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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.
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 […]
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 […]