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Emerging Developments In Retail And Loyalty

Emerging Developments In Retail And Loyalty

May 28, 2021 at 04:00PM
by PYMNTS

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.

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.