Dillard’s surprised the department store industry by posting a profit as it rode cost controls and inventory management. In eCommerce, Walmart’s ability to keep capturing the digital shift and expand in the digital-first economy will be a key trend to watch for in its coming earnings report. And in technology, digital identity offerings have become more widespread in recent years to serve as alternatives or as a supplement to old-fashioned authentication methods. All this, Today in Data.
74%: Share by which Walmart’s U.S. eCommerce sales increased year over year in the first quarter.
49%: Share of North American banks that leverage digital verification methods for onboarding.
$31.9M: Net income that Dillard’s posted for Q3.
$17.37B: Amount that brands are projected to spend on advertising on eCommerce sites and apps this year.
6.2B: Minimum number of digital ID apps expected to be in use by 2025.
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