In today’s top retail news, retail sales grew for the third month in a row in October, while Walmart says its omnichannel approach and infrastructure investments have prepared it to meet customer demand this holiday season. Also, Chase has partnered with delivery platform Gopuff to offer rewards to consumers, and an increasing number of people are considering gifting refurbished items amid supply shortages.
U.S. retail and food services sales escalated last month to $638.2 billion, up 1.7% over the previous month and beating economists’ forecasts, according to data released by the Commerce Department. October marks the third month in a row retail that sales have increased.
Walmart said its omnichannel approach and investments in technology in recent years have set the retailer up to meet shoppers’ needs this holiday season, with approximately 50,000 new supply chain employees added in the third quarter to keep things moving in the coming weeks. Doug McMillon, president and CEO of Walmart Inc., said gains in grocery and strong back-to-school sales results indicate that customers are continuing to move away from early pandemic behaviors, providing tailwinds for the retailer.
Chase has launched a partnership with the fast delivery startup Gopuff, giving customers a chance to earn credits with each purchase made through the delivery platform. The program is open to Gopuff users who use a Chase credit card as their default payment, and lets them receive an automatic $10...
Read Full Story: https://www.pymnts.com/news/retail/2021/today-in-retail-october-retail-sales-up-1-7-pct/
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