Emerging Strategies For Retail And Digital Banking

Torrid is seizing the direct-to-consumer (D2C) movement to capture increasing demand for plus-size apparel. In retail staffing, Apple intends to test a hybrid in-store and work-from-home arrangement for its retail employees later this year. And in digital banking, financial institutions (FIs), FinTechs and retailers are looking for technologies that might help them engage and retain consumers’ loyalty. All this, Today in Data.

Data:

67K: Number of jobs the retail trade added in June, as per the U.S. Bureau of Labor Statistics.

38%: Share of digital banking users who state user experience is their top priority when choosing banks.

$21: Initial offering price for Torrid’s stock, which jumped on its first day of trading.

7.8: Number of purchases the average omnichannel customer made in 2020.

3.2M: Sum of Torrid’s active customer base in 2020.