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Tailwinds And Headwinds In Retail

Tailwinds And Headwinds In Retail

May 18, 2021 at 04:00PM
by PYMNTS

Secondhand furniture marketplace Kaiyo recently announced that it had landed an investment to power its expansion, as consumer demand for eCommerce, resale and the circular economy soars. In regulation, the Federal Trade Commission (FTC) is casting doubt over 7-Eleven’s acquisition of Speedway stores. And in dining, eateries are still adapting to the digital-first paradigm brought on by the pandemic, with online orders from sit-down restaurants surging since the pandemic began. All this, Today in Data.

Data:

$390B: Walmart’s approximate market cap as of May 17.

133.9%: Increase in Chipotle’s digital sales during Q1 of 2021.

77%: Share of individuals who will maintain their new mobile ordering habits for food after the pandemic.

$5M: Amount that secondhand furniture marketplace Kaiyo has raised to fuel its expansion.

3.8K: Number of Speedway stores and gas stations 7-Eleven purchased in a deal.