This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about. From an $775 safety pin to J. Jill’s first chief growth officer, here’s our closeout for the week. What you missed Walmart to transfer stock listing from NYSE to NASDAQ Walmart wil ...

增长放缓 - 2025年第一季度亚马逊和沃尔玛的季度销售增长为疫情以来最弱水平 表明新冠疫情带来的增长动力已结束 需求回归至接近通胀率的温和水平 [1] - 亚马逊同比增长3.7% 沃尔玛增长3.2% 均远低于历史平均水平（亚马逊此前季度增长约10% 沃尔玛约5%）[5][6] - 实际单位销售量基本持平 增长仅与通胀率持平 [8] 消费结构变化 - 消费者支出从商品转向服务、住房和医疗保健 导致两家公司在整体消费支出中的份额下降（亚马逊从3.4%降至3.3% 沃尔玛从2.8%降至2.6%）[12][13] - 零售行业内部份额保持稳定：亚马逊占8.6%（2025Q1）沃尔玛占7.7% [10] - 疫情刺激政策和线上购物红利消退 需求增长乏力 [9] 可支配支出领域竞争 - 沃尔玛在可支配支出份额跃升至6.4%（2025Q1）创两年最佳季度表现 而亚马逊份额从26%（2024Q4）降至23% [14][15] - 价格敏感度提升使沃尔玛在传统由亚马逊主导的高毛利品类获得突破 [16] - 关税政策加剧消费者对价格的关注 可能重塑该领域竞争格局 [17] 战略挑战 - 消费者行为转变对"一站式购物"战略构成挑战 [6][7] - 亚马逊需加强价格竞争力与配送成本控制以维持可支配支出领域优势 [17] - 沃尔玛有机会通过电商投入和价格优势拓展高毛利品类 [16][17]