Digital And Brand Innovation Fuels Changes In Retail

Bed Bath & Beyond

Bed Bath & Beyond Inc. is launching the first of multiple private-label brands, while Deliveroo is aiming to raise funds in its initial public offering (IPO) this month. In consumer behavior, the pandemic has shifted the experience-centric consumer’s focus to who and what made it easy for them to purchase what they needed while quarantined at home. And in merchant innovation, small to mid-sized businesses (SMBs) will have to redouble their efforts to improve digital services if they want to stay relevant. All this, Today in Data.

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    Data:

    115K: Minimum number of restaurants and retailers Deliveroo has in its network.

    63%: Share of SMBs that are primarily brick-and-mortar stores in the U.S.

    58%: Portion of consumers who said in Feb. that fear of getting the virus kept them from shopping in stores.

    12: Number of countries in Europe, Asia and the Middle East where Deliveroo does business.

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    8: Number of new private-label brands Bed Bath & Beyond Inc. plans to launch.