PYMNTS-MonitorEdge-May-2024

Retail Slump, Walmart, Supply Chain Struggles

Retail Store Closures

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 U.S. retail sales in July 2021.

56%: Share of Walmart sales that goes to groceries.

13.3%: Increase in U.S. core retail sales — excluding food, cars and fuel — since July 2020.

53.9M: Number of Walmart+ subscribers as of June 2021.

350+: Number of container ships waiting off ports during global supply chain struggles.

PYMNTS-MonitorEdge-May-2024