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)

Report: TikTok Winds Back US Shopping Launch
Report: TikTok Winds Back US Shopping Launch
May 10, 2023  |  Social Commerce

TikTok has reportedly paused launching its U.S. shopping platform over fears of a ban. ByteDance, the social media company’s Chinese owner, has delayed opening the...

READ MORE >
Baby Products Buck Consumer Trade Down Trend
Baby Products Buck Consumer Trade Down Trend
May 09, 2023  |  Loyalty & Rewards

Brands and merchants may benefit by catering to caregivers’ mindset of seeking consistent reliability in baby products. Parents, family members and other caregivers of young...

READ MORE >
69% of Consumers Lower Retail Spend as 36% of Grocery Shoppers Buy Cheaper Brands
69% of Consumers Lower Retail Spend as 36% of Grocery Shoppers Buy Cheaper Brands
May 09, 2023  |  Consumer Insights

From retail items to groceries, the inflation monster has consumers looking for any lower-priced port in the storm, and that means finding merchants with pricing...

READ MORE >
Consumers Pick Cheaper Merchants for Snacks, but Many Remain Brand Loyal
Consumers Pick Cheaper Merchants for Snacks, but Many Remain Brand Loyal
May 09, 2023  |  Retail

With consumers buying more snack foods of late, according to major brands, PYMNTS research reveals they are looking for cheaper ways to get their fix...

READ MORE >
Costco Reports Declines in eCommerce and Discretionary Sales in April
Costco Reports Declines in eCommerce and Discretionary Sales in April
May 09, 2023  |  Retail

At Costco, eCommerce and discretionary items saw declines in sales in April. During the four weeks that ended April 30, the membership warehouse club recorded...

READ MORE >
Delivery Versus Pickup Preference Comes Down to Money
Delivery Versus Pickup Preference Comes Down to Money
May 09, 2023  |  Delivery

Consumers face the choice between the effort to pick up and paying for bring-it-to-me convenience when buying goods. PYMNTS researched three categories — retail, restaurant...

READ MORE >
Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
May 09, 2023  |  Fitness

Last week PYMNTS reported that Peloton is preparing for a rebranding effort as it expands its knowledge of its customer base and their workout preferences....

READ MORE >
Footwear Retailers Launch Branded Resale, but Who’s Buying?
Footwear Retailers Launch Branded Resale, but Who’s Buying?
May 09, 2023  |  Retail

While apparel retailers are increasingly making forays into branded resale, creeping behind is footwear. Recently, Toms Shoes launched its resale initiative in partnership with thredUP...

READ MORE >
Amazon Anywhere Lets Consumers Shop From Virtual Environments
Amazon Anywhere Lets Consumers Shop From Virtual Environments
May 09, 2023  |  Amazon

Amazon says it will begin letting consumers buy real-world products from inside virtual spaces. Amazon Anywhere, an “immersive shopping experience” announced Tuesday (May 9), lets...

READ MORE >