Today In Data

Signs Of Recovery In Retail Sectors Amid The Pandemic

Signs Of Recovery In Retail Amid The Pandemic

The department store sector had mixed news last week, with Dillard’s displaying signs of recovery and a new report showing a reversal of some of the positive trends that had led to a measured optimistic outlook. And the luxury merchandise and clothing business appears to be set for a comeback, partly fueled by the consumer shift to Digital 3.0. The evidence can be seen in Farfetch’s earnings and a Bank of America report. All this, Today in Data.

Data:

$651M: Farfetch’s digital platform gross merchandise value in Q2 (an all-time high).

560: Number of Dillard’s stores, which are located mainly in the Southeast.

$265.8M: Dillard’s operating expenses for the 13 weeks ending Aug. 1.

90%: Share of its retail square footage that Dillard’s owns.

34%: Q2 growth rate of Farfetch’s digital platform YOY.

TRENDING RIGHT NOW