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  2. Discounts and allowances - Wikipedia

    en.wikipedia.org/wiki/Discounts_and_allowances

    Trade discounts are given to try to increase the volume of sales being made by the supplier. The discount described as trade rate discount is sometimes called "trade discount". Trade discount is the discount allowed on retail price of a product or something. for e.g. Retail price of a cream is 25 and trade discount is 2% on 25.

  3. COVID-19 pandemic accelerated shift to e-commerce by 5 years ...

    techcrunch.com/2020/08/24/covid-19-pandemic...

    In the first quarter of 2020, department store sales and those from other “non-essential” retailers declined by 25%. ... buy online and pickup in store (BOPIS), and will need to offer an ...

  4. Everyday low price - Wikipedia

    en.wikipedia.org/wiki/Everyday_low_price

    A 1994 study of an 86-store supermarket grocery chain in the United States concluded that a 10% EDLP price decrease in a category increased sales volume by 3%, while a 10% high-low price increase led to a 3% sales decrease. Because consumer demand at the supermarket did not respond much to changes in everyday price, an EDLP policy reduced ...

  5. E-commerce - Wikipedia

    en.wikipedia.org/wiki/E-commerce

    E-commerce (electronic commerce) is the activity of electronically buying or selling products on online services or over the Internet.E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.

  6. Retail apocalypse - Wikipedia

    en.wikipedia.org/wiki/Retail_apocalypse

    Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic. [2] [3] In 2017 alone, more than 12,000 physical stores closed. The reasons included debt and bankruptcy in the face of rising ...

  7. Pandemic helped drive Walmart e-commerce sales up 97% in ...

    techcrunch.com/2020/08/18/pandemic-helped-drive...

    Today, Walmart offers grocery pickup at 3,450 locations and same-day delivery at 2,730 stores. Since February, it has expanded time slots by 30% to help meet consumer demand.

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