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)

Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
Citi Ventures’ Zec: ReCommerce Helps Luxury Brands See Second-Life Revenues
August 18, 2023  |  Merchant Innovation

Etsy, eBay and Craigslist marked the “first generation” of ReCommerce sites — where anybody could sell just about anything to anyone.  Etsy, Poshmark and Depop...

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Albertsons, Other Grocers Expand Digital Offerings to Boost Omnichannel Adoption
Albertsons, Other Grocers Expand Digital Offerings to Boost Omnichannel Adoption
August 17, 2023  |  Retail

This week in grocery, Albertsons adds nutrition tools to drive digital adoption, The Fresh Market adds prepared meals to its eCommerce site, and eGrocer Hungryroot’s...

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Blue Shield’s Amazon Pharmacy Deal Hints at Healthcare’s Digital Seachange
Blue Shield’s Amazon Pharmacy Deal Hints at Healthcare’s Digital Seachange
August 17, 2023  |  Healthcare

Healthcare is the roughly $4 trillion behemoth of an industry woven from a tangled web of providers, patients and providers. And in at least one...

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Mastercard Teams With Riskified to Reduce eCommerce Fraud
Mastercard Teams With Riskified to Reduce eCommerce Fraud
August 17, 2023  |  Security & Fraud

Riskified and Mastercard have teamed to help businesses increase eCommerce revenues while reducing fraud. The partnership, announced Thursday (Aug. 17), marries insights from Mastercard’s cybersecurity products and solutions with Riskified’s...

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Trader Joe’s CEO Bucks Grocery Industry Trends by Eschewing Self-Checkout 
Trader Joe’s CEO Bucks Grocery Industry Trends by Eschewing Self-Checkout 
August 17, 2023  |  Technology

As many grocers look to technology to boost efficiency — sometimes at the cost of service — Trader Joe’s is holding the line against self-checkout.  ...

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Walmart: Weekly Active Digital Users Grow 20%
Walmart: Weekly Active Digital Users Grow 20%
August 17, 2023  |  Earnings

Walmart’s second quarter fiscal year 2024 results show a continued trend in strong spending on groceries — and a widening embrace of digital channels by...

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Gen Z Gives TJX a Sales Bump as TikTok Trend Goes Viral 
Gen Z Gives TJX a Sales Bump as TikTok Trend Goes Viral 
August 17, 2023  |  Earnings

As prices rise, consumers have found themselves grappling with the dilemma of spending in the face of uncertainty. This has led to a shift in...

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Wealthy Travelers’ Vacation Spending Bumps Harrods Sales 
Wealthy Travelers’ Vacation Spending Bumps Harrods Sales 
August 17, 2023  |  Earnings

Although inflation has improved, worries about prices continue to trouble 82% of consumers. The remaining 18%, however, might be playing a role in the increase...

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Most Bridge Millennials Would Pay via Bank Transfer If Offered Rewards 
Most Bridge Millennials Would Pay via Bank Transfer If Offered Rewards 
August 17, 2023  |  Digital Payments

The majority of bridge millennials would pay for retail purchases via bank transfer if they could earn rewards for doing so, PYMNTS research reveals, but...

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