PYMNTS

MARCH 11, 2020

That’s right – no eCommerce. eCommerce represented just 0.5 Burlington, after all, could have announced it was doubling down on eCommerce to compete with Walmart. “In These new locations are part of the company’s plans to add 100 new stores – 75 Ross and 25 dd’s DISCOUNTS locations – during fiscal 2020.

eCommerce 52

eCommerce Retail CFO Sales 52

PYMNTS

NOVEMBER 10, 2020

During this period of economic recession and job loss, reopening and reinvention, with new infection hotspots popping up weekly, starting a new business sounds somewhere between slightly iffy and totally bonkers. Each has a slightly different take on new retail and ecommerce shopping and payments experiences.

Planning 90

Planning Startups Budgeting B2B 90

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. billion, said it’s planning on selling 37 million of its shares to raise the new billion, or even $1.25 The company, which went public six months ago and raised $1.6

eCommerce 53

eCommerce Profit and Loss Securities Entertainment 53

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017. that would surpass any thresholds for being exempted from economic nexus taxes.

Sales 51

Sales eCommerce Compliance Economics 51

PYMNTS

SEPTEMBER 15, 2020

This growth has understandably made online shopping a high priority for retailers aiming to grab consumers’ attention, but it also means that eCommerce is becoming fiercely competitive. The following Deep Dive will explore why offering flexible payment methods such as installment payment plans can help smaller retailers stay in the game. .

eCommerce 53

eCommerce Retail Economics Leverage 53

PYMNTS

AUGUST 5, 2020

eBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. The program, launched during the global COVID-19 economic downturn, will provide “eligible sellers with a fast, flexible and transparent funding experience.”. sellers access to funding to help them build up and sustain their businesses. billion.

Finance 93

Finance eCommerce Economics Planning 93

PYMNTS

MAY 22, 2020

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. China Drops GDP Target Due To Economic Instability. Dubai Creating $870M Free Trading Zone For eCommerce. In 2019, China’s economy grew 6.1

eCommerce 52

eCommerce Forecasting Economics Currencies 52

PYMNTS

NOVEMBER 2, 2020

Europe Plans To Publish Digital Services Act, Digital Markets Act Drafts. In just a few weeks, we plan to publish two draft laws that will help to create a more trustworthy digital world,” Vestager said. “In Regulation. The Digital Markets Act is a second set of regulations. The committee voted 12-10 Friday (Oct. and Facebook Inc.

Planning 85

Planning Compliance Nonprofit Economics 85

PYMNTS

NOVEMBER 17, 2020

And while that will probably remain the case for the foreseeable future, Maria Prados , vice president of global eCommerce at Worldpay , tells PYMNTS that the shift to automated, paperless and secure B2B transactions is on the move. B2B historically has been pretty behind, especially around payments,” Prados said. “The Social Commerce.

B2B 108

B2B Invoicing eCommerce Securities 108

PYMNTS

SEPTEMBER 18, 2020

Deloitte also forecasts the digital shift, saying eCommerce sales will grow 25 percent to 35 percent over 2019 levels, compared to a 14.7 And eCommerce holiday sales will come in between $182 billion and $196 billion this season, according to Deloitte. economic forecaster. “E-commerce That translates to sales between $1.14

Forecasting 91

Forecasting Economics Retail Advertising 91

PYMNTS

OCTOBER 8, 2020

PYMNTS found that close to 77 percent of those shopping less in physical stores plan to do so at least "somewhat less often" than before, per the report. Keep One Eye Open With eCommerce. San Francisco-based Samovar Tea Company is doing this by adding digital engagement, like virtual tea rituals, to sweeten the eCommerce appeal.

Healthcare 116

Healthcare eCommerce Numbers Economics 116

PYMNTS

NOVEMBER 16, 2020

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. DoorDash IPO Filing Shows Expansion Plans Beyond Food. 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.

Forecasting 57

Forecasting Economics Education Accounting 57

PYMNTS

SEPTEMBER 3, 2019

Even with a shift toward eCommerce sales, LEGO plans to bring 35 additional stores to China by the close of 2019. The expansion for LEGO in China, however, reportedly comes as the country is facing the worst slowdown in economic growth in 28 years.

