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)

Walmart Aims to Become ‘Customer’s Concierge’ With Latest Retail Technologies
Walmart Aims to Become ‘Customer’s Concierge’ With Latest Retail Technologies
January 09, 2024  |  Retail

The future of commerce will be “customer-centric, interconnected, frictionless and consistently exceeds expectations.” So said Walmart in a Tuesday (Jan. 9) press release describing some of its latest retail...

READ MORE >
Microsoft’s Azure OpenAI Service Boosts Walmart’s AI-Powered Tools
Microsoft’s Azure OpenAI Service Boosts Walmart’s AI-Powered Tools
January 09, 2024  |  artificial intelligence

Microsoft’s Azure OpenAI Service contributes to many of the new generative artificial intelligence (AI)-powered tools that Walmart has rolled out for its shoppers and associates. As the retailer builds...

READ MORE >
Alibaba.com to Add Instant Help Feature to AI-Powered Smart Assistant
Alibaba.com to Add Instant Help Feature to AI-Powered Smart Assistant
January 09, 2024  |  artificial intelligence

Alibaba.com will soon add an Instant Help feature to its artificial intelligence (AI) global sourcing tool called Smart Assistant. The new Instant Help feature will...

READ MORE >
Rent the Runway Cuts 10% of Corporate Staff 
Rent the Runway Cuts 10% of Corporate Staff 
January 09, 2024  |  Retail

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it...

READ MORE >
Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation
Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation
January 09, 2024  |  Retail

Carrefour-PepsiCo Spat Comes as Grocers Step Up Efforts to Manage Inflation As rising food prices alienate grocery customers, merchants are beginning to throw their weight...

READ MORE >
Digital Growth Compounds Grocers’ Margin Pressures
Digital Growth Compounds Grocers’ Margin Pressures
January 09, 2024  |  Retail

Consumers’ increasing adoption of grocers’ in-house eCommerce options is eating into the retailers’ margins amid ongoing financial challenges. Grocery giant Albertsons Companies, Inc., which has...

READ MORE >
Retail Theft and Shrink Reports Have Investors Seeking Answers
Retail Theft and Shrink Reports Have Investors Seeking Answers
January 09, 2024  |  Retail

Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety...

READ MORE >
Amazon Sizes Up Trillion-Dollar Returns Challenge, Enlists AI for Perfect Fit Solution 
Amazon Sizes Up Trillion-Dollar Returns Challenge, Enlists AI for Perfect Fit Solution 
January 09, 2024  |  eCommerce

Amazon wants you to feel confident while shopping at home. They want you to make more confident purchasing decisions, and they want to lower the...

READ MORE >
Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
Consumer Group Aims to Close Quarter-Billion ‘Gift Card Loophole’
January 09, 2024  |  Retail

A consumer group is campaigning to change Washington state’s 20-year-old gift card law. As noted in a recent Ars Technica report, the Washington Consumer Protection Coalition (WCPC)...

READ MORE >