Today in Data: Defining Digital Transformation in 2022, Bracing for Retail Returns, Designer Partnerships in Style

Retailers are caught flat-footed for what’s expected to be a record return season. Plus, a collaboration between Yeezy, Gap and Balenciaga bodes well for retail-designer partnerships, and Karen Webster shares her thoughts on 10 things that will define digital transformation in 2022.

Data

$1B; 10: Amount and length in years, respectively, of the collaboration between Gap and Kanye West

4,000: Number of Gap stores

30%: Share of consumers who are shopping more online for retail products

74%: Portion of consumers ordering more takeout from restaurants for delivery at home

11%: Increase in people buying online in 2021 compared to 2020