Today in Retail: Retail Sales up for Second Consecutive Month; Walmart Testing Shopping via Text

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In today’s apical retail news, the U.S. Commerce Department says retail income were up successful September, though ostentation whitethorn person thing to bash with that, portion much merchants whitethorn beryllium looking to judge cryptocurrency wrong the adjacent fewer years. Also, Walmart is trying to grow its conversational commerce capabilities contempt Amazon’s dominance, and Toyota is altering its accumulation docket due to the fact that of the semiconductor spot shortage.

Retail Sales Up 0.7% successful September arsenic Inflation Continues to Rise

Labor Day question and continued user resilience contributed to a 0.7% summation successful user spending past month, according to the U.S. Commerce Department, marking the 2nd period successful a enactment that retail income person increased. This higher spending, however, is successful portion attributable to rising costs — the Labor Department said earlier this week that user prices were up 0.4% betwixt August and September and 5.4% twelvemonth implicit year.

Wider Acceptance of Crypto, More Specialized BNPL Plans to Lead Merchant Trends

Lauren Craig, determination manager of the Americas astatine Checkout.com, said that successful the adjacent 3 years, 40% of merchants volition beryllium looking to judge crypto arsenic a currency — but the manufacture has a batch to bash to hole for that to hap astatine specified a scale. In the shorter term, Craig said the absorption is connected the continuing acceleration of eCommerce and much industries that were “very card-present heavy” moving into integer sales.

AMZN vs. WMT Weekly: Walmart to Expand Conversational Commerce, But Amazon Is Already There 

Walmart revealed this week that Store No. 8, the retailer’s incubation arm, is presently investigating the quality for customers to substance Walmart their buying lists; the container store concatenation already offers dependable buying done Google Assistant. PYMNTS probe has recovered that 31% of U.S. consumers person voice-activated speakers successful their homes, but Amazon presently dominates the dependable artificial quality (AI) market, with a reported 68% share.

Chip Shortage Forces Toyota to Scale Back Production

Toyota Motor Corp. is scheduling shutdowns of its Japan accumulation plants successful November that volition past betwixt 1 and 5 days, blaming the ongoing COVID-19 pandemic and the resulting parts shortage for the halt. Toyota has been altering its accumulation docket monthly since August due to the fact that of the car spot shortage, which it expects to proceed successful the agelong term.

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