PYMNTS

SEPTEMBER 30, 2020

And in business-to-business (B2B) payments, adopting automation for accounts receivable (AR) takes the struggle out of manually following up on overdue payments. Data: 400K: Minimum number of hours that Target’s store and distribution team members have completed this year in safety training. All this, Today in Data.

Accounting 52

Accounting Retail B2B Numbers 52

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Accounting 77

Accounting Advertising Valuation Investments 77

PYMNTS

SEPTEMBER 4, 2020

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. The eCommerce giant accounted for 3.2 percent of total retail) and the results are significant, considering Amazon’s revenue base.

Retail 99

Retail eCommerce Sales Numbers 99

VCFO

JUNE 2, 2023

Navigating a New Era of Retail – Three Financial and Operational Factors The market and operating environments of retail businesses have undergone dramatic transformations since the turn of the millennium; transformations that accelerated significantly more with the outset of the COVID pandemic.

Retail 64

Retail Finance Leverage Technology 64

The Charity CFO

JANUARY 13, 2022

But accounting for in-kind donations presents its own unique challenges. In this article, we’ll dig into how to account for in-kind donations on your nonprofit’s books. Why accounting for in-kind donations matters. Accounting for in-kind donations isn’t just important; it’s required for many nonprofit organizations. .

Nonprofit 98

Nonprofit Accounting GAAP Accounting Principles 98

PYMNTS

AUGUST 5, 2020

In retail technology, Yotpo is helping brands capture the digital shift by making a compressed marketing stack for online shopping. Data: 3,300: Number of employee participants in Macy’s Style Crew program. All this, Today in Data. 78%: Share of consumers who have changed how they pay for things to reduce contact.

Retail 105

Retail Startups Banking Numbers 105

PYMNTS

APRIL 3, 2019

Simply showing what the lowly, mundane, terribly average phone number can do in terms of securing transactions, onboarding and other tasks vital to the daily lives of digital consumers. Enter the phone number – which, as Meier told Webster, is possessed by more than 95 percent of people in the U.S. Verification Trends.

Numbers 59

Numbers Securities Accounting Banking 59

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

eCommerce 92

eCommerce Retail Sales Forecasting 92

Future CFO

MARCH 15, 2020

JK Capital started out in 2014 to provide short-term unsecured loans to small businesses primarily in the retail, service, and the food and beverage industries in the Philippines. As a CFO I don't just focus on finance and accounting or treasury, I always wanted to understand the whole business of the companies that I have joined.

Numbers 52

Numbers CFO Problem Solving Finance 52

CFO Share

MARCH 13, 2023

Managing accounts payable is critical for any business to maintain healthy cash flow and vendor relationships. Financial ratios are essential tools that help companies evaluate their financial performance, including their ability to manage accounts payable effectively. What is accounts payable in ratio analysis?

Accounts Payable 40

Accounts Payable Accounting Prioritization Healthcare 40

PYMNTS

SEPTEMBER 16, 2020

And in retail, companies in the organic mattress space are running on a tri-brid business model that covers direct to consumer (D2C), third-party retail distribution and owned retail locations. Data: 18 : Number of brick-and-mortar mattress stores operated by Naturepedic. All, Today in Data. 77%: Share of U.S.

Retail 56

Retail Banking Numbers Accounting 56

PYMNTS

NOVEMBER 25, 2020

Power and LMC Automotive forecasts that new vehicle retail sales for November 2020 will drop slightly from the same month the prior year, according to a Wednesday (Nov. Retail sales for new automobiles are forecast to be 1.04 A comparison of the same sales volume without factoring in the number of selling days leads to a 12.2

Forecasting 56

Forecasting Sales Retail Numbers 56

PYMNTS

SEPTEMBER 16, 2020

Retail sales increased in August to $537.5 Most of the retail categories saw improvements last month. Most of the retail categories saw improvements last month. General merchandise retailers saw sales increase to $60.3 June saw total retail sales rise to $524.3 retail and foodservice firms. . billion, up 0.6

Sales 87

Sales Retail Economics Accounting 87

PYMNTS

NOVEMBER 24, 2020

It became the first brick-and-mortar retailer to earn the majority of its revenue from eCommerce as 54 percent of its third-quarter take came from digital channels. “We In fact, 60 percent of the sales were conducted online with 80 percent of that number coming from loyalty program members. Digital sales accounted for $1.6

Retail 88

Retail eCommerce Sales Numbers 88

PYMNTS

JANUARY 2, 2019

Online glasses retailer Warby Parker was hit by a cybersecurity attack that affected about 198,000 of its customers from late September to late November, according to reports. The hackers stole usernames and passwords and tried to access accounts. Retail hacking is a frequent problem for large companies.

