Online sales

Walmart and Target among retailers spending billions to catch Amazon

As Amazon continues to dominate e-commerce, major retailers are stepping up their investments hoping to benefit from shifting consumer demands. E-commerce sales topped $790 billion in 2020, according to IBM’s U.S. Retail Index, and with them expected to continue to grow, more retailers are shifting more of their resources to hold onto the customers they gained in 2020, and hopefully land a few more.

Walmart (NYSE: WMT), Target (NYSE: TGT), Best Buy (NYSE: BBY) and Disney (NYSE: DIS) – already...

https://www.freightwaves.com/news/walmart-and-target-among-retailers-spending-billions-to-catch-amazon

Can $14 billion get Walmart to e-commerce profitability?

This is an excerpt from Monday’s (2/22) Point of Sale retail supply chain newsletter sponsored by ArcBest.

Walmart (NYSE: WMT) reported Q4 earnings last week that fell short of Wall Street’s expectations, despite posting same-store sales growth of 8.6%. That’s a huge handle for a company Walmart’s size and is by far the highest growth among comparable stores in the past 10 years, more than double the next closest growth rate of 3.7% in 2019. 

But Walmart’s stock sold off hard after earnings were...

https://www.freightwaves.com/news/can-$14-billion-get-walmart-to-e-commerce-profitability?

Retail sector’s holiday winners and losers

Americans being stuck at home or out of work this holiday season did not hamper holiday retails sales, according to data compiled by Mastercard SpendingPulse, which tracks overall retail spending across all payment types.

Preliminary data from SpendingPulse found that holiday retail sales, excluding automotive and gasoline, rose 3% this year compared to 2019. Online sales grew 49% year-over-year.

“American consumers turned the holiday season on its head, redefining ‘home for the holidays’ in a...

https://www.freightwaves.com/news/retail-sectors-holiday-winners-and-losers

+ More