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Walmart Crushes Earnings; eCommerce Soars 74 Pct

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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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The Numbers Behind Payment Executives’ 2018 Forecasts

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This week’s B2B Data Digest pulls some of the highlights from that eBook and serves up the numbers behind the forecasts. — $20 trillion: the expected valuation of the B2B payments market. trillion: the projected value of B2B eCommerce by next year.

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eCommerce Takes Half Of Pandemic-Driven Retail Growth

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It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. And eCommerce was far and away the category that showed the largest percentage of that growth at 47 percent of the total. Not only that, in certain categories, the numbers of physical stores have even grown in recent years.

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Holiday Shoppers Forecasted To Return $41.6B In Products

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With the growth of eCommerce sales, the number of products consumers are sending back to retailers is on the rise. A study by commercial real estate services company CBRE, in conjunction with Optoro, found that shoppers are forecasted to return $41.6 billion in products purchased online this November and December.

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Retail Sales Numbers Predict A Cruel April

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With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. While the overall number broke records on the negative side, binge-buying put food and beverage at a record 25.6 However, the unprecedented nature of the COVID-19 crisis make these numbers difficult to act on. Overall sales fell 8.7

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

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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. So, everyone’s definitely tracking these numbers for the next two weeks.”. Inventory Buildup.

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Mastercard: Holiday eCommerce Sales Grew 18.8 Pct YOY

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Overall retail sales reflected record-high numbers this holiday season – at least in online shopping, Mastercard reported. Even with sluggish sales at physical stores, total retail numbers were near $880 billion, up 3.4 percent from Nov. Online spending reflected 15 percent of the total, up 18.8 percent over the same period last year.