Target, one of the clear retail winners in the pandemic era, posted another impressive quarter, with Q4 revenue, earnings and comparable sales outpacing projections and its omnichannel strategy firing on all cylinders as it reported a $9 billion gain in market share based on internal and market research.
In a move surprising no one except for the timing, Walmart announced it’s dropping the $35 minimum order threshold for shoppers to qualify for same-day delivery with its Walmart Express service, just months after doing the same for members of its Walmart+ subscription program. Walmart’s ecommerce growth “fell” to 69% in Q4.
In the era of ecommerce explosion, the lines between purchases are getting blurred internally. With stores closed or operating at limited capacity, many are now using them to fulfill ecommerce orders. All of this has sales tax consequences. This MCM report addresses the impact of the shifting retail landscape on sales tax considerations.
As consumer dollars keep shifting online generally in the pandemic, e-grocery in the U.S. continues to explode, hitting a high of $9.3 billion in January, up 15% from November, according to a survey conducted by Mercatus/Brick Meet Click. Home delivery and store/curbside pickup represented 77% of the total.
Walgreens is launching same-day delivery with partner Instacart, starting in Illinois and rolling out to its 8,000 stores nationwide by the spring, beginning with express stops in Southeast Florida, Dallas, Atlanta, Washington D.C. and New York. Through the partnership, tens of thousands of items can arrive in as little as an hour.
Locus Robotics, a provider of autonomous mobile robots (AMR) for fulfillment warehouses, has raised $150 million in a Series E round, led by Tiger Global Management and Bond, bringing its valuation to the unicorn level north of $1 billion as its business multiplies. The company is looking to expand in Europe and enter APAC in 2022.
First it was AI-equipped onboard cameras watching Amazon’s contract drivers along their routes. Now an app called Mentor monitors driver performance, which can interpret legitimate activities as risky ones, resulting in lower scores and sometimes termination. The company has reportedly been using Mentor for years.