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)

Citcon and Alipay Partner to Offer International e-Wallet Payments
Citcon and Alipay Partner to Offer International e-Wallet Payments
December 07, 2023  |  Payment Methods

Payment service provider Citcon has launched a partnership with cross-border mobile payment platform Alipay+. The collaboration, announced in a news release Thursday (Dec. 7), is designed to allow...

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Scentbird Sees Giftable Subscriptions Capture Consumers’ Last-Minute Holiday Spending
Scentbird Sees Giftable Subscriptions Capture Consumers’ Last-Minute Holiday Spending
December 07, 2023  |  Subscriptions

With last-minute gifting providing a valuable opportunity for companies that can offer consumers an immediate solution, Scentbird is seeing its giftable subscriptions drive eleventh-hour holiday...

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Citi Teams With FreedomPay to Offer Payments Choice at Checkout
Citi Teams With FreedomPay to Offer Payments Choice at Checkout
December 07, 2023  |  Payment Methods

Payments platform FreedomPay has teamed with Citi to enable Citi Pay products at point-of-purchase. “This collaboration provides consumers with flexibility in selecting their preferred lending solutions at the point-of-sale, further enhancing...

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Gen Z Tops Millennials on Social Media Shopping and Spending
Gen Z Tops Millennials on Social Media Shopping and Spending
December 07, 2023  |  Social Commerce

Generation Z consumers are more likely to use Instagram and TikTok to search for products than other generations. They often turn to social media to...

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77% of Retailers Rank Generative AI as the Most Impactful Emerging Technology
77% of Retailers Rank Generative AI as the Most Impactful Emerging Technology
December 07, 2023  |  Artificial Intelligence

The rise of large language models (LLMs) such as ChatGPT has thrust generative artificial intelligence (AI) into the driver’s seat of retail technologies, prompting brands...

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Ollie’s Bargain Outlet Says It Was Built for This Economy
Ollie’s Bargain Outlet Says It Was Built for This Economy
December 07, 2023  |  Retail

As prices go up and people feel the pinch in their wallets due to inflation, Ollie’s Bargain Outlet is standing out as the go-to place...

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Consumers May Trim Spending, but Not on Fido, Chewy Says 
Consumers May Trim Spending, but Not on Fido, Chewy Says 
December 06, 2023  |  Retail

This retail season, the spotlight is on customer value, and Chewy is serving it up to its customers who foot the bill for their furry...

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15% of Consumers Buy Online to Control Time Spent Shopping
15% of Consumers Buy Online to Control Time Spent Shopping
December 06, 2023  |  eCommerce

Online retail subscriptions have revolutionized the way consumers shop, providing convenience and personalized experiences that cater specifically to individual preferences and needs.  This shift in...

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Walmart CEO: Next Year’s Spending Patterns Tough to Forecast
Walmart CEO: Next Year’s Spending Patterns Tough to Forecast
December 06, 2023  |  Retail

Walmart’s CEO says it’s difficult to project what the retailer’s post-holiday sales will look like. Speaking with CNBC Wednesday (Dec. 6), Doug McMillon said that higher credit...

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