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)

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....

READ MORE >
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...

READ MORE >
Home Depot’s Sales Fall as Consumers Hold Off on Renovations
Home Depot’s Sales Fall as Consumers Hold Off on Renovations
May 16, 2023  |  Retail

The Home Depot missed Wall Street revenue expectations for the second quarter in a row. The home improvement retailer on Tuesday (May 16) reported earnings...

READ MORE >
Growing Online Payments Fraud Puts Retailer Data Security in the Spotlight
Growing Online Payments Fraud Puts Retailer Data Security in the Spotlight
May 16, 2023  |  Retail

PYMNTS asked business leaders for their take on how to plan for the rest of 2023 and what they are telling their teams to focus...

READ MORE >
Amazon to Add Generative AI to Marketplace Search
Amazon to Add Generative AI to Marketplace Search
May 15, 2023  |  Amazon

Amazon is reportedly looking to add generative artificial intelligence (AI) to its search function. There have been suggestions of that goal in the company’s job postings...

READ MORE >
Victoria’s Secret Ditches the Runway for Film, but Will Consumers Care? 
Victoria’s Secret Ditches the Runway for Film, but Will Consumers Care? 
May 15, 2023  |  Retail

Victoria’s Secret (VS) is reviving its iconic fashion show but with a fresh approach. Instead of the traditional runway event, the brand is featuring women...

READ MORE >
Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
Mugler and H&M: Why Luxury Brands Are Leaning Into Fast Fashion
May 15, 2023  |  Retail

The fashion industry used to view collaborations between luxury brands and fast fashion as taboo. Luxury brands were reluctant to partner with fast-fashion retailers for...

READ MORE >
Amazon Using AI to Drive Faster Delivery
Amazon Using AI to Drive Faster Delivery
May 15, 2023  |  artificial intelligence

Amazon is reportedly using artificial intelligence in its inventory system to speed deliveries. Stefano Perego, Amazon’s vice president of customer fulfillment and global ops services...

READ MORE >
Subscription Merchants Say Easy Cancellation Helps Retain Customers
Subscription Merchants Say Easy Cancellation Helps Retain Customers
May 15, 2023  |  Subscriptions

Consumers love their retail subscriptions, but inflation has forced a wave of cancellations, and merchants need to use every tool at their disposal — including...

READ MORE >