This Week In Retail: Earnings, Industry Shifts And Launches

This week in retail, we’ve seen a myriad of movement from nearly all sides. We’ve seen earnings surge, earnings dive down, launches and a significant change in the way grocery stores are operating.

In the earnings arena, Under Armour and Blue Apron sales are taking a dive down, which is resulting in both companies looking to trim the fat to help revitalize business. On the other end of the spectrum, Green Dot and Flywire are seeing a positive direction. While Green Dot beat analysts’ expectations, Flywire is expanding significantly.

Launches happening this week are focused in the mobile industry. Apple, Samsung and Verizon are launching new mobile devices and features to help take advantage of the significant portion of consumers utilizing smartphones.

The grocery industry is seeing a slight shift in the way that people shop, and the numbers are showing it this week. While very few consumers are shopping online for their food items, most are opting for home delivery.

Here are the numbers:

36 percent and 35 percent | Amount Under Armour and Blue Apron’s stocks slid down this week

$222.5 million | Green Dot’s Q2 earnings, beating out the $208.6 million analysts estimated

90 | Number of Japanese schools into which Flywire is expanding

44 percent | Amount of the world’s population that owns a smartphone

83 percent | Amount of U.S. adults shopping at brick-and-mortar grocery stores once per week