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)

Shopify Cuts 20% of Staff After Sale of Logistics Unit
Shopify Cuts 20% of Staff After Sale of Logistics Unit
May 04, 2023  |  Personnel

Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of...

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GoodRx Reigns Again On the Provider Rankings of Prescription Apps
GoodRx Reigns Again On the Provider Rankings of Prescription Apps
May 04, 2023  |  Healthcare

Medicine is a serious business, as is saving on medicine. For that reason, we present the PYMNTS Provider Rankings of Prescription Apps monthly to gauge the apps...

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Etsy Wants Shoppers to Shop With Them Every Day, Not Once in a While 
Etsy Wants Shoppers to Shop With Them Every Day, Not Once in a While 
May 04, 2023  |  eCommerce

Etsy, originally a niche platform for handmade and vintage items, is seeking to broaden its appeal beyond its specialized offerings. The company is now focused...

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Estée Lauder Lowers Outlook but Continues to Bet Big on Chinese Market 
Estée Lauder Lowers Outlook but Continues to Bet Big on Chinese Market 
May 04, 2023  |  Retail

Despite lowering its sales outlook for the third straight quarter due to a slower-than-expected recovery in Asia, cosmetics company Estée Lauder remains optimistic about the...

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Nordstrom Closes San Francisco Stores as Foot Traffic Falls
Nordstrom Closes San Francisco Stores as Foot Traffic Falls
May 04, 2023  |  Retail

Nordstrom is reportedly shuttering two of its San Francisco stores amid declining foot traffic. That’s according to a Wednesday (May 3) Wall Street Journal report,...

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CarParts.com CEO Says Data Horsepower Will Drive Disruption in the Auto Aftermarket
CarParts.com CEO Says Data Horsepower Will Drive Disruption in the Auto Aftermarket
May 04, 2023  |  eCommerce

When the CV joint on your used car finally breaks, your first thought isn’t how data science and optimized supply chain figure into that repair....

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Latest Fed Hike May Stymie Retailers’ Efforts to Clear Inventories
Latest Fed Hike May Stymie Retailers’ Efforts to Clear Inventories
May 03, 2023  |  Retail

We’ve reached a milestone with interest rates — and by extension, retailers may find it tougher to sell their inventories. As the world knows by...

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MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
MercadoLibre Sees Growth in Commerce and Financial Services in Latin America
May 03, 2023  |  eCommerce

MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year...

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Convenience Drives Grocery Shopping Choices for 8 in 10 Consumers
Convenience Drives Grocery Shopping Choices for 8 in 10 Consumers
May 03, 2023  |  Retail

As consumers weigh where to buy their groceries, ease and convenience are the top priorities. By the Numbers Research from PYMNTS’ study “Consumer Inflation Sentiment...

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