Weekly News Roundup: Sales Boom, Fierce Competition, Zombie Retailers

Weekly News Roundup

Here's what our team is reading this week... 

Sales Boom
An indication of consumer confidence in the U.S. economy, January 2017 retail sales rose more than expected — with online retail remaining strong and on-par with its December 2016 performance (Fox Business, Bloomberg)

Fierce Competition
Walmart will streamline online and in-store buying processes to be more efficient and competitive against Amazon (Reuters). Estimates say between 65-70 million people worldwide subscribe to Amazon Prime (RetailDive).

Zombie Retailers
The Wall Street Journal reports on the roster of retailers living on borrowed time. Shifting consumer preferences to online shopping poses problems for retailers averse to investing in digital (MarketWatch, CNBC). 

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Topics: Trends