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)

Temu Ad Spend Places It Among Largest Online Advertisers in US
Temu Ad Spend Places It Among Largest Online Advertisers in US
January 31, 2024  |  eCommerce

Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to...

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Shopify to Add AI-Powered Media Editor and Commerce Assistant
Shopify to Add AI-Powered Media Editor and Commerce Assistant
January 31, 2024  |  eCommerce

Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant. These are among more...

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FedEx’s eCommerce Battle Hinges on ShopRunner and a ‘Critical Mass’ of Retailers
FedEx’s eCommerce Battle Hinges on ShopRunner and a ‘Critical Mass’ of Retailers
January 31, 2024  |  eCommerce

More than 80 years ago, Winston Churchill said war would be waged on multiple fronts: the beaches, the fields, the streets and in the air....

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TikTok and GoTo Combine eCommerce Businesses in Indonesia
TikTok and GoTo Combine eCommerce Businesses in Indonesia
January 31, 2024  |  eCommerce

TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined...

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Walmart Aims to Build or Revamp 150 Stores in Five Years
Walmart Aims to Build or Revamp 150 Stores in Five Years
January 31, 2024  |  Walmart

Walmart will build, convert or remodel hundreds of stores over the next five years. The retail giant announced in a Wednesday (Jan. 31) press release...

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Walmart, Maybelline Use AR to Foster Shopper Confidence
Walmart, Maybelline Use AR to Foster Shopper Confidence
January 31, 2024  |  Retail

Retailers are embracing augmented reality (AR) to improve consumer experiences, leave a lasting impact, foster greater confidence in the brand, and ultimately encourage purchases. This...

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Epic Games: Apple Not Complying With Outside Payment Rules
Epic Games: Apple Not Complying With Outside Payment Rules
January 31, 2024  |  Legal

Apple said earlier this month it would open its App Store to permit outside payment options. However, Epic Games — which has been battling the iPhone maker in...

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The 216 Million Reasons Why Mango, LensCrafters and Worldline Are Betting on the Metaverse
The 216 Million Reasons Why Mango, LensCrafters and Worldline Are Betting on the Metaverse
January 31, 2024  |  Metaverse

As technology advances, the metaverse is growing, offering immersive experiences, social connectivity, and economic opportunities.  Embracing the same sentiment, Spanish retailer Mango has entered the...

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Mondelez Looks to Healthier Snacks to Whet Consumers’ Appetites
Mondelez Looks to Healthier Snacks to Whet Consumers’ Appetites
January 30, 2024  |  Earnings

Global snack and candy giant Mondelez International is pivoting its focus to healthier chocolate.  Reporting on the fourth quarter of 2023, Mondelez, which owns brands like Oreo,...

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