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)

The AI Revolution in Retail: Opportunities and Risks
The AI Revolution in Retail: Opportunities and Risks
December 08, 2023  |  Artificial Intelligence

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

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Walmart Monitors Consumer Appetite; Amazon Bags More Grocery Aisle Space 
Walmart Monitors Consumer Appetite; Amazon Bags More Grocery Aisle Space 
December 08, 2023  |  Retail

As Walmart is observing a reduction in customers’ grocery expenses due to the use of appetite-suppressing medications, Amazon is exploring opportunities with third-party grocery providers...

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Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
Nearly 1 in 4 Millennials Shop for Non-Grocery Retail Items From Their Phones
December 08, 2023  |  Mobile Wallets

With the advent of smartphones, consumers have embraced the convenience of shopping from the palm of their hand, resulting in a significant transformation in their...

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Lululemon’s Cult Status Faces Checkout Uncertainty 
Lululemon’s Cult Status Faces Checkout Uncertainty 
December 07, 2023  |  Retail

When it comes to Lululemon and its customers, the brand seems to create a retail cult following, leaving many to wonder: What’s the secret sauce...

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Levi Strauss Takes Next Steps in Previously Announced Leadership Transition
Levi Strauss Takes Next Steps in Previously Announced Leadership Transition
December 07, 2023  |  Retail

Levi Strauss & Co. (LS&Co.) has announced the next steps in a leadership transition plan announced about 13 months ago. President and CEO Chip Bergh will retire...

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Dollar General Fine Tunes Strategy to Enhance Shopper Experience 
Dollar General Fine Tunes Strategy to Enhance Shopper Experience 
December 07, 2023  |  Earnings

If you’re not hearing an echo this quarter in the world of retail, you might not be tuned in. The key theme this quarter has...

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Affirm CEO Levchin Says BNPL Helps Consumers Make Sound Decisions
Affirm CEO Levchin Says BNPL Helps Consumers Make Sound Decisions
December 07, 2023  |  BNPL

Affirm Holdings CEO Max Levchin says the buy now, pay later (BNPL) industry offers an alternative to high-interest credit cards. This model allows customers to...

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Meal Kit Subscriptions Eat Away at Brick-and-Mortar Grocers’ Market Share
Meal Kit Subscriptions Eat Away at Brick-and-Mortar Grocers’ Market Share
December 07, 2023  |  Consumer Insights

With consumers getting pre-portioned ingredients from online subscriptions, PYMNTS Intelligence reveals, many are spending less time shopping for groceries in stores. By the Numbers The...

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Kroger Continues Nutritional Push With Soda Health Partnership
Kroger Continues Nutritional Push With Soda Health Partnership
December 07, 2023  |  Retail

Kroger has teamed with Soda Health to give consumers greater access to pharmacy and nutrition services. The companies’ “Smart Benefits” partnership combines Kroger Health’s services with Soda Health’s “&more”...

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