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’s Plan to Scale Grocery Offerings May Dent Walmart’s Share
Amazon’s Plan to Scale Grocery Offerings May Dent Walmart’s Share
August 11, 2023  |  Walmart Amazon whole paycheck

Seemingly as long as the world’s top two retailers have competed, Walmart has been considered the go-to for groceries while Amazon leads in non-food sales....

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Lenders and Merchants Must Diversify to Compete in Shifting Credit Landscape
Lenders and Merchants Must Diversify to Compete in Shifting Credit Landscape
August 11, 2023  |  Loans

With change comes challenge, but with challenge comes opportunity. As 2023 marches on, much of the initial doom and gloom-fueled skepticism around how the year...

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James Allen Offers ChatGPT Assistant Subscriptions to Shoppers
James Allen Offers ChatGPT Assistant Subscriptions to Shoppers
August 11, 2023  |  Artificial Intelligence

Generative artificial intelligence (AI), particularly OpenAI’s ChatGPT, has become a major trend in retail. Brands and retailers are integrating it due to consumer demand for interactive experiences. In...

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Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
Krispy Kreme Reports Q2 2023 Earnings and Expands Omnichannel Strategy
August 11, 2023  |  Earnings

Krispy Kreme announced second-quarter results Thursday (Aug. 10) that showed a 9% hike in year-over-year (YoY) net revenue, bolstered by eCommerce and delivery strategies. Net...

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Alibaba’s Sales Up 14%, Pushed by International Sales
Alibaba’s Sales Up 14%, Pushed by International Sales
August 10, 2023  |  Earnings

Chinese eCommerce giant Alibaba on Thursday (Aug. 10) posted a quarterly sales growth of 14% from the previous year, as its online shopping app Taobao...

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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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