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Pandemic Predictions: Holiday Forecasts Depend On Three Factors

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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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P&G Reports 50 Pct Jump In eCommerce Sales, Sees Lasting Shift To Online

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In announcing its fiscal second-quarter results, the Cincinnati-based consumer goods giant also credited its “constructive disruption” strategy for a 15 percent jump in earnings, which also allowed it to increase its full-year forecast. eCommerce Soars.

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Tesla Plans Move To eCommerce Sales Model

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In an effort to transition to an eCommerce sales platform, Tesla announced its move to an online-only sales model. Tesla, in fact, forecasts that the move could let the company lower vehicle prices by about 6 percent. According to reports, the store had a lot of branded items but wasn’t as robust as Tesla’s own website.

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Freightos.com Grows B2B Platform For eCommerce Logistics

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In a move planned to simplify B2B eCommerce, Hong Kong-based Freightos.com has grown its online B2B digital infrastructure. Even though the B2C eCommerce boom has arguably already happened, the coronavirus situation is bringing about another tide of online commerce adoption. trillion created in the B2C market.

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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

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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 Broyhill brand and the Lot and Queue Line were also launched across 750 stores in the third quarter, with fast scaling of eCommerce proficiencies. million on $1.38

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Cyber Monday Rings Up $10.8 Billion In Record Sales

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percent year over year, based on analysis from 80 of the leading 100 eCommerce merchants in the U.S., The figures fell short of Adobe’s forecast of $12.7 Adobe adjusted its online sales forecast slightly downward to $184 billion for the entire holiday season, a 30 percent hike over 2019. Sales on Cyber Monday increased 15.1

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‘Ship-ageddon 2020’ Just Keeps Getting Worse

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With eCommerce volume way up for the holiday shopping season, we knew it was going to be a tricky year for gift shipping. and Macy’s as the shipping giant struggled with unprecedented demand from the pandemic-driven eCommerce surge. But she added that "contingency plans are in place.”. Hot Topic Inc., Newegg Inc. Hot Topic Inc.,

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