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)

Klarna Union Employees Could Go on Strike Next Month
Klarna Union Employees Could Go on Strike Next Month
October 26, 2023  |  BNPL

Swedish payments firm Klarna is facing a possible strike by employees in its home country. The Unionen and Swedish Engineering unions announced Thursday (Oct. 26) that the strike will...

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Summer Spending Surge Fuels 4.9% Jump in GDP
Summer Spending Surge Fuels 4.9% Jump in GDP
October 26, 2023  |  Economy

Strong consumer spending this summer helped drive economic growth in the U.S. Figures released Thursday (Oct. 26) by the U.S. Commerce Department showed gross domestic product (GDP) increasing at...

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Hershey Sees ‘Key Retailer’ Pulling Back Amid Digital Transformation
Hershey Sees ‘Key Retailer’ Pulling Back Amid Digital Transformation
October 26, 2023  |  Earnings

As grocers increasingly shift their focus to their digital and omnichannel businesses, Hershey is seeing one of its key business customers pull back as it...

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Leatherman on Why Premium Products Need Loyalty Programs
Leatherman on Why Premium Products Need Loyalty Programs
October 26, 2023  |  Retail

Loyalty programs have become ubiquitous, creating a crowded marketplace. Given this landscape, how can a brand introduce its loyalty solution and differentiate itself?  The answer...

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Barbie’s New Role: Picking up Mattel’s Toy Sales 
Barbie’s New Role: Picking up Mattel’s Toy Sales 
October 26, 2023  |  Retail

In the playful world of toys, Mattel wound up its engines and announced a 9% increase in its third-quarter 2023 net sales, reaching $1.92 billion,...

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Why Ulta Beauty Is Polishing Its Portfolio With a Wellness Boost
Why Ulta Beauty Is Polishing Its Portfolio With a Wellness Boost
October 26, 2023  |  Retail

Ulta Beauty is looking to give its retail therapy experience a wellness boost and has announced its plan to extend its in-store wellness areas to...

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Return Fees Mean Lost Business for 1/3 of Companies
Return Fees Mean Lost Business for 1/3 of Companies
October 26, 2023  |  Retail

Online return fees appear to be both a blessing and a curse for retailers. While charging shoppers for sending back items has reduced returns, a report Thursday...

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24% of Consumers Worry Installment Plans Could Lead to Overspending
24% of Consumers Worry Installment Plans Could Lead to Overspending
October 26, 2023  |  Consumer Insights

Installment plans have become a preferred payment method for consumers. PYMNTS Intelligence has found that 60% of shoppers used an installment plan to buy consumer...

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UPS Expands Reverse Logistics Footprint With Acquisition of Happy Returns
UPS Expands Reverse Logistics Footprint With Acquisition of Happy Returns
October 25, 2023  |  Retail

UPS plans to acquire Happy Returns, a software and reverse logistics company, to expand its returns footprint and enhance its digital solutions. This deal aims to address...

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