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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.
How technology is changing the way Indians eat The online food delivery market in India is booming. In 2021, the market was worth $3.5 billion and is expected to grow to $10 billion by 2025. Several factors drive this growth, including the increasing popularity of smartphones, the growing middle class, […]
Dark stores are a new and innovative way to fulfill online orders. They are essentially warehouses used to store and pick products for delivery. Dark stores offer many benefits for retailers and consumers, including faster delivery times, a more comprehensive selection of products, and lower costs. If you are considering […]
Ghost kitchens need to manage inventory and logistics effectively. One of the best ways to overcome these challenges is to collaborate with food delivery platforms and other partners. Working with these partners can expand your reach, increase sales, and improve your bottom line. Choosing the right partners When choosing partners, […]
Opsi is a cloud-based workflow application that helps chefs and hospitality teams streamline operations. The platform provides a centralized hub for staff communications, operational checklists, and digitized recipes and prep lists. Opsi’s features can help cloud kitchens save time and improve efficiency, leading to increased profitability. Opsi’s platform is designed […]
Burger King is one of the most popular fast-food chains in the world, with more than 18,000 restaurants in over 100 countries. However, in recent years, the brand has faced some challenges in the U.S. market, such as declining sales, rising costs, store closures, and bankruptcy filings by some franchisees. […]
The sandwich chain announced that it is going through a sale exploration process. Subway, the privately owned sandwich chain based in Milford, Connecticut, has announced that it is considering a potential sale of the company. This comes after weeks of rumors about a possible deal, with a Wall Street Journal […]
According to TechCrunch, instant grocery delivery company JOKR has raised approximately $50 million in a Series C investment on a $1.3 billion post-money valuation. The funding, which G Squared led with participation from GGV Capital, Tiger Global Management, and HV Capital, was buoyed by existing investors. JOKR has raised $480 […]
Patty’s Cakes and Desserts, a retail storefront bakery in Fullerton, California, faced a significant challenge when delivery demand quadrupled during the pandemic. The company previously used a third-party delivery service, but when the pandemic hit and the service shut down, Patty’s Cakes and Desserts was left without a delivery option. […]
Point of Sale (POS) systems are an endless source of insight that can help retailers build customer relationships and boost brand loyalty. POS systems have sophisticated customer shopping behavior analytics, providing valuable insight to help retailers build a promotional sales calendar, create content about popular products, and offer data-backed marketing […]
Payment processing company Stripe aims to go public within a year, using either a direct listing or private market transaction. Sources familiar with the matter revealed that the start-up is exploring its options with Goldman Sachs and JPMorgan. Stripe has suffered from the economic downturn, with its internal valuation cut […]