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)

Mall Owner PREIT Makes Second Bankruptcy Filing in 3 Years
Mall Owner PREIT Makes Second Bankruptcy Filing in 3 Years
December 12, 2023  |  Real Estate

Pennsylvania Real Estate Investment Trust (PREIT), a prominent mall owner in the eastern United States, filed for bankruptcy for the second time in three years,...

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Shein Stays at No. 1 in Latest Provider Ranking of Shopping Apps
Shein Stays at No. 1 in Latest Provider Ranking of Shopping Apps
December 12, 2023  |  Shopping

The holidays are right around the corner, and holiday shopping is in full swing. This edition of PYMNTS’ Provider Ranking of Shopping Apps is here...

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LTK Launches AI Solution to Match Brands and Creators
LTK Launches AI Solution to Match Brands and Creators
December 12, 2023  |  Artificial Intelligence

LTK announced the launch of a new artificial intelligence solution that helps brands find and cast creators for marketing campaigns. The new LTK Match.AI also...

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Convenience Retail Giants Drive App Adoption in Bid for Incremental Sales
Convenience Retail Giants Drive App Adoption in Bid for Incremental Sales
December 12, 2023  |  Retail

The world’s largest convenience store chains are leveraging their apps to drive traffic and personalize their marketing to consumers’ individual habits and preferences. For instance,...

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Cash-Strapped UK Shoppers Choose Chocolate Over Toys as Gifts
Cash-Strapped UK Shoppers Choose Chocolate Over Toys as Gifts
December 11, 2023  |  Retail

Nestle, the maker of Quality Street, and Mondelez, the owner of Cadbury, are experiencing increased sales of confectionery in the United Kingdom this holiday season. Cash-strapped shoppers, looking...

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Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
Hasbro to Cut 900 Positions as Toy Industry Headwinds Continue
December 11, 2023  |  Retail

Toy company Hasbro will be laying off another 900 people, about a year after saying it would eliminate 1,000 positions from its global workforce. The latest job...

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Ocado Doubles Down on Robotics as Grocery Delivery Competition Heats Up
Ocado Doubles Down on Robotics as Grocery Delivery Competition Heats Up
December 11, 2023  |  eCommerce

As grocers look to drive digital sales while protecting their margins, Ocado is reportedly adding more robotic arms in an effort to boost fulfillment efficiency....

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TikTok Surpasses $10 Billion in Consumer Spending 
TikTok Surpasses $10 Billion in Consumer Spending 
December 11, 2023  |  Social Commerce

TikTok has generated $10 billion in consumer spending, becoming the first non-game mobile app to do so.  The social video app has raised $3.8 billion this...

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National Retail Federation Reports Higher Sales as Holiday Season Kicks Off
National Retail Federation Reports Higher Sales as Holiday Season Kicks Off
December 11, 2023  |  Retail

The National Retail Federation (NRF) says the holiday shopping season got off to a strong start. The federation’s Retail Monitor, produced in tandem in CNBC and...

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