Best Buy recently revealed plans to grow its product offerings into the travel and outdoor living categories. In eCommerce, Amazon is asking social media firms and consumer protection watchdogs to do more to safeguard unwitting buyers and well-intentioned sellers from an increasing spate of fraudulent activity. And in dining, more consumers than ever are harnessing restaurant loyalty programs, but many do not use them because they do not have access to them. All this, Today in Data.
300: Minimum number of groups Amazon reported to social media companies in Q1 of 2020.
61M: Number of consumers who do not use restaurant loyalty programs due to lack of access.
47%: Share of restaurant customers who are signed up for loyalty programs.
37.2%: Best Buy’s increase in comparable sales for Q1.
$1.722T: Amazon’s approximate market value as of June 16.