Özgür Özkök
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.
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 […]
Coca-Cola has announced that it will work with OpenAI to explore using artificial intelligence (AI) in marketing. The drinks giant has identified several potential marketing use cases for OpenAI’s technology, which includes generative AI models that can produce original content such as images and text. The company will work with […]
The decision to close eight of the Go stores is seen as part of Amazon’s broader effort to cut costs and optimize its portfolio of physical stores. The company faces slowing sales and a worsening economic outlook and has been taking steps to curtail expenses in its grocery unit and […]
Zerocater, a business catering and food services startup, has raised $15m in Series C funding to double down on its business with a broader geographical footprint and more artificial intelligence (AI) and analytics to improve its services. Led by Cleveland Avenue, the funds will be used to expand its reach […]
The launch of a new Neapolitan pizza chain, The Pizza People, in collaboration between Bigspoon, a cloud kitchen brand, and its celebrity investor, Mouni Roy. The brand is starting with 35 outlets across 15 cities, with plans to expand to 50 outlets in 25 cities. The pizza toppings and the […]
A new Taco Bell restaurant in the Las Vegas valley is changing the fast food industry with its innovative approach to the drive-thru. The location opened about a month ago and is a “grab and go” site with two drive-thru lanes, one of which is exclusively for delivery drivers. Unlike […]
Panera guests in Webster and Greece, NY, will be among the first to experience AI Ordering in Drive-Thru. Panera Bread, a popular chain of bakery cafes, has begun testing AI technology in drive-thru lanes to improve the guest experience. With support from OpenCity, select Panera locations in the greater Rochester, […]
‘Wow, the first time I’ve seen this.’ ALDI is a German discount supermarket chain. It was founded by brothers Karl and Theo Albrecht in 1946 and is currently headquartered in Essen, Germany. ALDI operates over 10,000 stores in over 20 countries worldwide, primarily in Europe and North America. It is […]
Egyptian start-up Brito has raised $1.25m in pre-seed funding from a Central Bank of Egypt initiative and angel investors to establish itself as a standout player in the country’s emerging cloud kitchen market. Brito, founded in February by CEO Rania Reda and Mo’nes Sadeq, differs from most of the eight […]
New York-based At-Your-Service Software is updating its ReciProfity food costing software to better serve retail food service clients. The cloud-based software enables invoice scanning and input by email, saving operators up to five hours of labour per week. The software is tailored to the needs of retail food service, which […]