Today in Data: Retail’s Two-Way Street, Crocs-Hey Dude Tie-Up Adds Innovation and Omnichannel Retail Elusive

Omnichannel retail remains more of a vision for the future than a reality for today. Plus, why retail’s consumer experience is and always will be a two-way street and Crocs’ acquisition of Hey Dude brings innovation to the shoe market.

Data

$2.5B: Amount Crocs paid for Italian casual shoemaker Hey Dude

$625: Cost of heeled Crocs Balenciaga shoe on Bloomingdale’s website

100: Number of times most members interact with their credit union

25%: Share of consumers who abandon online transactions because they take too long

70%: Increase in processing, data and transaction volume speed of 5G compared to 4G networks