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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. Traditional lenders look at the past," he said.

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Pandemic Predictions: Holiday Forecasts Depend On Three Factors

PYMNTS

When the pandemic first took hold of the retail industry in March and April, the phrase “it’s hard to forecast during a pandemic” was heard in most every executive interview or earnings call. Now that the holiday sales season is imminent, the operative phrase is … well … “let’s try to forecast during a pandemic.”. economic forecaster.

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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.

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Latest Economic Data Sends Mixed Signals About Consumer Holiday Spend

PYMNTS

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 An Uncertain Spending Forecast .

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US eCommerce On A Tear In Q3

PYMNTS

15) revealed that the eCommerce market took a small dip in sales during the third quarter. Q2 saw eCommerce sales increase by 15.8 In fact, the National Retail Foundation released its 2015 economic forecast in February with estimates of just a 3.1 Department of Commerce on Thursday (Sept.

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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. The all-cash deal gives PNC the U.S. unit of Spain-headquartered BBVA. The new combined bank will be the fifth-largest retail bank in the country.

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PYMNTS Daily Data Dive: US eCommerce Grows But Retail Needs Support

PYMNTS

ECommerce sales were better than expected in Q2 but dipped in the third quarter, according to Internet Retailer. Matthew Shay, president and CEO of the NRF, cited easing wage stagnation, increasing employment and consumer confidence as factors influencing eCommerce growth. Earlier projections had predicted slower growth for 2016.