Today in Data customers are spending less, and prices are going up across the retail supply chain. Plus, relationship commerce is changing the face of retail, and all the latest news from Amazon and Walmart.
Data
350: Number of miles between Wichita, Kansas, and Fort Worth, Texas, which is one of Amazon Air’s routes
320: Number of Walmart stores in California, all of which will sell Plenty produce later this year
5.8%: Jump in personal consumption expenditures in December 2021
7%: Approximate average price increase Levi’s has passed on to customers
$1T: Projected value of recurring revenue and relationship commerce in 10 years