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 Prime Day Sets Record With 375 Million Items Sold
Amazon’s Prime Day Sets Record With 375 Million Items Sold
July 13, 2023  |  Amazon

Amazon’s Prime Day set records this year, with shoppers purchasing over 375 million items worldwide in two days. That marked a 25% increase from the...

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Tulip and Stripe Announce Strategic Partnership for Omnichannel Retail Payments
Tulip and Stripe Announce Strategic Partnership for Omnichannel Retail Payments
July 13, 2023  |  Partnerships

Tulip, a provider of cloud-based retail solutions, and Stripe, a financial infrastructure platform for businesses, have announced a strategic partnership. This new partnership will be a...

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Retailers Find It’s Expensive to Be Like Amazon
Retailers Find It’s Expensive to Be Like Amazon
July 13, 2023  |  Retail

Retailers are recognizing that offering free shipping may not be sustainable in the long run. However, rather than eliminating it, they are raising the criteria...

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Brands Are Turning to Virtual Shopping to Measure Event Impact 
Brands Are Turning to Virtual Shopping to Measure Event Impact 
July 13, 2023  |  Retail

During the summer, when outdoor events are in demand, retailers are embracing virtual experiences. It’s not because they can’t stand the heat but because while...

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Kim Kardashian’s Skims Chases $4 Billion Valuation Ahead of IPO
Kim Kardashian’s Skims Chases $4 Billion Valuation Ahead of IPO
July 13, 2023  |  Retail

Kim Kardashian’s apparel brand Skims could soon be worth nearly $4 billion. The company is in the middle of a funding round that could help it reach...

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US Bank and Rollick Bring Digital Transformation to RV and Boat Sales
US Bank and Rollick Bring Digital Transformation to RV and Boat Sales
July 12, 2023  |  Partnerships

U.S. Bank and customer engagement technology provider Rollick have partnered and launched a marketplace for recreational vehicles (RVs) and boats. The new U.S. Bank RV and Boat Marketplace offers customers...

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Prime Day 2023: US Consumers Spend $6.4 Billion in First 24 Hours 
Prime Day 2023: US Consumers Spend $6.4 Billion in First 24 Hours 
July 12, 2023  |  Amazon

Within the first 24 hours of Amazon’s Prime Day event, U.S. consumers spent $6.4 billion online, according to Adobe.  Despite a 6% increase year over...

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Meta Plans to Challenge EU Over Facebook Marketplace Abuse
Meta Plans to Challenge EU Over Facebook Marketplace Abuse
July 12, 2023  |  Meta

Meta plans to challenge antitrust accusations that the European Union has leveled against it. The EU alleged that Meta stifled competition from classified ad competitors by...

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Will Inflation’s Cooling Pace Heat Up Consumer Spending as Summer Wanes?
Will Inflation’s Cooling Pace Heat Up Consumer Spending as Summer Wanes?
July 12, 2023  |  Economy

The torrid pace of inflation is torrid no longer. At least judging by the data for June. The question remains, however, whether the fact that...

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