The global retail industry experienced a 60% drop in company filings mentions of omnichannel in Q2 2023 compared with the previous quarter, with the highest share accounted for by Walmart with 120% year-on-year increase, according to GlobalData’s analysis of over 205 retail company filings. GlobalData’s Top Retail Themes in 2023 thematic intelligence report explains the impact of top themes on the retail sector, highlights trends and opportunities, and gives key considerations for each theme for brands and manufacturers. Buy the report here.
Notably, omnichannel was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of mobile and energy transition, according to GlobalData.
Of the top leading companies in the retail industry, Walmart had the greatest increase in references for omnichannel in Q2 2023, compared with the previous quarter. GlobalData identified 11 omnichannel-related sentences in the company's filings - 0.8% of all sentences - and an increase of 120% in Q2 2023 compared with Q2 2022. JD’s mentions of omnichannel dropped by 47% to 10 and Lowe's’s by 167% to 8 and Koninklijke Ahold Delhaize’s by 50% to 7 and Best Buy’s by 200% to 6.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for omnichannel in Q2 2023 was 100.
For further understanding of GlobalData's Top Retail Themes in 2023 – Thematic Intelligence buy the report here.