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)

Consumer Interest in AI Shopping Creates Online Grocery Opportunity
Consumer Interest in AI Shopping Creates Online Grocery Opportunity
October 19, 2023  |  artificial intelligence

With many consumers open to using artificial intelligence (AI) as they shop, grocers and grocery technology providers alike are seizing on the opportunity to boost...

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Samsung Invests in Skipify’s Digital Wallet Expansion
Samsung Invests in Skipify’s Digital Wallet Expansion
October 19, 2023  |  Investments

Frictionless commerce company Skipify says it has landed new funding from Samsung’s investment group. The company says the investment by Samsung Next, announced Thursday (Oct. 19), will let Skipify accelerate the development...

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Macy’s and Claire’s Invest in Turning Virtual Experiences Into Real-World Gains
Macy’s and Claire’s Invest in Turning Virtual Experiences Into Real-World Gains
October 19, 2023  |  Retail

Brands are realizing the significance of crafting captivating digital experiences to engage their customers. The need is self-evident, requiring little persuasion for brands to invest....

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P&G Says 6% Sales Increase Underpins Consumer Spending Resilience Amid Inflation
P&G Says 6% Sales Increase Underpins Consumer Spending Resilience Amid Inflation
October 18, 2023  |  Earnings

Procter & Gamble (P&G), the consumer goods giant known for brands like Tide detergent and Pampers diapers, announced first quarter fiscal year 2024 results on...

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Netflix Wants to School Viewers on Ads Experience to Boost Sign-Ups 
Netflix Wants to School Viewers on Ads Experience to Boost Sign-Ups 
October 18, 2023  |  Streaming

When was the last time you willingly signed up for an ads experience? In times of rising costs and inflation, a more affordable ad-based streaming...

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Nearly 30% of Young Shoppers Issue Ultimatum to Retailers: Offer BNPL or Lose Our Business
Nearly 30% of Young Shoppers Issue Ultimatum to Retailers: Offer BNPL or Lose Our Business
October 18, 2023  |  Buy Now Pay Later

The world of retail payments and lending is undergoing a significant transformation with the rise of buy now, pay later (BNPL) services. As noted in...

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Netherlands Consumer Group Sues Amazon Over Privacy Violations
Netherlands Consumer Group Sues Amazon Over Privacy Violations
October 18, 2023  |  Amazon

A Dutch consumer rights group is suing Amazon over its data tracking practices.  Stichting Data Bescherming Nederland (SDBN), a consumer rights group in the Netherlands,...

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Costco COO Ron Vachris Named CEO as Craig Jelinek to Step Down
Costco COO Ron Vachris Named CEO as Craig Jelinek to Step Down
October 18, 2023  |  Personnel

Costco Wholesale has announced that CEO Craig Jelinek will be stepping down on Jan. 1, 2024, after more than a decade at the helm of...

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YouTube Unveils Features to Boost Creators’ Shopping Revenue
YouTube Unveils Features to Boost Creators’ Shopping Revenue
October 18, 2023  |  Social Commerce

In an effort to empower content creators and maximize revenue potential, YouTube has unveiled features that simplify the marketing and sale of products within videos. These...

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