Retail News & Headlines
July 21, 2021
Top stories in retail news and the business headlines that interest us today.
Retailers Turn to Price Optimization
“For retailers, inflation represents another hurdle in a long list of pandemic-induced volatilities. From panic buying and store closures to operating restrictions and supply chain shortages, to new consumer behavior shifts and revenge shopping, retailers have had a lot to contend with.
This widespread unpredictability has also wreaked havoc on traditional pricing practices based on supply and demand. And now, with the rising costs of goods squeezing already squeezed margins, retailers are turning to science — particularly, artificial intelligence (AI) pricing technologies — to find relief.”
Wedding Industry Sees Surge
CNBC — Couple are ready to ‘go all out’ as wedding industry sees surge in business, says The Knot CEO
“Weddings, including those with larger budgets, are on the comeback after the pandemic forced widespread nuptial delays, Timothy Chi, CEO of wedding-planning website company The Knot Worldwide, told CNBC on Friday.”
Uber Partners with Costco
The Dallas Morning News — Uber partners with Costco for grocery delivery in Dallas, other Texas cities; no membership required
“Uber has partnered with wholesaler Costco, which will allow users to order groceries from their local Costco warehouses in Dallas, Austin and Houston and get them in a matter of hours beginning Wednesday.
Ordering is available on both the Uber and Uber Eats apps and will require a $35 minimum for all orders. Users will initially be able to order from 25 store locations across Texas, and the company plans to make seven additional Costco locations available to users in the coming weeks.
It’s waiving delivery fees for members of its Uber Pass and Uber Eats Pass programs, and you don’t have to be a Costco member to order groceries through Uber, according to the company.”
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