New store formats represent a dramatic industry shift for brick-and-mortar operators.
Walmart Pharmacy & Business News
Big-box retailer has donated more than $56 million in response to disaster events in the past decade.
Walmart has opened a 4,000-sq.-ft. format that offers pick-up of online grocery orders and a convenience store that also sells snacks, beverages and more.
This year, a record-breaking 517 businesses earned the CEI’s top score of 100, up from 407 last year.
Read highlights from the 18th DSN Industry Issues Summit, which saw record attendance with about 275 attendees, three panels and a keynote from Fox News’s Tucker Carlson.
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The proliferation of online grocery delivery is a sign of the “Sheep Effect,” according to a retail analyst interviewed on CBS’s Sunday Morning, which aired a segment on the evolution of omnichannel retail.
Walmart noted that e-commerce has contributed 50 basis points to its comparable growth of 1.2%, which is the strongest contribution, yet.
Frustrated watching specialty stores, online merchants and department stores siphon off a market they once controlled more than 50% of, mass marketers are firing back to regain their dominance of the $16 billion U.S. beauty market.