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)

ServiceNow to Acquire G2K to Add IoT Technology to Platform
ServiceNow to Acquire G2K to Add IoT Technology to Platform
May 12, 2023  |  Acquisitions

ServiceNow plans to acquire G2K to add new capabilities to its solutions for brick-and-mortar businesses. The transaction will add G2K’s Internet of Things (IoT) technology to ServiceNow’s Now Platform,...

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Consumer Sentiment Sours as Inflation Looks Set for the Long Haul
Consumer Sentiment Sours as Inflation Looks Set for the Long Haul
May 12, 2023  |  Economy

The University of Michigan’s consumer sentiment survey has notched its lowest level since the end of last year. The latest reading came in at 57.7, which was 9%...

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Wholesale Inventory Data Shows Value of Real-Time Tracking Amid Softening Demand
Wholesale Inventory Data Shows Value of Real-Time Tracking Amid Softening Demand
May 12, 2023  |  Retail

Government data released this week hints that retailers are in for a protracted struggle through the next few months. And with stock moving slowly through...

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Lululemon Wants Consumers to Trade in Dupes for the Real Thing 
Lululemon Wants Consumers to Trade in Dupes for the Real Thing 
May 12, 2023  |  Retail

Irrespective of inflation, consumers have consistently preferred dupes, counterfeits or private label (store) brands. And as this increasingly becomes a reality, especially as consumers have...

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Influencers Help Brands Drive Sales Through Retail Media Networks
Influencers Help Brands Drive Sales Through Retail Media Networks
May 12, 2023  |  Retail

With the newfound momentum behind retail media networks and Dollar General and Walmart reporting promising results, many brands and retailers feel compelled to take this...

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Fabletics Implements Salesfloor’s Customer Engagement Platform to Enable Connected Conversations
Fabletics Implements Salesfloor’s Customer Engagement Platform to Enable Connected Conversations
May 12, 2023  |  Retail

Fabletics now enables its customers to communicate with store associates via email, text and video chat. The activewear brand has implemented Salesfloor’s customer engagement platform...

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Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
Auto Sales Slump Could Be a Crisis of the Sector’s Own Making
May 12, 2023  |  Retail

The Bureau of Labor Statistics (BLS) published a little-noticed piece last month analyzing the part auto dealers’ markups played in new car price tag inflation during...

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Adidas to Sell Remaining Yeezy Sneakers, Donate Proceeds to Charity
Adidas to Sell Remaining Yeezy Sneakers, Donate Proceeds to Charity
May 11, 2023  |  Retail

Adidas has decided what to do with its millions of leftover Yeezy sneakers. The firm will sell the $1 billion worth of products and donate the proceeds to...

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Krispy Kreme Now a ‘Doughnut Logistics Company’ as Online and Retail Efforts Pay off in Q1
Krispy Kreme Now a ‘Doughnut Logistics Company’ as Online and Retail Efforts Pay off in...
May 11, 2023  |  Earnings

As consumer buying patterns shift and its delivered fresh daily (DFD) hub and spoke model evolves internationally, Krispy Kreme is seeing strong returns, particularly in...

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