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)

Inflation Cools as Consumers Continue Cutbacks
Inflation Cools as Consumers Continue Cutbacks
May 10, 2023  |  Economy

Inflation continued slowing last month, good news for consumers as many of them curtailed spending. The Consumer Price Index (CPI) rose 0.4% in April, the...

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Zenni Optical Launches Image Search and Prescription Scan Tools
Zenni Optical Launches Image Search and Prescription Scan Tools
May 10, 2023  |  Retail

Zenni Optical has launched two digital tools designed to help customers find and buy glasses. A new Image Search tool lets shoppers upload a photo...

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The Honest Company Waves Bye to China and the EU
The Honest Company Waves Bye to China and the EU
May 10, 2023  |  Retail

While many brands and retailers continue to make big bets on China, Jessica Alba’s consumer packaged goods (CPG) company The Honest Company is exiting the...

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thredUP Moves the Needle With Premium, Not Bargain, Buyers
thredUP Moves the Needle With Premium, Not Bargain, Buyers
May 10, 2023  |  eCommerce

One would assume that bargain shoppers would be driving the resale market, but that’s what you get when you assume. According to thredUP’s Q1 2023...

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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...

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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...

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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...

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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...

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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...

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