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)

HelloFresh Launches Dog Food as Consumers Splurge on Pet Meals
HelloFresh Launches Dog Food as Consumers Splurge on Pet Meals
August 01, 2023  |  Subscriptions

Consumers may be cutting back on food spending for themselves amid inflation, but few are willing to subject their furry friends to the same sacrifices,...

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Fast Fashion Brands Pivot to Repair Amid Sustainability Pressures
Fast Fashion Brands Pivot to Repair Amid Sustainability Pressures
August 01, 2023  |  Retail

Facing pressure to improve their environmental record, clothing makers want to repair customers’ worn garments. It’s a trend PYMNTS has been following since last year and the...

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CVS Cuts Thousands of Corporate Jobs in Shift to Healthcare
CVS Cuts Thousands of Corporate Jobs in Shift to Healthcare
August 01, 2023  |  Healthcare

CVS is reportedly cutting around 5,000 jobs amid its new focus on healthcare. The cuts are primarily centered around corporate-level positions and aren’t expected to involve jobs...

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Luxury Brands Want the Aspirational Shopper, But Not at a Discount
Luxury Brands Want the Aspirational Shopper, But Not at a Discount
August 01, 2023  |  Retail

When consumers don’t spend, retailers typically think to offer a discount. But discounts, as we all know, can become a slippery slope. What lengths will...

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Bed Bath & Beyond Relaunches in US After Overstock.com Acquisition
Bed Bath & Beyond Relaunches in US After Overstock.com Acquisition
August 01, 2023  |  eCommerce

Bed Bath & Beyond is making a comeback in the U.S.   Following its acquisition by Overstock.com in June for $21.5 million and its website launch in Canada,...

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Loop CEO Says Returns Experience Now Drives Brand Loyalty
Loop CEO Says Returns Experience Now Drives Brand Loyalty
August 01, 2023  |  eCommerce

It’s nothing new, customers expect a straightforward and no-cost returns process. The option to change their minds about an item or rectify their dissatisfaction without...

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Birkenstock Preparing for September IPO in the US
Birkenstock Preparing for September IPO in the US
July 31, 2023  |  Retail

German footwear brand Birkenstock is reportedly getting set for a listing in the U.S. as soon as September. The brand’s owner, private equity firm L Catterton,...

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Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
Over Half of Retailers and Manufacturers Investing to Modernize Procurement Processes
July 31, 2023  |  Digital Payments

Here on the other side of the pandemic, industry verticals that are modernizing through digital payments transformation are seeing the payoffs across functions including accounts...

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Lowe’s and Petco Expand Store-in-Store Program Twentyfold After Initial Pilot
Lowe’s and Petco Expand Store-in-Store Program Twentyfold After Initial Pilot
July 31, 2023  |  Partnerships

Lowe’s and Petco have expanded their store-in-store pilot program from 15 Lowe’s locations to more than 300. The move aims to serve the 70% of U.S. households — 90.5 million...

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