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)

Convenience Retail Giants Embrace Click-and-Mortar™ Tech to Bridge Digital-Physical Gap
Convenience Retail Giants Embrace Click-and-Mortar™ Tech to Bridge Digital-Physical Gap
April 09, 2024  |  Retail

As consumers increasingly engage across brick-and-mortar and digital channels, convenience retailers are integrating new technologies into the in-store experience. According to a recent report from...

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Best Buy Teams With Google on AI-Powered Virtual Assistant
Best Buy Teams With Google on AI-Powered Virtual Assistant
April 09, 2024  |  Partnerships

Best Buy teamed with Google and Accenture on new artificial intelligence-powered offerings for customers. The electronics retailer will begin letting customers get help from an AI-powered virtual assistant, which can...

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Cognizant Partners With Shopify as eCommerce Platforms Challenge Amazon
Cognizant Partners With Shopify as eCommerce Platforms Challenge Amazon
April 09, 2024  |  eCommerce

Shopify is calling in reinforcements as eCommerce solution providers aim to equip brands and retailers to hold their own against Amazon. Cognizant, which provides digital solutions, technology...

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Banyan CEO: Chase’s Media Move Highlights Value of Customer Data
Banyan CEO: Chase’s Media Move Highlights Value of Customer Data
April 09, 2024  |  Connected Economy

Banks need new revenue streams. Retailers (and other businesses operating with razor-thin margins) need to fine-tune their go-to-market strategies and gain higher returns on marketing...

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Luxury Firms Compete for Buildings on Fifth Avenue
Luxury Firms Compete for Buildings on Fifth Avenue
April 08, 2024  |  Retail

Luxury firms Chanel and LVMH are reportedly competing to become the new owner of a building on Manhattan’s Fifth Avenue. Both companies have been in talks to buy the...

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Amazon’s ‘Just Walk Out’ Pivot: Reimagining Tech
Amazon’s ‘Just Walk Out’ Pivot: Reimagining Tech
April 08, 2024  |  Amazon

Amazon is scaling back its artificial intelligence (AI) system that lets customers leave stores without having to provide payment, and experts say there are lessons to...

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Alipay Launches ‘Consumer Friendly Zones’ in China
Alipay Launches ‘Consumer Friendly Zones’ in China
April 08, 2024  |  Retail

Alipay has launched a series of “International Consumer Friendly Zones” in China. The company’s owner, owned by China’s Ant Group, announced Monday (April 8) it...

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Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
April 08, 2024  |  Buy Now Pay Later

Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges....

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Consumers Want to Buy Retail Products via a Super App
Consumers Want to Buy Retail Products via a Super App
April 08, 2024  |  Consumer Insights

The majority of consumers in the United States and Australia want the option to buy retail products online from a single, unified platform that spans...

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