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)

Retailers’ Return Fees Risk Foot Traffic Incentives vs Disincentives to Buy
Retailers’ Return Fees Risk Foot Traffic Incentives vs Disincentives to Buy
May 23, 2023  |  Retail

Retailers charging fees for returns walk a tightrope. On the one hand, fees levied when customers decide not to keep what they’ve bought help offset...

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Google Turns Product Images Into Merchant Sales Using Generative AI
Google Turns Product Images Into Merchant Sales Using Generative AI
May 23, 2023  |  artificial intelligence

Shopping has evolved into an activity that can take place anytime and anywhere. As a result, businesses face a perpetual challenge in distinguishing themselves and...

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Lowe’s Digital and Omnichannel Upgrades Shine Amid 4.3% Decreased Sales
Lowe’s Digital and Omnichannel Upgrades Shine Amid 4.3% Decreased Sales
May 23, 2023  |  Earnings

Lowe’s is seeing strength in the home improvement category due to efficiencies of digital and omnichannel selling that’s become a pillar for the retailer. That’s despite...

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Walmart Enters Pet Telehealth Space With Pawp Deal
Walmart Enters Pet Telehealth Space With Pawp Deal
May 23, 2023  |  Retail

Walmart is the latest player in the up-and-coming pet telehealth sector. The company has agreed to provide Walmart+ members a free year’s subscription to veterinary telehealth platform Pawp, according...

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ASOS and Hirestreet Team to Offer ‘Wear-it-Once’ Rentals
ASOS and Hirestreet Team to Offer ‘Wear-it-Once’ Rentals
May 23, 2023  |  Retail

With consumers focused on sustainability, British fashion retailer ASOS has launched a clothing rental program. The company on Tuesday (May 23) announced a partnership with...

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AI Fuels Farfetch’s Return to Growth
AI Fuels Farfetch’s Return to Growth
May 23, 2023  |  Retail

After experiencing two consecutive quarters of sales decline, Farfetch has experienced a remarkable turnaround, as indicated by its first-quarter 2023 earnings report. The online luxury retailer...

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Manicures Go Virtual With AR
Manicures Go Virtual With AR
May 23, 2023  |  Retail

As brands and retailers look to translate real-life experiences into the online realm, beauty and fashion tech solutions provider Perfect Corp. is looking to augment...

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Consumers Embrace Inflation as New Normal
Consumers Embrace Inflation as New Normal
May 22, 2023  |  Consumer Insights

As noted in The Wall Street Journal last week (May 10), U.S. consumers don’t view inflation with the same importance as they did just a year...

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Amazon’s New Seller Promotions Underscore Small Business Ecosystem Buildout 
Amazon’s New Seller Promotions Underscore Small Business Ecosystem Buildout 
May 22, 2023  |  Retail

Amazon’s evolution of its commerce ecosystem includes building brands for smaller businesses. The latest promotional activity is, we note, a snapshot effort tracing back to...

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