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)

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...

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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....

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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...

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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...

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Affluent Consumers Temper Spending as Recession Concerns Mount
Affluent Consumers Temper Spending as Recession Concerns Mount
May 08, 2023  |  Economy

The latest data from the Federal Reserve released Monday (May 8) show that consumers think inflation’s here for the long term. And higher-income households are...

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UK Contactless Card Use Up 94% YoY
UK Contactless Card Use Up 94% YoY
May 08, 2023  |  Payment Methods

The coronation has come and gone, and digital wallets and contactless cards continue to dominate the U.K. retail space. How will Brits pay for coronation...

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Shein Hauls Its Way to Top of Provider Ranking of Shopping Apps Again
Shein Hauls Its Way to Top of Provider Ranking of Shopping Apps Again
May 08, 2023  |  Shopping

Been shopping lately? It’s pricey out there. The wise shopper is prepared, and the PYMNTS Provider Ranking of Shopping Apps indicates how those wise shoppers...

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Retail Subscriptions Hold Their Appeal for Many As Retention Takes the Spotlight
Retail Subscriptions Hold Their Appeal for Many As Retention Takes the Spotlight
May 08, 2023  |  Subscriptions

Despite belt-tightening among consumers, retail subscriptions proved resilient in the first quarter and show no signs of weakening, offering proof points on the power of...

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Swiss Watch Industry Boosts Earnings by Raising Prices
Swiss Watch Industry Boosts Earnings by Raising Prices
May 08, 2023  |  Retail

The Swiss watch industry is reportedly dealing with competition from smartwatches by raising prices. The industry earned more than ever before in 2022 by raising...

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