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)

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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Amazon Doubling Same-Day Delivery to Address Need for Speed
Amazon Doubling Same-Day Delivery to Address Need for Speed
July 31, 2023  |  eCommerce

Amazon will double its same-day delivery centers to hold onto its eCommerce dominance. That expansion will happen “in the coming years,” Doug Herrington, CEO of Worldwide Amazon...

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Walmart Debuts ‘Sequel’ to Refurbished Merchandise Program
Walmart Debuts ‘Sequel’ to Refurbished Merchandise Program
July 31, 2023  |  Retail

Walmart has unveiled an updated version of its refurbished product program, aimed at both consumers and sellers. Announced Monday (July 31), Walmart Restored Premium follows last year’s...

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Etsy Sellers Organize Boycott Over Marketplace’s Withholding of Funds
Etsy Sellers Organize Boycott Over Marketplace’s Withholding of Funds
July 31, 2023  |  Retail

Hundreds of Etsy sellers are reportedly organizing a boycott after the online marketplace withheld merchants’ money. This effort comes after the firm told hundreds of sellers that...

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As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
As Hybrid Work Impacts Urban Retail, London Looks to Offer Rent-Free Shops
July 31, 2023  |  Retail

During the pandemic, many fled the city to live the suburban life. Today, urban commercial real estate companies are struggling to fill their spaces with...

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Report: Malls Trapped in ‘Awful Cycle’ as Values Plummet
Report: Malls Trapped in ‘Awful Cycle’ as Values Plummet
July 31, 2023  |  Retail

Seven years after their valuations peaked, America’s malls are on the ropes. As The Wall Street Journal (WSJ) reported Monday (July 31), the country’s older and lower-end...

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Walmart Pays $1.4 Billion For Tiger Global’s Flipkart Stake
Walmart Pays $1.4 Billion For Tiger Global’s Flipkart Stake
July 31, 2023  |  Walmart

Walmart has reportedly paid $1.4 billion for a larger stake in Indian eCommerce firm Flipkart. The retailer made that purchase in recent days from investment...

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