Retail Roundup—Walmart nabs 22% of grocery, Best Buy grows BOPIS

BOPIS Walmart
Grocery is an $800 billion market.

Walmart nabs 22% of grocery market

Walmart’s share of the traditional grocery industry is rising, reaching 21.5% in the latest quarter. The big-box retailer beat out same-store sales at U.S. supermarkets by 2.9%. (CNBC)

One-third of Best Buy’s online sales click-and-collect

Best Buy is luring consumers into stores to make larger purchases by pushing its click-and-collect program. As many customers don’t trust the shipment of large electronic items such as televisions, the retailer is able to get them to buy online and pick up in store. Most items can be ready within 30 minutes, and many stores set aside special parking for pickup. (MarketWatch)

Sears’ cuts paying off, makes profit

Sears posted the first quarterly profit in more than two years thanks to cuts in operational costs and the selling off of its Craftsman brand. Sales, however, have continued to decline as the retailer struggles to turn its business around. (Reuters)

Dollar Tree comp sales rise 2.5%

Same-store sales for the Dollar Tree banner were up 2.5% but down 1.2% for the newly acquired Family Dollar banner. Gross profit increased 4.7% to $1.63 billion. (BusinessWire)

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