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)

Convenience and Better Deals Drive Consumers’ Switch From in-Store Grocery Shopping to Digital
Convenience and Better Deals Drive Consumers’ Switch From in-Store Grocery Shopping to Digital
November 06, 2023  |  Shopping

The pandemic has significantly impacted consumer behavior, including grocery shopping habits. Traditional brick-and-mortar grocery stores are no longer the go-to channel for most shoppers, with...

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Shopify Keeps Amazon in Its Sights While Upping the Ante 
Shopify Keeps Amazon in Its Sights While Upping the Ante 
November 05, 2023  |  Retail

Shopify is shining a light on its role in the online payment industry. During its recent earnings call held Friday (Nov. 3), the company shared...

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Walmart Shares Hit All-Time High as Groceries Draw Shoppers
Walmart Shares Hit All-Time High as Groceries Draw Shoppers
November 03, 2023  |  Walmart

Walmart’s shares reportedly reached an all-time high Friday (Nov. 3), with investors betting on its ability to thrive during the holiday season. This peak, at...

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Grocery Coffee Sales Dip as Consumers Turn to eCommerce, QSRs
Grocery Coffee Sales Dip as Consumers Turn to eCommerce, QSRs
November 03, 2023  |  eCommerce

Coffee sales at the grocery store are reportedly below pre-COVID levels as consumers increasingly get their caffeine buzz from digital channels or restaurant chains. Packaged coffee...

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Report: Ace Hardware Unable to Accept Online Orders Amid Cyberattack
Report: Ace Hardware Unable to Accept Online Orders Amid Cyberattack
November 03, 2023  |  Security & Fraud

Ace Hardware is reportedly recovering from a cyberattack that has left it unable to accept online orders. The news was first reported Sunday (Oct. 29)...

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Service Sector Slows: Sign of the Times as Consumers Shift Spending?
Service Sector Slows: Sign of the Times as Consumers Shift Spending?
November 03, 2023  |  Economy

The latest ISM Services PMI reading came in at 51.8 in October, down from a 53.6 reading in September. A reading above 50 notes expansion...

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This Week in AI: Regulatory Ramp Up and Industry Innovations 
This Week in AI: Regulatory Ramp Up and Industry Innovations 
November 03, 2023  |  artificial intelligence

Another week, another explosion of news generated by generative artificial intelligence (AI). Technological innovations form the core of cultural transformations that have immediate and startling...

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Apple Stock Falls 3% After Forecast for Weak Holiday Quarter
Apple Stock Falls 3% After Forecast for Weak Holiday Quarter
November 03, 2023  |  Apple

Apple shares reportedly experienced a decline after the company issued a warning Thursday (Nov. 2) about a lackluster holiday quarter. The stock initially fell more than...

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PayPal’s Bet to Boost Security May Pay Off in Broader Usage
PayPal’s Bet to Boost Security May Pay Off in Broader Usage
November 03, 2023  |  Payment Methods

As consumers’ eCommerce activity grows, so does their use of digital payment methods. Merchants looking to boost engagement can offer these payment options to maximize...

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