Planning 53

Planning Currencies Sales eCommerce 53

PYMNTS

AUGUST 5, 2020

Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up some of the marketplace’s hottest sellers and creating a company that one of its investors says is “revolutionizing eCommerce.”. Regardless of the post-COVID outcome, Silberstein is passionate about Amazon as an economic driver for retail. “In

Valuation 134

Valuation Strategic Planning Compliance eCommerce 134

PYMNTS

JANUARY 25, 2019

More than 70 nations are planning to restart World Trade Organization talks in an effort to create a standard set of rules to govern the sharing of eCommerce and cross-border data. So far, China has not signed on to the statement, which is expected to be announced at the World Economic Forum in Davos, Switzerland. “We

eCommerce 46

eCommerce Economics Planning Marketing 46

PYMNTS

SEPTEMBER 5, 2018

B2B eCommerce platform Udaan has caught the attention of investors to the tune of $225 million , marking what reports on Tuesday (Sept. According to The Economic Times , Udaan hit the $1 billion valuation mark after 26 months. 4) said is now the fastest-growing unicorn startup in India. Both are existing investors of the company.

B2B 40

B2B eCommerce Valuation B2C 40

PYMNTS

JULY 27, 2020

The pandemic-related economic downturn is making consumers wary of payment methods that can worsen their debts. consumers have experienced stress about purchasing expensive items, yet 85 percent are interested in interest-free BNPL plans at their preferred retailers. Payment plans are commonly used in the U.K.

eCommerce 58

eCommerce Retail Economics Sales 58

PYMNTS

AUGUST 16, 2020

Some of the aid afforded to SMBs involves securing funding, budgeting, drawing in new customers, working with finances, enacting eCommerce and managing reputation. In addition, Visa and Plastiq plan to launch a new campaign focused on digital means to educate companies on how to pay bills online, according to the release.

Education 93

Education Budgeting eCommerce Economics 93

PYMNTS

APRIL 10, 2020

Federal Reserve Chairman Jerome Powell said during remarks Thursday to the Brookings Institution that “there is every reason to believe that the economic rebound when it comes, can be robust.” But he also said, in a nod toward reopening the U.S. Direct payments to consumers can help.

Treasury 135

Treasury Economics Finance Planning 135

PYMNTS

JULY 2, 2020

She said there could be more cuts coming due to adverse economic conditions. “We The company, facing the common struggles of many old brick-and-mortar retailers such as eCommerce competition, was crippled by the pandemic. Meanwhile, Golds Gym filed for Chapter 11 in early May, amid a plan to shutter 32 locations.

Restructuring 88

Restructuring Retail Communication eCommerce 88

PYMNTS

OCTOBER 14, 2018

We see this (data localization) as a fundamental issue to the further development of digital trade and one that is crucial to our economic partnership,” the U.S. India is also working on a law that would require all personal data be stored in India, while Reuters noted eCommerce and cloud computing rules are also being created.

Economics 74

Economics eCommerce Banking Finance 74

PYMNTS

MARCH 21, 2016

Indian payments startup Paytm has hired Alibaba’s head of wholesale business to steer its growth and build a stronger collaboration with the Chinese eCommerce giant. As part of its expansion strategy, the Noida, India-based company also announced its plan to increase its marketplace seller base from 100,000 to over 500,000.

eCommerce 40

eCommerce Communication Leverage Startups 40

PYMNTS

JUNE 18, 2020

Consumers want to invest in high-end items and home improvement projects to enhance their surroundings even amid economic concerns. 15,000: Minimum count of merchants or brands that are offering or plan to offer BNPL. This desire has led to increasing interest in buy now, pay later (BNPL) options for shoppers and merchants.

Retail 52

Retail eCommerce Economics Sales 52

PYMNTS

AUGUST 21, 2020

Michael Jaffé, the court-appointed insolvency administrator, said an agreement has been reached to sell Wirecard’s Brazilian business to Sao Paulo-based PagSeguro Digital, one of the nation’s largest mobile payment-based eCommerce companies. “It the London-based banking and compliance platform backed by Visa , the administrator said.

Compliance 88

Compliance Sales eCommerce Economics 88

PYMNTS

JULY 17, 2020

Postal Service might be about to make eCommerce shipping woes even worse. According to several sources including the EcommerceBytes blog, the USPS is developing a new business plan focused on cost cutting and economic efficiency, and cuts are rumored that could delay mail and package delivery. The beleaguered U.S.

