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AI Replacing Retail Staff, Carter’s Tax Credit Boost And Walmart’s Opening

Carter’s benefits briefly from the child tax credit. Plus, AI could answer the labor shortage problem, and we dive into the latest news from Amazon and Walmart.

Data:

90%: Portion of Americans who live within 10 miles of a Walmart location.

25%: Anticipated share of luxury retail purchases expected to be online by 2025.

100: Number of retail stores Carter’s will close this year.

38%: Portion of Carter’s overall sales made digitally in Q2.

964K: Number of retail job openings in May, up 35% from 2019.

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