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)

TikTok Eyes Indonesian Payments License to Boost eCommerce Business
TikTok Eyes Indonesian Payments License to Boost eCommerce Business
August 04, 2023  |  eCommerce

TikTok is reportedly in early-stage talks with Indonesian regulatory authorities to obtain a payments license. The ByteDance-owned social media platform’s application has been favorably received by Indonesia’s...

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Banks and Merchants Look to Receipts for Data That Drives Context and Conversion
Banks and Merchants Look to Receipts for Data That Drives Context and Conversion
August 04, 2023  |  Data

A sticky customer base makes for a happy business. And the technical opportunities and innovations embedded across today’s data-rich operating landscape are helping financial institutions,...

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Apple Tops 1 Billion Paid Subscriptions, Doubling 2020’s Levels
Apple Tops 1 Billion Paid Subscriptions, Doubling 2020’s Levels
August 03, 2023  |  Earnings

For Apple, the push to become a service-centered ecosystem proceeds apace. And in the latest quarter, revenues from hardware waned 4.7%, while services-related sales were...

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Wish Reports 42% Decline in Q2 Revenue, Blames Competition
Wish Reports 42% Decline in Q2 Revenue, Blames Competition
August 03, 2023  |  Retail

The eCommerce giant ContextLogic Inc., better known as Wish, reported a 42% drop in total revenue year-over-year in its second-quarter earnings Thursday (Aug. 3), blaming competition...

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Social Media Shoppers Are Minority but Highly Satisfied
Social Media Shoppers Are Minority but Highly Satisfied
August 03, 2023  |  Social Commerce

Fourteen percent of consumers, representing approximately 36 million shoppers, buy items through social media. However, as illustrated in “Tracking the Digital Payments Takeover: Monetizing Social...

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Shopify Sees 17% Growth After Dumping Logistics Arm
Shopify Sees 17% Growth After Dumping Logistics Arm
August 03, 2023  |  eCommerce

What happens after a breakup? One would hope that you shed the dead weight and find yourself again.   After offloading its logistic arm and conducting...

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Meta Plans Second Smart Glasses Generation as First One Flounders
Meta Plans Second Smart Glasses Generation as First One Flounders
August 03, 2023  |  Meta

Last month, Meta CEO Mark Zuckerberg said he was still optimistic about the metaverse. Consumers, however, seem less enthusiastic about the devices designed to serve...

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Cost Isn’t the Real Reason Consumers Bail on Retail Subscriptions
Cost Isn’t the Real Reason Consumers Bail on Retail Subscriptions
August 03, 2023  |  Subscription Commerce

Loyal subscribers are worth their weight in gold to retail subscription merchants. A subgroup of loyal customers we called “loyalists” yield higher lifetime value (LTV)...

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Poshmark Founder Says ‘Focus on Community’ Powers Consumer Loyalty and Sales
Poshmark Founder Says ‘Focus on Community’ Powers Consumer Loyalty and Sales
August 03, 2023  |  Retail

In the age of digital commerce, consumers have long been searching for more intuitive ways to discover and purchase products. One notable challenge in this...

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