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)

Consumers Spring for Big-Ticket Items When Nice-to-Haves Become Need-to-Haves
Consumers Spring for Big-Ticket Items When Nice-to-Haves Become Need-to-Haves
April 20, 2023  |  Consumer Payments

The sales of expensive everyday items are experiencing somewhat of a reprieve from the consumer slump other retail sectors are facing. At first, it may...

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Grocers Launch Convenience Store Concepts Despite Challenges in the Space
Grocers Launch Convenience Store Concepts Despite Challenges in the Space
April 20, 2023  |  Retail

This week in grocery, H-E-B adds convenience stores, Giant Eagle revisits mailers and Kroger accepts SNAP. As grocers look to drive up frequency, many are...

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UK Shoppers’ Use of Contactless Cards Spikes 94% YOY
UK Shoppers’ Use of Contactless Cards Spikes 94% YOY
April 20, 2023  |  Payment Methods

Contactless cards have long been at the center of the U.K.’s payments ecosystem, but now, digital wallets are quickly entering the mix. There is also...

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‘Boring’ Retail Could Be Silent Factor in Sales Decline
‘Boring’ Retail Could Be Silent Factor in Sales Decline
April 20, 2023  |  Retail

At this point, the lack of product selection amid an inflationary environment has a chicken-and-egg feel to it. As reported earlier this month by The...

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MercadoLibre Adds 13K Jobs Amid Tech Firm Layoff Wave
MercadoLibre Adds 13K Jobs Amid Tech Firm Layoff Wave
April 20, 2023  |  eCommerce

As the tech world undertakes layoffs, MercadoLibre is in hiring mode. The Latin American eCommerce giant plans to add 13,000 jobs this year, Chief People...

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Affirm and Klarna Continue to Rule Provider Ranking of BNPL Apps
Affirm and Klarna Continue to Rule Provider Ranking of BNPL Apps
April 20, 2023  |  Mobile Applications

In the spirit of “read now, understand now” we organize and publish PYMNTS’ Provider Ranking of Buy Now, Pay Later Apps that we might increase...

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Can Loyalty Programs Save Struggling Retailers From Bankruptcy?
Can Loyalty Programs Save Struggling Retailers From Bankruptcy?
April 20, 2023  |  Retail

In the pandemic era, loyalty programs proved to be an effective strategy to retain customers even while maintaining physical distance. However, with in-store experiences making...

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Snap and Men’s Wearhouse Bring Augmented Reality to Prom Season
Snap and Men’s Wearhouse Bring Augmented Reality to Prom Season
April 20, 2023  |  Retail

For Men’s Wearhouse, this year’s prom theme is “augmented reality.” The clothing retailer has teamed up with Snapchat owner Snap to use the social media...

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IKEA Investing $2.2 Billion to Expand Omnichannel Capabilities in US
IKEA Investing $2.2 Billion to Expand Omnichannel Capabilities in US
April 20, 2023  |  Retail

IKEA is expanding its omnichannel capabilities with its biggest investment in four decades in the United States. The $2.2 billion investment over the next three...

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