PYMNTS-MonitorEdge-May-2024

Bright Spots In Digital Commerce 

Manifesting Retail’s Week Of Revolution

Nike remains bullish on the expansion of its digital and direct-to-consumer (D2C) business. In automotive, CarMax posted record financial results amid the firm’s push to grow its digital presence, during a supply chain shortage that is leading purchasers into the secondhand vehicle market. And in commerce, the past year has been a boon for digital businesses, particularly marketplaces and aggregators. All this, Today in Data.

Data:

452K: Number of units CarMax sold through its retail and wholesale channels.

300M: Minimum number of customers in Nike’s membership program.

$240B: Nike’s approximate market cap as of June 25.

27%: Share of consumers who are purchasing groceries for curbside pickup more often than before March 2020.

$7.7B: Revenue CarMax posted for the three months ending May 31.

PYMNTS-MonitorEdge-May-2024