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

Amazon Grabs 8.8% of Gross Retail Spending to Outpace Walmart

Amazon Grabs 8.8% of Gross Retail Spending to Outpace Walmart
Amazon Grabs 8.8% of Gross Retail Spending to Outpace Walmart
July 14, 2022  |  Retail

Amazon is maintaining its retail dominance, capturing 8.8% in gross retail spending compared to Walmart’s 8.2% in the second quarter of 2022, PYMNTS reported in...

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Amazon, Walmart Incentivize eGrocery Spending with Deal Days
Amazon, Walmart Incentivize eGrocery Spending with Deal Days
July 14, 2022  |  Retail

As mega-retailers compete for consumers’ food spending, Amazon is pulling out all stops to minimize Walmart’s grocery lead. During its Prime Day event Tuesday and...

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Amazon, Walmart Lead Retail Innovation as Spiraling Packaging Costs Can’t Be Ignored
Amazon, Walmart Lead Retail Innovation as Spiraling Packaging Costs Can’t Be Ignored
July 14, 2022  |  Retail

As the widespread and indiscriminate impact of inflation puts increasing strain on consumers and businesses alike, retailers and their suppliers have begun to seek savings...

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Global Market Shifts Pave the Way for Agnostic Payments Orchestration
Global Market Shifts Pave the Way for Agnostic Payments Orchestration
July 14, 2022  |  Opinion

Retailers and merchant aggregators are increasingly valuing independence and the flexibility to use whichever payment service is best for their needs, Spreedly CEO Justin Benson...

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Amazon Delivers Biggest Prime Day Event Ever
Amazon Delivers Biggest Prime Day Event Ever
July 14, 2022  |  Amazon

Proclaiming “this year’s event the biggest Prime Day event in Amazon’s history,” Amazon said the first of this year’s two Prime Day events saw over...

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Fast Retailing Raises Annual Earnings Expectations After Record Q3 Showing
Fast Retailing Raises Annual Earnings Expectations After Record Q3 Showing
July 14, 2022  |  Retail

Uniqlo parent company Fast Retailing is joining others in the fast fashion world by raising prices on fleece items at a time when shoppers are...

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Savers Value Village Names Ollie’s Bargain Outlet Vet Jay Stasz as New CFO
Savers Value Village Names Ollie’s Bargain Outlet Vet Jay Stasz as New CFO
July 14, 2022  |  Personnel

Thrift retail operator Savers Value Village has named Jay Stasz, a six-year veteran of Ollie’s Bargain Outlet, as its new chief financial officer (CFO), according...

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For Consumers at Checkout, Cash Back, Not Coupons, Is King
For Consumers at Checkout, Cash Back, Not Coupons, Is King
July 14, 2022  |  Loyalty & Rewards

Unraveling mysteries of the consumer psyche stumps the best of them, but this much seems clear: Consumers react differently to discounts versus cash back, and...

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Deliveroo UAE Debuts Rapid Delivery Grocery Service
Deliveroo UAE Debuts Rapid Delivery Grocery Service
July 13, 2022  |  Delivery

Deliveroo UAE is rolling out a rapid grocery delivery service called Deliveroo Hop, a store that in partnership with retailer Choithrams will offer deliveries in...

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