Prioritization 78

Prioritization eCommerce Communication Planning 78

PYMNTS

JULY 7, 2020

Now, with the pandemic still surging, Walmart hopes to capitalize on the new need for eCommerce sales. While the pandemic boosted Walmart’s sales, its eCommerce department is still only around an eighth of Amazon’s. Amazon is valued at $1.5 trillion compared to Walmart’s $337 billion, Vox writes.

Entertainment 76

Entertainment eCommerce Retail Economics 76

PYMNTS

FEBRUARY 7, 2020

In today’s top payments news, Uber reported positive fourth quarter earnings, NYSE owner International Exchange said it will not pursue plans to buy eBay and Afterpay pushed back against RBA’s potential regulation of “tap and go” fees. NYSE Owner Abandons Plans To Buy eBay. Afterpay Pushes Back Against Australia’s Fee Regulation.

Planning 52

Planning Sales Profit and Loss eCommerce 52

PYMNTS

APRIL 9, 2020

Paidy said it is striving to overhaul the service industry as well as Japan’s economy, and plans to add a cross-section of bigger merchants with flexible payment options, both online and offline. Founded in 2008 by Lee Smith and Russell Cummer, Paidy has raised $224.6 million across seven funding rounds. “We

Startups 92

Startups Investments eCommerce Economics 92

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 but the company has plans to expand across the globe. We only recently became profitable and have experienced net losses. Poshmark reports that it has transacted $1.1

Profit and Loss 82

Profit and Loss Startups eCommerce Economics 82

PYMNTS

SEPTEMBER 9, 2020

Just as the pandemic has accelerated the adoption of new eCommerce technologies, it might also hasten the demise of Black Friday as we’ve known it. When anything is “years ahead of plan,” it’s worth looking at more closely. In this case, the driving force is retailers’ prediction of surging eCommerce demand as 2020 closes out.

eCommerce 76

eCommerce Retail Sales Leverage 76

PYMNTS

MAY 19, 2020

Plus, Uber plans to cut 3,000 more jobs. Treasury Department and the IRS are planning to send out around 4 million Economic Impact Payments (EIP) via Visa prepaid debit cards rather than paper checks this week. Amazon Eyes JCPenney Buy. Treasury: 4 Million Stimulus Payments To Be Sent Via Visa Prepaid Debit Card.

Mergers and Acquisitions (M&A) 84

Mergers and Acquisitions (M&A) Treasury Retail eCommerce 84

PYMNTS

AUGUST 6, 2018

But supermarkets face a dilemma: How to fill all of those eCommerce orders? Jose Vicente Aguerrevere, Takeoff Technologies co-founder, chairman and CEO, said the system comes as customers are seeking a more economical way to buy groceries online.

eCommerce 40

eCommerce Technology Retail Economics 40

PYMNTS

APRIL 10, 2020

With staff shortages caused by the pandemic, however, the eCommerce firm is pausing the offering. Nationwide Says Business Banking Plans No Longer Viable. lender, has curtailed its plan to start a business banking venture , noting that COVID-19 made the field not viable at the present time. Nationwide Building Society, the U.K.

Healthcare 86

Healthcare Accounts Payable Invoicing eCommerce 86

PYMNTS

NOVEMBER 18, 2020

The economic downturn caused by the COVID-19 pandemic has made it even more important that firms deliver payroll quickly, as employees are facing greater financial strains that may make them more eager for prompt salary disbursements. Around The World Of Smarter Payments.

Accounts Payable 88

Accounts Payable Leverage eCommerce Retail 88

PYMNTS

OCTOBER 5, 2020

Combine the absence of physical retail for luxury goods with the sweeping job loss and economic destruction left in COVID’s wake, and luxury has landed in hot water for the moment. Some luxury retailers are combating this by turning to installment payment plans, which enable merchants to more flexibly accommodate consumers’ purchases.”.

Planning 40

Planning Retail eCommerce Economics 40

PYMNTS

SEPTEMBER 29, 2020

PayMongo plans to use the new funding to speed up introducing new features and products, and to keep building its product, design and engineering teams, the press release says. Given the disruption caused by COVID-19, a service like theirs is simply vital for the country’s businesses and economic future.”.

Startups 120

Startups Economics Retail Planning 120

PYMNTS

NOVEMBER 21, 2019

Walmart will expand aggressively in China , with a plan to add 500 new locations in the country over the next half decade or so, according to a report by CNN. The news comes as China is in the midst of an economic slowdown and a protracted trade war with the U.S.

Strategic Planning 60

Strategic Planning eCommerce Economics Sales 60