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Walmart has launched a suite of new financial wellness services for more than 1.4 million of its associates in the U. The offering was created in collaboration with financial technology companies Even and Pay Activ.
The service will help employees automatically plan ahead for bills and savings goals, eliminating the need to figure out how much money is okay to spend.
Walmart says this will provide greater flexibility and help employees avoid overdrafts, high-fee funding, or credit options.
Excluding sales at motor vehicle and parts dealers, retail sales increased 0.8 per cent, says Statistics Canada.
Sales were up in seven of 11 subsectors, representing 79 per cent of retail trade.
The study shows that consumers like the physical retail store experience because it offers instant gratification with the ability to browse, compare prices, read flyers, touch product, and purchase.
Yet, online shopping is gaining ground, particularly with younger shoppers.