Verifying new customers’ identities remains the biggest challenge for businesses. Plus, Costco looking to stand out from the crowd with its unusual product mix, and all the latest news from Amazon and Walmart.
Data
12.6%: Increase in Costco digital sales in fiscal 2022 Q2
$4B: Revenue Costco generates from annual membership fees
50: Number of models in Walmart’s Choose My Model platform
24: Number of Amazon bookstores closing along with 33 4-Star locations and nine pop-up kiosks
16%: Share of businesses that say verifying new customers’ identities is their most important challenge
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