Peloton’s treadmill injury reporting leads to a DOJ subpoena. Plus, Gap has acquired the virtual try-on company Drapr, and we have all the latest news from Amazon and Walmart. Data: 9.2%: Share of consumer retail spending on Amazon last year, up from 3.9% in 2016....
Retailers understand that they need an omnichannel approach to succeed. Plus, Ulta plays offense as eager shoppers return to stores, and Perch adds Web Deals Direct to expand its capabilities. Data: 20%: Increase in Ulta’s foot traffic in 2021 vs. 2019. 59%: Share of shoppers...
Warby Parker aims for D2C eye care. Plus, Nordstrom prepares for a variety of scenarios during pandemic uncertainty, and the “boring” home fragrances market needs an overhaul. Data: 30%: Growth in home fragrances sector in recent years. 8%: Share of glasses sold online in $140B...
Macy’s could be kicking off a digital revolution with a Toys R Us partnership. Plus, Walmart is increasing its delivery capabilities, and American Express says merchants must offer their consumers flexibility in their digital payment options. Data: 70%: Share of the U.S. population within Walmart’s...
Target and Disney are poised to expand their partnership. Plus, Francesca’s CEO ditches the playbook in the new retail landscape, and legacy brands are pivoting to eCommerce. Data: 72%: Share of millennials making more online purchases than in March 2020. 160+: Number of Target stores...
Engaged couples want experiences more than any other gift. Plus, shoppers are already thinking about the holiday season as they do back-to-school shopping, and we’ve got all the latest news from Amazon and Walmart. Data: 54%: Share of U.S. adult consumers who live paycheck to...
Lowe’s and Home Depot are both pushing to add more professionals to their customer base. Plus, Amazon is reportedly working on a department store rollout, and new luxury brands expect the pandemic to help them grow even after the outbreak subsides. Data: 30K: Square footage...
Retailers are working to update schedules rife with labor inefficiency. Plus, Target consumers helped the retailer continue its growth during the COVID-19 pandemic, and ACI says that retailers have a “goldmine of data” on consumer preferences. Data: $6.6B: Target’s total sales growth in the last...
Walmart’s omnichannel approach gives consumers more confidence during the Delta variant surge. Plus, conflicting factors lead to a 1.1 percent drop in U.S. retail sales in July after a brief recovery, and global supply chain issues could linger for 18 months. Data: 1.1%: Decline in...
