Retail

Retail is the process of selling consumer goods or services to customers through multiple channels of distribution to earn a profit. Retailers satisfy demand identified through a supply chain.

Source: en.wikipedia.org

Macy’s and Zara’s Moves Show Value of Click-and-Mortar™ Shoppers 
Macy’s and Zara’s Moves Show Value of Click-and-Mortar™ Shoppers 
March 05, 2024  |  Retail

Two reports from opposite sides of the globe confirmed that in-store and online shopping are intertwined at their best, and retailers need to offer seamless...

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ThredUp Uses AI to Take the Guesswork Out of Secondhand Shopping
ThredUp Uses AI to Take the Guesswork Out of Secondhand Shopping
March 05, 2024  |  Earnings

While thrifting has typically demanded consumers be open to some degree of randomness and discovery, ThredUp is using artificial intelligence search capabilities to improve the relevance and...

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Retail Payments Acceptance Presents Innovation Roadblocks
Retail Payments Acceptance Presents Innovation Roadblocks
March 05, 2024  |  Payments Innovation

Among the many payment acceptance tools now available, embedded solutions provided by a variety of payment facilitators (PayFacs) have become increasingly popular among marketplaces and...

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Razor Group Acquires Perch, Consolidating Two Online Brand Aggregators
Razor Group Acquires Perch, Consolidating Two Online Brand Aggregators
March 04, 2024  |  Acquisitions

Razor Group has acquired Perch in a deal that consolidates two online brand aggregators. Following this acquisition, Razor Group now operates a catalog of 40,000 products...

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Macy’s Future Hangs in the Balance as Department Stores Face Reckoning
Macy’s Future Hangs in the Balance as Department Stores Face Reckoning
March 04, 2024  |  Retail

With the rise of eCommerce having transformed the way consumers engage with brick-and-mortar retail, traditional department store chains such as Macy’s are forced to adapt...

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Wonder Hopes Walmart Can Turn Grocery Shoppers Into Connected Diners
Wonder Hopes Walmart Can Turn Grocery Shoppers Into Connected Diners
March 04, 2024  |  Connected Economy

As consumers increasingly view their food habits not in disparate segments — grocery, restaurant, meal kit — but as one connected “eats” category, Wonder is...

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CPG Marketing Embraces New Business Models for Digital Transformation
CPG Marketing Embraces New Business Models for Digital Transformation
March 04, 2024  |  artificial intelligence

The tidal wave of artificial intelligence (AI) that has hit the payments, commerce and financial services industries has created the need for a new definition....

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Report: Craft Retailer Joann Considers Bankruptcy Filing
Report: Craft Retailer Joann Considers Bankruptcy Filing
March 03, 2024  |  Retail

Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would...

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Nearly Half of Gen Z Installment Plan Users Leverage These for Groceries
Nearly Half of Gen Z Installment Plan Users Leverage These for Groceries
March 03, 2024  |  Retail

Among consumers who pay in installments, PYMNTS Intelligence finds, young shoppers are disproportionately ready to use these options to pay for their groceries. By the...

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