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)

Amazon Scales Back Private-Label Business
Amazon Scales Back Private-Label Business
August 10, 2023  |  Amazon

Amazon is reportedly scaling back its private-label business and cutting dozens of its in-house brands. The move comes as the retail giant fights to stave off...

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Instacart Expands Online SNAP Payment Acceptance Nationwide
Instacart Expands Online SNAP Payment Acceptance Nationwide
August 10, 2023  |  Retail

Online grocery marketplace Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) payments throughout the entire United States. With the recent addition of...

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ShipStation Releases New Product Bundles Feature for Merchants
ShipStation Releases New Product Bundles Feature for Merchants
August 10, 2023  |  SMBs

ShipStation has released a new feature called Product Bundles that allows merchants to fulfill, ship and track bundled items more thoroughly on the company’s platform. Doing so allows...

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Lulu Group Raising $2.72 Billion to Reposition Business for IPO
Lulu Group Raising $2.72 Billion to Reposition Business for IPO
August 10, 2023  |  Investments

Abu Dhabi-based LuLu Group International, which owns one of the largest hypermarket chains in the Middle East, is reportedly raising 10 billion dirhams (about $2.72 billion)...

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REVOLVE Turns Delayed Shipping Into Customer Rewards 
REVOLVE Turns Delayed Shipping Into Customer Rewards 
August 10, 2023  |  eCommerce

There’s been so much talk about the state of returns, but maybe not nearly enough around shipping. But both services are becoming equally important.   The...

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Catch Parlays Merchant Interchange Savings Into Cashback for Consumers 
Catch Parlays Merchant Interchange Savings Into Cashback for Consumers 
August 10, 2023  |  Loyalty & Rewards

For consumers who can get credit, they’re racking up a ton of it.   The most recent quarterly report from the Federal Reserve on household debt...

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Nuvei Sees TPV Up 68% in Q2 But Stock Drops a Third After Earning Report
Nuvei Sees TPV Up 68% in Q2 But Stock Drops a Third After Earning Report
August 09, 2023  |  Earnings

Nuvei Corp. stock dropped 36% Wednesday (Aug. 9) after the Canadian FinTech released its second-quarter earnings showing a net income drop. As of late afternoon, Nuvei was...

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Blue Apron Sees Shift to Asset-Light Model Accelerating Profitability Beyond Q2
Blue Apron Sees Shift to Asset-Light Model Accelerating Profitability Beyond Q2
August 09, 2023  |  Earnings

Meal kit provider Blue Apron has its sights set on achieving profitability starting in the second quarter of 2024, executives told investors on the company’s second-quarter 2023 earnings call on...

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Vroom Says ‘Aged’ Cars Made Up 80% of Sales
Vroom Says ‘Aged’ Cars Made Up 80% of Sales
August 09, 2023  |  Earnings

Online car-buying platform Vroom said its inventory troubles should turn a corner later this year. As PYMNTS reported earlier this year, Vroom and other companies in the...

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