B eComm of total $1.36T of all retail sales). Amazon net sales in North America (excluding AWS business) was ~$46B. Amazon earned ~$21.3M per hour in North America. Amazon is ubiquitous and these numbers are…