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)

Jingle All the Year: The Connected Economy Transforms Christmas in July
Jingle All the Year: The Connected Economy Transforms Christmas in July
July 04, 2024  |  Retail

Amid the sun-soaked days of July, a surprising holiday has taken gained popularity over the last 90 years: Christmas in July. Once one summer camp’s...

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5 Metrics to Elevate Your Loyalty Program
5 Metrics to Elevate Your Loyalty Program
July 04, 2024  |  Loyalty & Rewards

Brands use loyalty programs to increase sales, acquire and retain members, enhance the customer experience and create advocates. Return on investment (ROI) is foremost among...

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Shoprite Launches eCommerce Service for Wholesale Buyers
Shoprite Launches eCommerce Service for Wholesale Buyers
July 03, 2024  |  eCommerce

Shoprite is launching an eCommerce service for its Cash and Carry stores to streamline wholesale purchases. The South African wholesale brand is making its venture...

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Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
Report: Amazon Taking Minority Stake as Saks Buys Neiman Marcus
July 03, 2024  |  Acquisitions

Saks Fifth Avenue parent company HBC will reportedly buy rival Neiman Marcus, with Amazon taking a minority stake in the new company. The boards of...

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Walmart+ Subscribers Break the 30% Mark
Walmart+ Subscribers Break the 30% Mark
July 03, 2024  |  Subscription Commerce

As Walmart and Amazon leverage their paid membership programs to drive loyalty, the former is seeing millennials prove to be the most eager to subscribe....

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Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
Mastercard and Alipay Expand ‘Consumer Friendly Zones’ in China
July 03, 2024  |  Travel Payments

Mastercard is expanding its travel payments partnership with China’s Ant Group. The companies announced Wednesday (July 3) that they — along with 12 overseas payment partners of Ant...

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Resale Firms Struggle to Profit in Growing Secondhand Apparel Market
Resale Firms Struggle to Profit in Growing Secondhand Apparel Market
July 03, 2024  |  Retail

While more people are embracing the idea of buying and selling secondhand clothing, companies specializing in selling these items are reportedly facing challenges in turning...

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Shop Talk: Consumers Return to Brick-and-Mortar Grocery for Summer
Shop Talk: Consumers Return to Brick-and-Mortar Grocery for Summer
July 03, 2024  |  Retail

As grocery shoppers settle into the warmer months, many are shifting away from eCommerce back to brick-and-mortar stores with more time to make their food...

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Lenovo and Trustly Team to Offer Open Banking at Checkout
Lenovo and Trustly Team to Offer Open Banking at Checkout
July 03, 2024  |  Partnerships

Swedish tech firm Lenovo is offering open banking at checkout via a partnership with Trustly. The collaboration, announced Wednesday (July 3), is open to Lenovo customers in the U.K. and...

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