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)

Shein and Forever 21 Forge Fast-Fashion Alliance
Shein and Forever 21 Forge Fast-Fashion Alliance
August 24, 2023  |  Retail

Chinese fast-fashion giant Shein has launched a partnership with American clothing retailer Forever 21. The collaboration, as detailed in a Thursday (Aug. 24) announcement, would allow Shein...

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Marc Jacobs Beauty Reemerges to Cater to the Aspirational Shopper 
Marc Jacobs Beauty Reemerges to Cater to the Aspirational Shopper 
August 24, 2023  |  Retail

With the impact of inflation causing changes in consumer behavior and their preferences in extravagances, — with some opting for travel and others exploring luxury...

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ParcelLab Launches Digital Returns Portal and Post-Purchase Communications
ParcelLab Launches Digital Returns Portal and Post-Purchase Communications
August 24, 2023  |  Retail

ParcelLab has unveiled a new product that transforms the returns, warranty and exchange process from paper to digital. The new product, Retain, offers consumers a seamless returns...

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Foot Locker’s Stock Plunges 34% as It Battles ‘Still-Tough Consumer Backdrop’
Foot Locker’s Stock Plunges 34% as It Battles ‘Still-Tough Consumer Backdrop’
August 23, 2023  |  Retail

Foot Locker shares plunged 34% at the release of second-quarter earnings on Wednesday (Aug. 23) as the company faces a challenging retail environment and struggles...

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Standard AI Adds Google Tools to Speed Checkout
Standard AI Adds Google Tools to Speed Checkout
August 23, 2023  |  artificial intelligence

Standard AI said it’s using Google Cloud’s artificial intelligence (AI) tools to improve checkout. The autonomous retail technology company announced Wednesday (Aug. 23) it was integrating Google Cloud into...

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Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
August 23, 2023  |  eCommerce

As merchants look for ways to improve the margins of online grocery, Giant Food is backpedaling, reportedly closing three delivery fulfillment centers to find a...

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Solana Pay Integrates With Shopify to Enable Decentralized Payments
Solana Pay Integrates With Shopify to Enable Decentralized Payments
August 23, 2023  |  eCommerce

Solana Pay, a decentralized payments protocol built on the Solana blockchain network, has integrated with Shopify, offering millions of businesses a new payment solution. This collaboration...

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Fitness Takes the Lead: Dick’s Sporting Goods Emerges as Priority in Consumer Budgets 
Fitness Takes the Lead: Dick’s Sporting Goods Emerges as Priority in Consumer Budgets 
August 23, 2023  |  Earnings

Shoppers are exercising increased prudence in terms of nonessential expenditures. This trend is a hot topic within the retail sector, from everyday grocery shopping to...

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As Consumers Cut Back on Discretionary Spending, Macy’s Amplifies Leaner and Personalized Inventory
As Consumers Cut Back on Discretionary Spending, Macy’s Amplifies Leaner and Personalized Inventory
August 23, 2023  |  Earnings

Consumers are cautious these days about their spending.  It’s the tale of the retail community and the real-life challenge Macy’s is currently grappling with. On...

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