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Added on the 21/12/2016 13:52:50 - Copyright : Wochit
Walmart has been one of the few companies to do well in the pandemic. Digital sales have nearly doubled from a year ago, and same-store sales have increased 9%. But according to Business Insider, even Walmart CEO Doug McMillon knows that with such widespread unemployment, its a streak of luck can't last forever. Business Insider reports McMillon said on CNBC's 'Squawk Box' on Thursday that Congress needs to pass a second stimulus package--and do it quickly. Since passing the $2.2 trillion CARES Act in March, Congress has done nothing meaningful towards passing a second stimulus package. There are Americans...that don't really care about politics, aren't really tied up in this election and they just need some help. Doug McMillon, Walmart CEO Interview, CNBC's 'Squawk Box'
2020 has been turned upside due to the global pandemic economic uncertainty. Business Insider reports that this holiday season is shaping up to be very different for e-commerce brands. According to data from daVinci Payments, 71% of US consumers plan to do more than half their holiday shopping online this year. Salesforce data showed a similar shift in shopping preferences. 47% of US adults saying they are more interested in shopping online this holiday season than last year.
A new survey reveals nearly 2 in 5 Americans, or 37%, plan on cutting their Black Friday shopping budget this year. According to Business Insider, that's bound to hit major retailers--even Target, who has shifted its Black Friday sales exclusively to its online platform. Business Insider reports just 28% of those surveyed said they will shop the same as they did last year. With a nod to cognitive dissonance, the survey also revealed that more than 1 out of 2 Americans, or 52%, remain excited about shopping the day after Thanksgiving. But as the pandemic endlessly grinds on, 49% of consumers surveyed said they intend to conduct their shopping online.
UPS has told drivers to stop picking up packages from some large retailers during the holiday season. Business Insider reports the move is just temporary. This year is expected to be busier than usual for carries. More retailers are relying on online orders for holiday shopping. UPS has told drivers to stop picking up packages from some large retailers as the holiday shipping season picks up. "UPS continues to work closely with our largest customers to steer volume to capacity and ensure the UPS network is reliable for all customers," the company said in a statement to Business Insider.
The pandemic has changed how retailers operate on Black Friday. According to CNN Business, over 50% of customers feel anxious about being in brick and mortar location during the holiday. They anticipate doing 64% of their shopping online. Experts say that amping up online shopping could signal a more permanent shift in how Black Friday sales are done in the future. This includes: -Duration: Black Friday deals usually start the day after Thanksgiving in-stores. Now they start online in October. -More ways to pickup: Curbside pickup is booming in 2020, and it's estimated that it will increase during the holiday shopping season. -More free shipping: With online shopping becoming the norm, free shipping is becoming standard.
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