Today in Data: NFT and Omnichannel Rule Auction Houses; Opening New Retail Doors

Retailers are exploring new ways to join forces, and closed stores are creating new opportunities across the retail landscape. Plus, omnichannel approaches and nonfungible tokens (NFTs) were the big winners at auction houses in 2021.

Data:

5M: Amount Target paid to open new store in former Kmart location in Lebanon, Pa.

100: Number of Forever 21 store-in-store locations JCPenney will open

7B: Amount Sotheby’s sold this year in luxury items

65M; 100M: Amount paid for nonfungible tokens (NFTs) on Sotheby’s and Christie’s auctions, respectively

3M: Amount earned daily by iPhone game Roblox