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)

28% of Loyal Subscribers Would Cancel Due to Excessive Promotional Materials
28% of Loyal Subscribers Would Cancel Due to Excessive Promotional Materials
December 08, 2023  |  Subscriptions

With the subscription market becoming increasingly crowded, merchants need to be aware of the factors that may lead to the cancellation of loyal subscribers. PYMNTS...

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Nearly 2 in 5 Consumers Are Tipping Less Due to Dwindling Personal Finances
Nearly 2 in 5 Consumers Are Tipping Less Due to Dwindling Personal Finances
December 08, 2023  |  Consumer Finance

A recent report by PYMNTS Intelligence has shed light on a growing trend among consumers — they are tipping less this year. The “Tipping Over:...

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American Express Launches New Rewards Program in India
American Express Launches New Rewards Program in India
December 08, 2023  |  Credit Cards

American Express has launched Reward Xcelerator, a new initiative aimed at strengthening its Membership Rewards program in India. This program offers Platinum Charge cardmembers the...

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Convenience Stores Tap EV Chargers to Capture Spending
Convenience Stores Tap EV Chargers to Capture Spending
December 08, 2023  |  Retail

Convenience retailers are seizing on the electric vehicle (EV) charging opportunity to drive sales, as consumers wait around with little to do but shop. Last...

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Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
Credit Growth Slows but Consumers Still Turn to Cards for Spending Power
December 08, 2023  |  Consumer Finance

Higher rates are proving to be headwind to borrowing, per the Federal Reserve’s latest stats. But growth is still growth and consumers are still tapping...

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Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
Luxury Brands Seek Discreet Ways to Move Goods During Slowdown
December 08, 2023  |  Retail

The luxury industry is reportedly facing a slowdown as shoppers sober up after their pandemic spending spree. This slowdown has left luxury brands with a...

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J.P. Morgan Payments Processes Record Number of Transactions in Europe
J.P. Morgan Payments Processes Record Number of Transactions in Europe
December 08, 2023  |  Payment Methods

J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). The firm...

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Grocery Shoppers’ Budget Strategies May Outlast Inflation
Grocery Shoppers’ Budget Strategies May Outlast Inflation
December 08, 2023  |  Consumer Finance

When household finances are tight, consumers use various strategies to manage their budgets and make ends meet. This behavior applies to every spending category, from...

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The AI Revolution in Retail: Opportunities and Risks
The AI Revolution in Retail: Opportunities and Risks
December 08, 2023  |  Artificial Intelligence

The rise of large language models (LLMs) like ChatGPT has thrust generative artificial intelligence (AI) into the driver’s seat of retail technologies, prompting brands across...

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