Best Buy’s earnings showed the positive impact of the stay-at-home economy, with the electronics retailer reporting rising sales in its most recent quarter. In retail trends, discounters and off-price retailers such as Burlington Coat Factory are facing a future without stimulus checks. And in retail rewards, many consumers would like to see banks operate loyalty programs for their local businesses. All this, Today in Data.
277M: Number of consumers in Australia, Brazil, the U.K. and the U.S. who want local loyalty programs.
100: Number of new stores Burlington Coat Factory is planning to open.
45%: Share of consumers in Australia, Brazil, the U.K. and the U.S. who say it is critical to shop from local merchants.
$10.8B: Best Buy’s domestic sales for Q1 (up 37 percent year over year).
$2.23: Best Buy’s non-GAAP diluted earnings per share (EPS) for Q1.