PYMNTS

FEBRUARY 28, 2020

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.

eCommerce 73

eCommerce Pharmaceutical Manufacturing Retail 73

PYMNTS

AUGUST 22, 2019

A senior Amazon executive believes India needs to do more to encourage eCommerce in the country. Amazon’s India head Amit Agarwal told Reuters that if the country were to reduce red tape, it would help small businesses sell online and export more goods to help boost India’s economic growth.

eCommerce 57

eCommerce Economics Numbers B2B 57

PYMNTS

FEBRUARY 10, 2020

The jousting over eCommerce taxes — especially for U.S. Last week in India, the government proposed a tax on eCommerce transactions that will likely increase operating costs for sellers large and small. However, the government’s actions seem to imply that it views the eCommerce field in India as inherently unequal.

eCommerce 70

eCommerce Banking Sales Retail 70

PYMNTS

JANUARY 7, 2021

eCommerce was the name of the game for consumers and retailers in 2020, with merchants’ success hinging on the power of rapid innovations and intuitive responses to consumers’ demands. Customers and retailers alike faced numerous challenges last year, however, ranging from intermittent lockdowns to economic uncertainty.

eCommerce 67

eCommerce Retail Sales Economics 67

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

Economics 43

Economics Retail Advertising eCommerce 43

PYMNTS

NOVEMBER 25, 2019

Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies. They must, therefore, figure out which jurisdictions make them responsible for all their sales’ eCommerce taxes and which require some or all of the platforms they sell on to collect those taxes.

Economics 52

Economics Sales Compliance Auditing 52

PYMNTS

SEPTEMBER 16, 2016

15) revealed that the eCommerce market took a small dip in sales during the third quarter. percent in August, which is a healthy gain for the quarter, it’s still not as strong as last quarter’s numbers, Internet Retailer reported. Q2 saw eCommerce sales increase by 15.8 Department of Commerce on Thursday (Sept.

eCommerce 71

eCommerce Retail Sales Economics 71

PYMNTS

MARCH 23, 2020

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically devastating. Beijing is looking at personal lending as a way out of the economic crisis brought on by the coronavirus.

Economics 56

Economics Banking Transportation Forecasting 56

PYMNTS

AUGUST 16, 2019

Despite Kaola’s impressive growth, NetEase, known for its gaming and music operations, has been looking to sell its eCommerce unit for most of the year. The numbers seem to show that despite economic slowdowns and an ongoing trade war with the United States, the Chinese consumer is still spending. billion yuan.

eCommerce 46

eCommerce Economics Sales Retail 46

PYMNTS

FEBRUARY 6, 2019

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

eCommerce 53

eCommerce Profit and Loss Securities Entertainment 53

PYMNTS

MAY 19, 2020

And in retail, restaurants are facing an unprecedented economic fallout as they have had to get by on pickup and delivery order revenues. 2K: Approximate number of U.S. 66: Number of days consumers who have shifted their routines online can live off their savings. 2K: Approximate number of U.S. 41%: Decline in U.S.

eCommerce 52

eCommerce Economics Retail Numbers 52

PYMNTS

JUNE 10, 2020

As Kurt Smith , vice president of product and strategy at FastSpring , told PYMNTS pertaining to software providers, “the world of eCommerce has seen an explosion, particularly relating to digital software commerce.”. That means they’re going to increase scrutiny on eCommerce as brick-and-mortar transactions fade.

eCommerce 52

eCommerce Compliance Sales Economics 52

PYMNTS

OCTOBER 27, 2016

Retailers must take action now to address these issues, which are not economically sustainable.”. The expansion in the numbers of stores is also lowering sales-per-store figures, and selling online is incredibly expensive for retailers.

eCommerce 63

eCommerce Retail Profit and Loss Sales 63

PYMNTS

NOVEMBER 16, 2020

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. The all-cash deal gives PNC the U.S. unit of Spain-headquartered BBVA.

Economics 57

Economics Forecasting Education Accounting 57

PYMNTS

SEPTEMBER 16, 2016

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.

eCommerce 62

eCommerce Retail Forecasting Sales 62

PYMNTS

APRIL 3, 2020

“We are experiencing right now an unprecedented healthcare crisis , which has also triggered an economic crisis,” Silverman said.

Numbers 53

Numbers Retail Healthcare Economics 53

PYMNTS

SEPTEMBER 4, 2019

Successful eCommerce requires more than sellers providing in-demand products and finding digital marketplaces to connect them with interested customers. Retailers entering the online space are met with a bewildering number of sales tax policies from different countries and jurisdictions. Deciphering obligations. and worldwide.

Sales 52

Sales eCommerce Compliance Economics 52

PYMNTS

OCTOBER 11, 2019

Richard Asquith, vice president of Global Indirect Tax at Avalara , told PYMNTS in a recent interview that eCommerce tax policies are fragmented when viewed across the international stage — and they’re about to get even more challenging. The marketplaces take legal title to what’s being sold and are responsible for the VAT calculation.

eCommerce 49

eCommerce Invoicing B2C Sales 49

PYMNTS

JUNE 18, 2020

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. 9M: Number of customers Afterpay has attracted since its U.S. This desire has led to increasing interest in buy now, pay later (BNPL) options for shoppers and merchants. All this, Today in Data.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

JULY 14, 2017

In fact, he notes, he believes eCommerce will have an opposite effect and create more retail jobs at better wages. Mandel, when he did a count on job statistics, found that eCommerce (when you add in all those distribution and warehouse jobs) had actually added 397,000 jobs to the U.S. I’m just looking at the numbers.”.

