High-end athleisure apparel company lululemon athletica inc. said it is aiming to grow its inventory and leverage more air freight to avoid port delays. In U.S. retail, Walmart narrowed down its roster of potential suppliers who will pitch executives in hopes of getting their made-in-America products on the retailer’s shelves. And in digital banking, financial institutions and FinTechs are teaming with increasing frequency to improve open banking’s availability and reach. All this, Today in Data.
Data:
$350B: Additional amount Walmart committed to spend on items made, grown or assembled in the USA.
47%: Share of millennials who claim they are not using real-time payment methods at all.
30%: Share of consumers who consider access to real-time payments a key factor when choosing new FIs.
17%: Increase in lululemon’s inventory between the first quarter of 2020 and the first quarter of 2021.
$1.2B: lululemon’s net revenue for the first quarter of 2021.
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