The business outlooks provided by Best Buy and Wayfair suggest the fading of the COVID nesting trend. In off-price retail, TJX Corporation awaits the return of the revenge shopper at a time when some of its locations in Canada and Europe remain closed due to pandemic restrictions. And in payment methods, consumers are turning to buy now, pay later (BNPL) payment methods for their entertainment-related purchases. All this, Today in Data.
Data:
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38%: Share of millennials who have not used BNPL solutions within the past year, but would be interested in linking such solutions to digital wallets.
29%: Portion of BNPL shoppers who use the payment option to buy books.
15%: Approximate share of TJX Corporation’s retail stores in Europe and Canada that are currently still closed.
4.5K: Approximate number of stores that TJX Companies operated as of Jan. 30, 2021. *
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$3.67B: Wayfair’s fourth-quarter revenues, which were a bit under analysts’ expectations.
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