Transformations In Digital And Brick-And-Mortar Retail

Office Depot parent The ODP Corporation is splitting its B2B unit from its chain of brick-and-mortar stores. In retail, floral delivery upstart UrbanStems just closed a round of funding and is on pace to see its busiest week ever due to a surge of Mother’s Day orders. And in dining, eateries stepped up their off-premises ordering and payment offerings to satisfy customer demands amid the pandemic – and it appears that these changes are here to stay. All this, Today in Data.

Data:

2014: The year that UrbanStems launched (on Valentine’s Day).

44%: Portion of married parents who would spend more on food orders if they could pay online.

$20M: Amount of funding that UrbanStems recently closed.

$2.5B: Approximate market cap of The ODP Corporation.

$1B: Reported sales for ODP’s retail division in Q1 of 2021.