article thumbnail

Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand.

eCommerce 142
article thumbnail

Walmart Crushes Earnings; eCommerce Soars 74 Pct

PYMNTS

Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. It is now available in 2,000 stores.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Big Tech Earnings Cement Digital-First Economic Shift

PYMNTS

Economic headwinds abound. To that end, the Big Tech companies that reported earnings over the last several days — Alphabet ( Google ’s parent), Amazon , Facebook , Twitter among them — showed that eCommerce, and the ads that keep eCommerce top of mind for consumers (and, of course, the corporates that cater to them), are on an upswing.

article thumbnail

FastSpring Acquires SalesRight To Grow eCommerce Solutions For SaaS

PYMNTS

FastSpring , a full-service eCommerce solution for software-as-a-service (SaaS) companies, is acquiring SalesRight, a Canadian SaaS startup that offers tools for business-to-business (B2B) sales teams. Originally an eCommerce solution for companies selling desktop software, the company did a 2011 pivot into the SaaS space.

article thumbnail

Will India?s Push For Consumers To Buy Local Have Ripple Effects On eCommerce?

PYMNTS

For India, in particular, the coronavirus has exposed some challenges for eCommerce giants such as Flipkart and Amazon – and now, there’s a new initiative to spur consumers to “buy local.”. The Economic Times estimates that global brands via multinationals are dominant in the country, with relatively few local alternatives.

article thumbnail

The Dark Side Of India’s New eCommerce Rules

PYMNTS

And so, nationalism comes full force to eCommerce, focused on the United States and India, offering another drama, another stage, another possible battle over trade. As has happened so far, India’s government said late last year that new eCommerce regulations would become the law of the land – at the end of this week, on Feb.

article thumbnail

Coronavirus Impacts eCommerce, Business Travel

PYMNTS

The coronavirus has wide-reaching effects on eCommerce, technology, medicine, business travel and the economy. The furniture eCommerce retailer reportedly relies on China for half of its merchandise. The decision by the eCommerce retailer impacts one of the biggest workforces in the U.S. A senior U.S.