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Feature market insights and perspectives from top C-Level executives, elite technology influencers and thought leaders from your company here. This signature initiative has garnered immense support...
iotworldtoday | February 10, 2020
Retail finds itself in a dilemma. Consumer preferences are changing at a rapid clip but few physical stores have the funds to overhaul operations to woo online shoppers. As a result, retail stores feel the pressure. In 2019, some 9,300 stores shuttered, which was 35% more than a year before. While some retailers seek to stay afloat by downsizing, cost-cutting alone is not a winning strategy, said Chris Kocher, managing director at management consulting firm Grey Heron. “Traditional retaile...
freshfruitportal | February 03, 2020
Things in the U.S. grocery world are becoming more and more competitive as powerhouse retailers anticipate disruption from Amazon, A newly released UBS report details that Walmart and Kroger remain the top leaders in the industry, with their combined market share accounting for about 30% of the sector - a number consistent since 2017. Walmart - combined with its Sam's Club chain - still dominates with 21.3% of the market last year. Kroger comes in second with a share of 9.9%. In contra...
pymnts | March 29, 2020
Earlier this month, a record number of Americans 3.3 million filed for unemployment benefits. Consumer sentiment, as reported last week, dipped to a three-and-a half-year nadir, brought down by lingering fears over COVID-19, the disease caused by the coronavirus, and the increasingly “new normal” of social distancing. The latest reading came in at 89.1, the lowest showing since October 2016, according to CNBC. To get a sense of the magnitude of the drop, the reading in February was 1...
CIT Group | February 17, 2020
US-based business and commercial financing company CIT Group has released an upgraded point-of-sale financing platform for small businesses. The platform, operated through the CIT Small Business Solutions unit, allows businesses to finance equipment and supply purchases of USD 2,500 or more through a seamless process and also works online and through mobile devices. The program allows customers to obtain financing from 12 to 60 months and has automated the process, using e-signatures and integra...
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