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Retail is the sale of goods or services to consumers, in contrast to wholesaling, which is the sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit.
Retailers, from producers to consumers, are the final link in the supply chain.
Domino’s Pizza, on Thursday, revealed an unexpected decline in its quarterly same-store sales. However, the company remains optimistic about a resurgence in U.S. demand. They are banking on their revamped loyalty program and various promotional offers to counterbalance the diminishing benefits of their elevated menu prices. The news is “Domino’s […]
Coffee, especially the popular arabica variety, is under threat due to climate change. Recognizing the challenges posed by rising temperatures, Starbucks, which purchases about 3% of the world’s coffee, is proactively developing new arabica varieties. These varietals are specifically cultivated to be more resilient in a changing climate. For over […]
Waitrose, a prominent supermarket under the John Lewis Partnership, is reportedly discussing selling its groceries through the e-commerce giant’s platform with Amazon. This move is a strategy to attract more customers and regain market share. The Sunday Telegraph revealed this potential third-party deal, noting that Amazon had recently forged a […]
Target has recently decided to shut down nine of its stores located in major cities. The primary reason for this move is the continuous large-scale theft occurring at these locations. This action by Target indicates the challenges retailers face in their ongoing fight against an escalating and complicated issue. Key […]
The ghost kitchen industry, which saw a surge in popularity and investment during the pandemic, seems to be facing a downturn. Between 2020 and 2022, startups in this sector attracted over $3 billion in venture capital, with companies like Reef Technology and CloudKitchens, founded by Uber’s Travis Kalanick, securing a […]
Catapult Concepts, spearheaded by Jake Schostak, is revolutionizing the virtual restaurant space by introducing a new operational model emphasizing simplicity and efficiency. Schostak, who has a rich background in the restaurant business, including roles at Chipotle and Sweetgreen, founded the company to address the challenges faced by independent restaurants, especially […]
Tray, a cloud-based point-of-sale (POS) provider that operates on legacy hardware has announced a strategic partnership with Alraedah Digital Solutions, a Saudi Arabia-based digital solutions provider. This collaboration aims to cater to the needs of small and medium-sized enterprises (SMEs) and larger clients across various industries in the MENA region, […]
The Canadian Food Innovation Network (CFIN), a non-profit organization, is at the forefront of fostering innovation in Canada’s food industry, helping to grow the economy through collaborations, investments, and connections across the food ecosystem. The organization is keen on translating insights from its Innovation Advisory Council and members into funding […]
Singapore’s Food and Beverage (F&B) sector is grappling with a significant workforce shortage exacerbated by the COVID-19 pandemic. Despite the challenges, the industry saw a net increase of nearly 1,500 new companies in 2021, the highest in the past 30 years, indicating an oversaturation and intensifying competition for the workforce. […]
Nextbite, once a thriving virtual restaurant company, has faced several setbacks, including multiple layoffs and selling its technology arm, Ordermark, to UrbanPiper, an Indian company. Recently, it was acquired by SBE CEO Sam Nazarian, the leader of its former competitor, C3, marking a significant consolidation in the virtual restaurant sector. […]