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

Open Banking and Machine Learning Aid the Battle Against False Declines

Open Banking and Machine Learning Aid the Battle Against False Declines
Open Banking and Machine Learning Aid the Battle Against False Declines
April 12, 2023  |  Digital Banking

Elizabeth Graham, product manager at Entersekt, said false declines carry significant risks for banks and merchants, where consumer loyalty is critical. Get the Full Story Complete...

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Inventory Data Hints at Summer Slowdown — and Main Street Merchant Markdowns
Inventory Data Hints at Summer Slowdown — and Main Street Merchant Markdowns
April 11, 2023  |  Retail

When goods pile up on shelves and in wholesale channels,  markdowns loom. Get the Full Story Complete the form to unlock this article and enjoy...

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Gap Between Grocery and Retail Prices Widens As Consumers Expect Price Hikes
Gap Between Grocery and Retail Prices Widens As Consumers Expect Price Hikes
April 11, 2023  |  Economy

Retail inflation once far outpaced food inflation, but the trend has long since reversed. Get the Full Story Complete the form to unlock this article...

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Meta Lets Brazilians Pay Local Merchants Via WhatsApp
Meta Lets Brazilians Pay Local Merchants Via WhatsApp
April 11, 2023  |  Payment Methods

Meta says Brazilian WhatsApp users can now use the messaging app to pay local businesses. Get the Full Story Complete the form to unlock this...

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Toshiba Taps BlueStar to Expand POS Network
Toshiba Taps BlueStar to Expand POS Network
April 11, 2023  |  Retail

Toshiba Global Commerce Solutions says it’s extending the reach of its point-of-sale (POS) network. Get the Full Story Complete the form to unlock this article...

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Merchants Target Products, Not People, With in-Store Security Measures
Merchants Target Products, Not People, With in-Store Security Measures
April 11, 2023  |  Security & Fraud

Tracking items instead of people is gaining steam with some retailers, but the strategy may not work for most products. Get the Full Story Complete...

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CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
CarMax Leans Into Omnichannel, Credit and Digital Self-Service to Steer Tough Course
April 11, 2023  |  Earnings

The used car market is seeking stability against ongoing macro headwinds, as seen in the fiscal 2023 fourth-quarter performance of CarMax, the nation’s largest used...

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Albertsons Grows Rewards Program to Drive Loyalty Amid Inflation
Albertsons Grows Rewards Program to Drive Loyalty Amid Inflation
April 11, 2023  |  Earnings

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Why Retailers From Dick’s to Dollar General Are Getting Back to Their Core
Why Retailers From Dick’s to Dollar General Are Getting Back to Their Core
April 11, 2023  |  Retail

If there’s anything the past few years have taught the retail industry, it’s that the ability to respond and pivot accordingly is king, all while...

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