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Cargo volume in major retail ports in the United States are expected to increase 3.3 percent this month over the same time last year. The increase is part of retailers' preparation for the holiday season, according to a monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
As many as 81 percent of shoppers report suffering from an unavailable product at a brick-and-mortar store in the past 12 months. This results in 55 percent of disappointed shoppers becoming lost sales, according to a GT Nexus study.
Target launched a new innovation initiative dubbed LA25 in 25 Los Angeles-area locations. The stores will test roughly 50 of the retailer's newest programs, some seen in other stores and some entirely new to the market.
Walgreens Boots Alliance has partnered with Postmates to offer customers same-day delivery. The on-demand service will be available at 600 Walgreens, or its Duane Reade banners in New York, for a flat fee of $4.99.