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)

3 Big Ideas From the PYMNTS Visa SMBTV Series
3 Big Ideas From the PYMNTS Visa SMBTV Series
July 26, 2024  |  VISA

In the digital marketplace, the effortless nature of eCommerce transactions masks a complex network of systems designed to ensure a smooth customer experience. While consumers...

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Consumer Sentiment Dips as Inflation Expectations Remain Flat
Consumer Sentiment Dips as Inflation Expectations Remain Flat
July 26, 2024  |  Economy

The bifurcation in consumer spending — between higher-income and lower-income individuals and households — looks set to widen. And in the meantime, as detailed in...

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Apple Lowers iPhone Prices in India After Country Reduces Customs Duty
Apple Lowers iPhone Prices in India After Country Reduces Customs Duty
July 26, 2024  |  Apple

Apple has reportedly cut the prices of iPhones in India after the country reduced its basic customs duty on mobile phones. This is the first time...

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AI-Powered Delivery Robots Aim to Slash Costs
AI-Powered Delivery Robots Aim to Slash Costs
July 26, 2024  |  artificial intelligence

A new contender has entered the increasingly crowded field of autonomous delivery robots, hoping to automate last-mile logistics for eCommerce. Bay Area startup Vayu Robotics unveiled its...

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Amazon and Walmart Tap Imaging Tech to Improve eCommerce Experience
Amazon and Walmart Tap Imaging Tech to Improve eCommerce Experience
July 26, 2024  |  Retail

Amazon and Walmart are looking to make the online shopping experience more visual in an effort to boost consumers’ eCommerce engagement. Amazon’s Image Searches Amazon,...

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Amex Courts Gen Z and Millennial Diners With Gold Card Updates
Amex Courts Gen Z and Millennial Diners With Gold Card Updates
July 25, 2024  |  Credit Cards

American Express is hoping to attract younger consumers with its latest card update. Amex on Thursday (July 25) announced a new version of its Consumer Gold Card, offering...

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Hasbro: Games Customers Are Aging Up and Becoming More Digital
Hasbro: Games Customers Are Aging Up and Becoming More Digital
July 25, 2024  |  Earnings

As toys and games retailers look to adapt to consumers’ evolving habits and preferences, Hasbro is seeing the industry transformed by more adult and more...

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Chipotle’s Loyalty Gamification Drives Record-Breaking Digital Sales
Chipotle’s Loyalty Gamification Drives Record-Breaking Digital Sales
July 24, 2024  |  Earnings

As restaurants look to boost digital engagement, Chipotle is seeing that its efforts to make online participation more exciting are paying off. The fast-casual restaurant...

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PYMNTS Data Shows Married Parents Driving Retail Trends
PYMNTS Data Shows Married Parents Driving Retail Trends
July 24, 2024  |  Retail

Married parents are emerging as the leading demographic for apparel retailers, demonstrating a preference for clothing and accessories purchases compared to other household types, and...

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