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: Shein Raises $2 Billion but Slashes Valuation by 1/3
Report: Shein Raises $2 Billion but Slashes Valuation by 1/3
May 17, 2023  |  Retail

Shein’s latest funding round has reportedly lowered its $100 billion valuation by a third. The online-only fashion retailer raised $2 billion in the most recent...

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Retail Spending’s Headline Rebound Masks Pullback on Discretionary Items
Retail Spending’s Headline Rebound Masks Pullback on Discretionary Items
May 16, 2023  |  Consumer Insights

The retail data released Tuesday (May 16) by the Commerce Department shows a reversal in consumer spending after two months of declines. But one headline...

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Study Finds Payment Choice More Important Than 33 Other Features When Choosing a Merchant
Study Finds Payment Choice More Important Than 33 Other Features When Choosing a Merchant
May 16, 2023  |  eCommerce

More than 80% of consumers use digital features as part of their shopping experiences, online and in-store. These “digital enthusiasts” and “digital mainstream” shoppers are...

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Home Depot Sales Dip 4.2% in Q1, Execs Point to Order Fulfillment as Bright Spot
Home Depot Sales Dip 4.2% in Q1, Execs Point to Order Fulfillment as Bright Spot
May 16, 2023  |  Earnings

The pandemic home improvement wave has crested, as evidenced by first quarter results reported by The Home Depot, which is seeing a deceleration in its...

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Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
May 16, 2023  |  Retail

Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. The United Kingdom-based luxury department store chain is offering The...

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Retail Sales Rose Slightly in April After 2 Months’ Decline
Retail Sales Rose Slightly in April After 2 Months’ Decline
May 16, 2023  |  Economy

U.S. retail sales climbed slightly in April following two months of decline. Figures from the Commerce Department released Tuesday (May 16) showed spending increasing a...

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Elizabeth Arden Launches Shoppable Virtual Store to Reach New Generation
Elizabeth Arden Launches Shoppable Virtual Store to Reach New Generation
May 16, 2023  |  Retail

Elizbeth Arden has launched a virtual store that enables browsing, gameplaying and shopping. The Revlon-owned beauty brand created the metaverse shopping experience in partnership with experiential eCommerce platform Obsess and launched it Tuesday...

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Century 21 and Macy’s Embrace Inventory Lightness as Premium Label Stores Downsize
Century 21 and Macy’s Embrace Inventory Lightness as Premium Label Stores Downsize
May 16, 2023  |  Retail

Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020....

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As Meta Exits, Can Amazon, Google and Reddit Get Social Commerce Right? 
As Meta Exits, Can Amazon, Google and Reddit Get Social Commerce Right? 
May 16, 2023  |  Social Commerce

The realm of social commerce is undergoing remarkable advancements with key players such as Google, Amazon and Reddit venturing into the trend of integrating eCommerce...

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