brick and mortar

Brick and mortar (also bricks and mortar or B&M) refers to a physical presence of an organization or business in a building or other structure. The term brick-and-mortar business is often used to refer to a company that possesses or leases retail shops, factory production facilities, or warehouses for its operations.

Source: en.wikipedia.org

Trouble Ahead for Department Stores as Luxury Brands Move Direct-to-Consumer
Trouble Ahead for Department Stores as Luxury Brands Move Direct-to-Consumer
February 12, 2024  |  Retail

As luxury brands increasingly find ways to create direct relationships with their customers, high-end department store chains are facing new challenges. Ralph Lauren, for its...

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Amazon Chips Away at Walmart Grocery Lead With Unified Pickup Options
Amazon Chips Away at Walmart Grocery Lead With Unified Pickup Options
February 09, 2024  |  Retail

As Amazon continues to try to shrink the gap between its own share of consumers’ grocery spending and Walmart’s, the eCommerce giant is retooling its...

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Nuvei Unveils Omnichannel Payments Tool for Merchants and Platforms
Nuvei Unveils Omnichannel Payments Tool for Merchants and Platforms
February 07, 2024  |  Payment Methods

Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for...

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Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
Report: Alibaba Gauges Potential Buyers’ Interest in Brick-and-Mortar Businesses
February 02, 2024  |  Retail

Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime....

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Walmart Counters Amazon’s eCommerce Lead With Omnichannel Tech
Walmart Counters Amazon’s eCommerce Lead With Omnichannel Tech
February 02, 2024  |  Retail

As Walmart looks to shrink Amazon’s growing lead in consumer retail spending, the mega-retailer is turning to new technologies to merge the digital and physical...

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Walmart Aims to Build or Revamp 150 Stores in Five Years
Walmart Aims to Build or Revamp 150 Stores in Five Years
January 31, 2024  |  Walmart

Walmart will build, convert or remodel hundreds of stores over the next five years. The retail giant announced in a Wednesday (Jan. 31) press release...

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Walmart Expands Virtual Try-On Tech to Eyewear
Walmart Expands Virtual Try-On Tech to Eyewear
January 30, 2024  |  Retail

Walmart is expanding its use of augmented and virtual reality technology to include eyewear. The world’s largest retailer’s new offering, announced Tuesday (Jan. 30), comes at a...

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Yelp Unveils AI-Powered Business Summaries
Yelp Unveils AI-Powered Business Summaries
January 30, 2024  |  Artificial Intelligence

Online business review forum Yelp has added more (artificial intelligence) AI-powered search tools. “For years, we’ve leveraged AI to help reduce consumers’ decision paralysis — from spotlighting...

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Walmart Aims to Provide Guiding Light to Wandering Shoppers
Walmart Aims to Provide Guiding Light to Wandering Shoppers
January 30, 2024  |  Retail

Lost in the supermarket? Walmart says it has a solution. Look for the blinking light. The retail giant has begun testing digital labels that — after being activated by...

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