Accounting 74

Accounting Securities Retail Numbers 74

PYMNTS

MARCH 6, 2020

But how does it look by the numbers? The typical American household spends $65,960 per year, the largest share of which goes toward retail spending — 30.8 percent of total consumer retail sales as of 2019 and nearly half (49.4 eCommerce retail sales. gross retail sales were $86 billion. percent) of all U.S.

Numbers 77

Numbers eCommerce Healthcare Sales 77

PYMNTS

MARCH 4, 2020

Clothing company J.Crew said an unknown hacker accessed some of its customers’ online accounts almost a year ago, according to reports. Although the attack occurred in 2019, the company only now revealed that an unknown number of customers had been affected by the attack.

Accounting 72

Accounting Numbers Securities Retail 72

PYMNTS

SEPTEMBER 15, 2020

To that end, in China, retail data showed consumers snapped a seven-month streak decline. Retail sales posted their first gain amid the pandemic. All told, though, even with the positive reading last month, in China year to date, retail sales are down 8.6 percent year to date, and now account for roughly 24.6

Retail 68

Retail Sales Economics Accounting 68

PYMNTS

MARCH 11, 2020

Storefronts that provide services have exceeded the number of those offering clothes and other merchandise. Per a JLL report, the number of service-based retailers rose 20.5 million spaces, while retailers offering goods declined 4.5 Service retailers now comprise 52.6 percent of retail space in America.

Retail 52

Retail Forecasting Numbers eCommerce 52

PYMNTS

JULY 24, 2020

and Canadian online grocery delivery service, blamed reused passwords for the recent account hacks that led to the theft of its customers’ personal data that landed on the dark web. Instacart advised customers to select unique, strong passwords for their accounts that they do not use on any other apps or websites as an extra precaution.

Accounting 75

Accounting Communication Numbers Securities 75

PYMNTS

FEBRUARY 1, 2019

Earnings, earnings everywhere, and so what do the numbers tell us? We’ve given you a bit of a cheat sheet, or a refresher of sorts, as to what can be viewed as among the most important numbers coming out of the releases, the supplementals, the business units that give insight into where these firms have been and where they might be headed.

Numbers 46

Numbers Advertising Currencies Accounting 46

PYMNTS

JULY 15, 2020

In the automotive arena, sellers have implemented third-party technology such as virtual retailing to enable a completely digital vehicle sales process. Data: 15K : Number of Kim Kardashian’s perfume units that sold out within minutes when the celebrity appeared on a China livestreaming show. All this, Today in Data.

Technology 52

Technology Retail Sales Numbers 52

PYMNTS

APRIL 29, 2020

New developments are focusing on supply chain, government activity and infrastructure to improve the customer experience as post-pandemic retail finds its legs. Retailers that sign up for the new program will receive discounts of up to 40 percent on FedEx Ground and 50 percent on FedEx Express services.

Retail 61

Retail eCommerce Economics Investments 61

PYMNTS

MARCH 18, 2019

billion accounting fraud at South African retailer Steinhoff. Steinhoff first disclosed irregularities in its books in December 2017, but it wasn’t until PwC conducted and completed its investigation into the matter that the accounting fraud was revealed, Reuters reported on Friday (March 15).

