Freight carriers are seeing the impact, as the number of big and bulky shipments declines and retail customers continue to pare inventories and push back restocking.
While inflation accounted for much of the rise in holiday spending, the data shows a steady uptick in transactions, with many consumers buying goods and services via mobile devices.
The Bentonville, Arkansas-based company is also offering Walmart Business+, a corporate counterpart to its Walmart+ membership program for individual consumers.