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)

Census Says eCommerce Share of Retail Is 15%, Here’s Why It’s Really 22%
Census Says eCommerce Share of Retail Is 15%, Here’s Why It’s Really 22%
May 18, 2023  |  eCommerce

About a year ago, PYMNTS detailed how government stats and revisions to those stats can change the way we view eCommerce. The more online sales...

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Retail Crime Epidemic Sparks Store Closures Including Target, REI and Walmart
Retail Crime Epidemic Sparks Store Closures Including Target, REI and Walmart
May 18, 2023  |  Retail

Target has reported a disturbing surge in retail crime, which is anticipated to cause an estimated $500 million more in losses and stolen merchandise this...

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Walmart: Grocery Sales Grow Double Digits as Consumers Embrace Private-Label Brands
Walmart: Grocery Sales Grow Double Digits as Consumers Embrace Private-Label Brands
May 18, 2023  |  Earnings

For Walmart, fiscal first-quarter earnings got a lift as consumers flocked to the commerce giant to stock the fridge — and pivoted to less-expensive, private-label goods. The retailer said in...

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Uber Eats Its Way to More Grocery Share With Group Ordering
Uber Eats Its Way to More Grocery Share With Group Ordering
May 18, 2023  |  Delivery

Uber is sating its hunger for growth by shaking up the grocery selection, payment and delivery model along the lines of what Instacart currently offers,...

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T.J. Maxx Thrives as Bed Bath & Beyond Exits and Gen Z, Millennial Shoppers Drive Growth
T.J. Maxx Thrives as Bed Bath & Beyond Exits and Gen Z, Millennial Shoppers Drive...
May 18, 2023  |  Retail

Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers.  “We...

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Target Faces Profit Losses, Rethinks In-Store Operations Amid Rising Retail Crime 
Target Faces Profit Losses, Rethinks In-Store Operations Amid Rising Retail Crime 
May 18, 2023  |  Earnings

Big box retailer Target has become a focal point for significant theft incidents, which has left a considerable dent in its profits.  Consequently, the retailer,...

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Consumers Who Shop More Online Also Use More Healthcare Services Online
Consumers Who Shop More Online Also Use More Healthcare Services Online
May 17, 2023  |  Connected Economy

Inflation, economic uncertainty, and a generalized sense of instability are not holding back the world’s digital transformation, which clicked up meaningfully in the first quarter...

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eBay Acquires Certilogo to Boost Brand Authentication
eBay Acquires Certilogo to Boost Brand Authentication
May 17, 2023  |  Retail

eBay is ramping up its luxury efforts with the purchase of authentication firm Certilogo. The deal gives eBay access to the Certilogo technology platform, which lets brands...

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eBay Looks to ‘Love Island’ to Spread the Word on Resale Shopping
eBay Looks to ‘Love Island’ to Spread the Word on Resale Shopping
May 17, 2023  |  eCommerce

eBay and “Love Island” have joined forces to strengthen their commitment to the resale movement. This partnership aims to amplify their shared mission of fostering...

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