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

Cross-Border Wholesale Marketplace Faire Nets $400M on $12.4B Valuation

Cross-Border Wholesale Marketplace Faire Nets $400M on $12.4B Valuation
Cross-Border Wholesale Marketplace Faire Nets $400M on $12.4B Valuation
November 22, 2021  |  Retail

Online wholesale marketplace Faire has closed a $400 million Series G round, which will allow it to continue working on its marketplace for smaller retailers,...

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Walmart Calls Livestreamed Shopping Shows on Twitter ‘Future of Retail’
Walmart Calls Livestreamed Shopping Shows on Twitter ‘Future of Retail’
November 22, 2021  |  Social Commerce

In the spirit of living and learning, Walmart said Monday (Nov. 22) it is taking the knowledge gained from 15 livestreamed shopping events it hosted...

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23% Global eCommerce Spike Coming Between Thanksgiving and Cyber Monday
23% Global eCommerce Spike Coming Between Thanksgiving and Cyber Monday
November 22, 2021  |  Retail

Digital payment software platform ACI Worldwide expects a 23% global spike from 2020 in eCommerce between Thanksgiving and Cyber Monday, according to a press release,...

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Today in Retail: Brands Bet Big on the Metaverse; Authentic Brands Tables IPO Plans
Today in Retail: Brands Bet Big on the Metaverse; Authentic Brands Tables IPO Plans
November 22, 2021  |  Retail

In today’s top retail news, Gucci, Nike and other big brands are betting that consumers will want their virtual personas to wear the same gear...

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Walmart’s First Drone Deliveries Take off in Arkansas
Walmart’s First Drone Deliveries Take off in Arkansas
November 22, 2021  |  Delivery

Walmart is taking to the skies. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

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Empty Shelves Test Grocery Store Customer Loyalty
Empty Shelves Test Grocery Store Customer Loyalty
November 22, 2021  |  Retail

Grocers are already seeing supply chain challenges impact their ability to meet demand this holiday season. Lakeland, Florida-based supermarket chain Publix, which operates 1,289 stores...

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Merchants Lose 2% of Sales Every Year to Return and Promotion Policy Abuse
Merchants Lose 2% of Sales Every Year to Return and Promotion Policy Abuse
November 22, 2021  |  Retail

Policy abuse can cause retailers to lose more than 2% of their revenue each year, and yet only 46% of firms use internal technology to...

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Handbag Reseller Marque Luxury Nets $20M 
Handbag Reseller Marque Luxury Nets $20M 
November 22, 2021  |  Investments

The pre-owned luxury goods provider Marque Luxury has landed $20 million in funding provided by Provident Capital Partners.  Get the Full Story Complete the form...

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China’s DHgate Teams with Google to Drive Joint Marketing Solution
China’s DHgate Teams with Google to Drive Joint Marketing Solution
November 22, 2021  |  Partnerships / Acquisitions

China’s B2B cross-border eCommerce marketplace DHgate partnered with Google to launch a joint advertisement solution for the 2.3 million exporters selling on its marketplace. Get...

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