eCommerce 46

eCommerce Math Retail Economics 46

PYMNTS

FEBRUARY 17, 2017

are increasingly turning to eCommerce to procure essential items, moving away from physical stores and regional farming cooperatives. But according to the numbers as of last November, broadband internet had reached some 63 percent of rural residents in the U.S., Farmers in the U.S. compared to 73 percent of people in cities.

eCommerce 42

eCommerce Startups Economics Retail 42

PYMNTS

APRIL 10, 2017

Changing eCommerce and technological shifts in the retail space are now impacting payrolls. government, the number of jobs lost in general merchandise stores hit a new low at 34,700 in March, The New York Times reported. According to a new report from the U.S.

eCommerce 40

eCommerce Retail Restructuring Economics 40

PYMNTS

FEBRUARY 25, 2020

It will also provide vouchers for food in Taiwan’s night markets, which attract a large number of tourists. Taiwan slashed its economic growth estimate due to the virus, affecting an important part of the electronics supply chain globally.

eCommerce 65

eCommerce Sales Economics Numbers 65

PYMNTS

MARCH 7, 2016

According to a recent report from Forrester, as reported on by ZDNet , total eCommerce revenue for China, Japan, South Korea, India and Australia is projected to nearly double in the next five years, from $733 billion in 2014 to $1.4 trillion by 2020.

eCommerce 48

eCommerce Marketing Retail Economics 48

PYMNTS

MAY 4, 2016

We know that eCommerce is taking away from brick-and-mortar sales; a new study has revealed the details on just how big a bite that’s becoming. Retailers need to recalibrate and fine-tune their economic business models to reflect today’s new variable cost-oriented online model.

eCommerce 43

eCommerce Profit and Loss Retail Sales 43

PYMNTS

JULY 27, 2020

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. users within a 10-week span, for example, marking a 30 percent to 40 percent increase in the number of clients added weekly compared to January and February totals. This occurred after the provider reported that it served 4.4

eCommerce 58

eCommerce Retail Economics Sales 58

PYMNTS

MARCH 23, 2020

In the maelstrom of daily life grappling with COVID-19, the rollout of 5G , the fifth-generation network that features downloading speeds reportedly 100 times faster than that of 4G, may accelerate even as economic headwinds gather. And eCommerce, increasingly, is becoming the only way we can shop.

Economics 139

Economics Communication eCommerce Securities 139

PYMNTS

AUGUST 21, 2020

The economic slowdown’s effects are widespread and reverberating across America, but what is needed to help small and mid-sized businesses (SMBs) stem the tide of lost sales and, ultimately, to survive the pandemic? percent of SMBs believe they are at risk of closing before the COVID-19 pandemic and its economic impacts end, with 25.8

Economics 57

Economics Manufacturing Banking Investments 57

PYMNTS

DECEMBER 22, 2020

The eCommerce market saw big gains on the usual major shopping holidays this fall, with the weekend between Black Friday to Cyber Monday seeing $4.8 That number is a 60 percent increase over the same period from 2019. billion in global sales on Amazon.

eCommerce 83

eCommerce Startups Sales Finance 83

PYMNTS

SEPTEMBER 9, 2020

The virus itself is not the only factor in play, however, with the devastating economic downturn and record-high unemployment rates also sharply reducing consumers’ purchasing power and their willingness to make retail purchases. As such, SMBs are embarking on eCommerce initiatives in record numbers.

Retail 67

Retail eCommerce Leverage Invoicing 67

PYMNTS

NOVEMBER 30, 2020

A strong surge in consumer spending on retail is likely to be the main economic driver in China as the country recovers from the effects of the pandemic, the Financial Times (FT) reported. Tourism, for instance, is much further away from a full recovery than eCommerce is, FT reported. billion in orders.

eCommerce 70

eCommerce Forecasting Retail Economics 70

PYMNTS

OCTOBER 8, 2020

The number of shares that will be offered and the price range have not been determined, the release stated. The BNPL trend has become useful, especially due to the economic effects of the pandemic, which have left millions of consumers tightening their belts and searching for more savvy ways to pay.

Valuation 100

Valuation eCommerce Economics Securities 100

PYMNTS

APRIL 29, 2020

That doesn’t bode well for the necessary investments in infrastructure and customer experience upgrades to compete with Amazon and other established brands that are laser-focused on eCommerce as their main (and sometimes only) point of sales. Ultimately, eCommerce lives on the dynamism and initiative of the private sector.

Retail 61

Retail eCommerce Economics Investments 61

PYMNTS

OCTOBER 14, 2020

Numbers tell the tale. With the idea of “resilience” dominating much post-pandemic analysis, the workhorse debit card has proven to be exactly that — resilient — in the face of economic chaos. According to the October Next-Gen Debit Tracker® , “One recent study found that the number of active phishing sites in the U.S.

eCommerce 73

eCommerce Accounting Economics Numbers 73

PYMNTS

SEPTEMBER 27, 2019

Countries around the globe are launching new digital sales taxes in efforts to improve their revenue streams and create more balanced business environments for domestic brick-and-mortars and foreign eCommerce marketplaces. India, the European Union and a number of U.S. Around the Next-Gen Sales Tax world. marketplace PuroTrader.

Sales 43

Sales eCommerce Compliance Economics 43

PYMNTS

SEPTEMBER 17, 2020

In term of headline numbers, the U.S. Drilling down a bit into the numbers, clothing and accessory spending was up 2.9 eCommerce Muted? Notable exceptions here can be found in non-store retailers, which includes eCommerce, where PYMNTS found that this vertical was about $78 billion in August, where it had been $81.7

Sales 96

Sales Retail eCommerce Numbers 96

PYMNTS

DECEMBER 18, 2020

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We The price range and the number of shares being offered have not yet been determined. We only recently became profitable and have experienced net losses.

Profit and Loss 82

Profit and Loss Startups eCommerce Economics 82