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)

Nearly Half of High-Income Consumers Purchased Secondhand Products in 2023
Nearly Half of High-Income Consumers Purchased Secondhand Products in 2023
January 11, 2024  |  Retail

Despite the monthly inflation rate staying below 4% from June 2023 to November 2023, stagnant wages and rising prices have prompted consumers to adjust their...

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Online Sales Led Increased Revenue Expectations for Main Street SMBs in 2023
Online Sales Led Increased Revenue Expectations for Main Street SMBs in 2023
January 11, 2024  |  SMBs

With prices at high levels most of the year and with the overall economy recording moderate growth, 2023 was a challenging year for businesses, especially...

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Sway Raises $19.5 Million to Enable ‘Customer-Centric’ Delivery and Returns 
Sway Raises $19.5 Million to Enable ‘Customer-Centric’ Delivery and Returns 
January 11, 2024  |  Investments

Sway, formerly known as ReturnMates, has rebranded and raised $19.5 million in a Series A round to build a “customer-centric” delivery and returns platform.  The...

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Amazon’s Buy With Prime Expansion Has Potential to Remake the eCommerce Landscape 
Amazon’s Buy With Prime Expansion Has Potential to Remake the eCommerce Landscape 
January 11, 2024  |  eCommerce

In recent years, Amazon’s Buy With Prime program has undergone significant expansions, transforming the landscape for both the eCommerce giant and the retailers who join...

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Victoria’s Secret Turns to AI for Product Recommendations
Victoria’s Secret Turns to AI for Product Recommendations
January 11, 2024  |  artificial intelligence

Victoria’s Secret hopes to soon let its customers turn to AI for product recommendations. The apparel retailer has teamed with Google Cloud for a partnership that involves...

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DoorDash Adds Five Retailers to On-Demand Delivery Marketplace 
DoorDash Adds Five Retailers to On-Demand Delivery Marketplace 
January 11, 2024  |  Retail

On-demand delivery platform DoorDash has added five new retail partners to its marketplace.  Camping World, Golf Galaxy, JD Sports, Finish Line and The Vitamin Shoppe now offer consumers access to their products through...

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Is Rent the Runway Struggling or Strategically Recalibrating? 
Is Rent the Runway Struggling or Strategically Recalibrating? 
January 11, 2024  |  Retail

Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative...

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Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
Two-Thirds of Merchants Ignore Potential Fraud as a Cause of Failed Payments
January 11, 2024  |  Fraud Prevention

Many eCommerce merchants fail to connect the dots between fraud detection and failed payments. In fact, just one-third of merchants employ mechanisms that detect potential...

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RetailMeNot Says Consumers Start With Deals and Stay for Brands or Retailers
RetailMeNot Says Consumers Start With Deals and Stay for Brands or Retailers
January 11, 2024  |  Retail

In the narrative of the retail scene, the consistent theme over the last two years has been the influence of inflation on consumer spending. However,...

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