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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

PYMNTS

billion in revenue, surpassing Wall Street’s forecasts. The Columbus, Ohio-based chain has beat revenue forecasts three times over the last four quarters. The average revenue estimate of six analysts surveyed by Zacks Investment Research was $1.38 Discount retailer Big Lots reported a third-quarter profit of $29.9 million on $1.38

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Amazon One-Day Shipping Investments Could Impact Profits

PYMNTS

As investors monitor the impact of Amazon ’s one-day delivery investments on profit, the eCommerce retailer is set to report its Q4 earnings. The eCommerce retailer said in its last earnings report it would spend $1.5 Amazon, for its part, is forecast to post a decline in Q4 profit from $6.04

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India to become world's third-largest ecommerce market by 2030

CFO News

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and robust internet penetration. The country's digital transformation is driven by affordable data, smartphone usage, and a focus on rural e-commerce growth.

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World Bank Downgrades India’s GDP Forecast

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The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. The report noted that initial policy changes should help “contain the downturn,” adding that “the main policy challenge is to address the sources of softening private consumption and the structural factors behind weak investment.”.

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China’s ‘Once-In-A-Lifetime Disruption’ For eCommerce

PYMNTS

In an interview with Karen Webster, James Huang, Payoneer ’s regional vice president of Greater China, said the seismic shifts underway signal a change in how global online consumers interact with Chinese eCommerce sellers. As Huang said, it’s been a challenging time. Inventory Buildup.

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DICK’S Sporting Goods eCommerce Sales Rise 15 Pct In Q1

PYMNTS

With better-than-expected revenues and earnings, DICK’S Sporting Goods ’ eCommerce sales jumped 15 percent in the first quarter. Chief Executive Ed Stack noted that the retailer’s same-store sales “turned positive in March and remained positive in April, as we started to see the benefits of our key strategies and investments.”

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Coupang Gets $2B Investment From SoftBank’s Vision Fund

PYMNTS

Coupang, the South Korean eCommerce company, is getting a $2 billion investment from SoftBank’s Vision Fund, which will provide it with the money to speed up development of delivery and shopping services. SoftBank invested $1 billion in Coupang back in 2015, valuing the company at $5 billion the time.