Accounting 49

Accounting Auditing Valuation Retail 49

Global Finance

OCTOBER 29, 2024

As of October 31, 2023, the number of foreign workers in Japan reached a record high of 2,048,675, marking a 12.4% By industry, manufacturing accounts for the largest share at 27%, followed by the service industry at 15.7% and the wholesale and retail sector at 12.9%. increase), 412,501 technical internship trainees (20.2%

Manufacturing 105

Manufacturing Finance Retail Numbers 105

PYMNTS

JUNE 18, 2020

is comprising nearly half of the retail growth in the U.S. 85%: Proportion of retail sales that stores accounted for as of 2019. 9M: Number of customers Afterpay has attracted since its U.S. 16%: Percentage by which Chinese online retail sales are projected to rise for the year as a whole. All this, Today in Data.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

JUNE 14, 2019

A number of retailers have recently seen a surge in eCommerce sales. Now, it’s easier in some ways to be a late mover,” in retailing online, Sucharita Kodali, a retail analyst at Forrester Research, said in an interview, according to CNBC. percent increase.

eCommerce 59

eCommerce Retail Sales Leverage 59

PYMNTS

FEBRUARY 5, 2020

In finance, accounting is everything. Accounting for everything, especially when it comes to credit — in other words, taking stock and measure of where lending activities have been concentrated, where risk is and where losses may loom — is as much art as science. These are not only the concerns of big banks.

Accounting 63

Accounting Banking Forecasting CFO 63

PYMNTS

MAY 6, 2020

Retail must, and will, change following the coronavirus, with consumer behavior shifting from brick-and-mortar to eCommerce and merchants making adjustments to their inventory selections and safety measures. The retailer intends to open its approximately 800 North American retail locations again in May. Gap Inc. , Gap Inc. ,

Retail 57

Retail eCommerce Numbers Accounting 57

PYMNTS

DECEMBER 16, 2020

Amid the great digital shift , retailers and financial institutions (FIs) must walk the fine line between challenging transactions and letting the consumer journey proceed frictionless. And that’s a big number,” he told the panel. The Scope Of The Problem. The big question could be: ‘Could that put us over a billion in the U.S.

Retail 91

Retail Banking Education Numbers 91

PYMNTS

MARCH 10, 2020

In today’s top payment news, retail remains a bright spot in the markets, Ant Financial has rolled out a strategy for digital evolution in China, and the Consumer Financial Protection Bureau (CFPB) filed a suit against a Cincinnati-based bank. Payments Stocks Plummet While Retail Remains A Bright Spot.

Retail 79

Retail Marketing Healthcare eCommerce 79

PYMNTS

MARCH 12, 2020

In an interview with Karen Webster, David Weidner, senior director of Pelion Market Development at Arm , said that that data combined with machine learning (ML) is the key for retailers to build personalized shopping experiences across physical and online settings. It all adds up into billions of digital impressions, rendered in real time.

Retail 73

Retail eCommerce Numbers Sales 73

PYMNTS

APRIL 9, 2018

On digital resale platforms, daily new arrivals can number in the thousands. With thrifting, they can often spend even less than they would at those stores, while realizing more overall retail value. The sum of all those numbers is a deal few bargain hunters could resist. Then there are those who just love a bargain.

Numbers 60

Numbers Retail Accounting 60

PYMNTS

OCTOBER 3, 2016

Though for a few years there it really looked like it might simply become retail standard, it seems that starting the Thanksgiving weekend sales crush on Thanksgiving may fizzle out after all. According to reporting over the weekend, an increasing number of big retailers are actually taking the national day of thanksgiving off.

Retail 87

Retail Sales Numbers Accounting 87

PYMNTS

JUNE 13, 2019

Retail is getting more visual, and that stands to be the case for locally-focused merchants as they compete for attention and consumer dollars with the likes of Amazon and Walmart. Indeed, augmented reality is among the tools that local retailers look ready to adopt for further use. The current official number is 30 percent.”.

Retail 72

Retail Technology eCommerce Numbers 72

PYMNTS

FEBRUARY 3, 2020

Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. But it’s more than that.

Retail 69

Retail Sales Investments Budgeting 69

PYMNTS

NOVEMBER 30, 2020

But Coombs added that many entrepreneurs don’t have a choice, because costly professional services from accountants, lawyers, marketing firms or the like is often more than small businesses want to pay for (or can even afford to). Coombes said the company anticipates that its customer base alone will double in the next year.

Accounting 77

Accounting Planning Accounting Firms Marketing 77