PYMNTS

DECEMBER 4, 2020

Black Friday sales stretched across the entire month of November as retailers launched special deals as early as Nov. He added that the company's clients also have the ability to combine payment data with treasury tools for improved “cash flow reporting, forecasting and utilization.”.

Forecasting 115

Forecasting Benchmarking eCommerce Treasury 115

PYMNTS

SEPTEMBER 18, 2020

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.”.

Forecasting 91

Forecasting Economics Retail Sales 91

CFO Share

AUGUST 5, 2021

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. 201504011 , the following costs are tax deductible business expenses: For marijuana retailers: Price of marijuana purchased, less trade or other discounts.

Forecasting 96

Forecasting GAAP Profit and Loss Accounting Principles 96

PYMNTS

SEPTEMBER 29, 2020

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Among retailers not in bankruptcy, there were 4,228 store closures, including Inditex with 1,000 closures and Starbucks with 400, the report stated.

Retail 107

Retail Forecasting eCommerce Numbers 107

PYMNTS

SEPTEMBER 30, 2020

In today’s top retail news, Spiceology aims to shake up the D2C realm, and small and medium-sized businesses (SMBs) face decisions of how — or whether — to compete with Amazon’s October Prime Day event. 13 and 14 in this year of unpredictable and unprecedented retail happenings. Spiceology Shakes Up The D2C Status Quo. Big Lots, Inc.

Forecasting 75

Forecasting Retail eCommerce Sales 75

PYMNTS

MAY 15, 2020

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. percent economists forecasted before the release, and double the record of the 8.3 GDP, took a 16.4

Sales 92

Sales Retail Economics Forecasting 92

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

eCommerce 92

eCommerce Retail Sales Forecasting 92

PYMNTS

MAY 21, 2020

As eCommerce revenue has risen, so has the need for consumers to return their purchases, sometimes surprising retailers that might not have seen the order scale they’ve seen for April and May. The first was from retail clients. Sharma and his team put a lot of effort behind retail advocacy. The issue at hand is returns.

Retail 89

Retail eCommerce Forecasting Sales 89

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

Retail 86

Retail eCommerce Forecasting Technology 86

PYMNTS

SEPTEMBER 13, 2019

Voice recognition could soon play a bigger role in retail — especially in the world of quick service restaurants. Within McDonald’s restaurants, the technology is forecast to enable simpler, faster and more accurate order-taking at the drive-thru with the possibility of becoming a part of mobile ordering and kiosks. Other Moves.

Retail 99

Retail Technology Forecasting Planning 99

PYMNTS

JUNE 26, 2020

Jesse Edgerton, an analyst, discovered that heightened eatery spending in a state forecast a new instances of the virus in that location three weeks subsequently, CNBC reported. Greg Abbott , the governor, said current rules for retail and restaurant capacity could stay, but no further actions would occur so long as cases were on the rise.

Forecasting 89

Forecasting Retail 89

PYMNTS

FEBRUARY 10, 2020

Start creating more customer data to feed the algorithm and then you too can join the artificial intelligence (AI) retail revolution. Retailers can engage with an “AI lite” strategy that produces lookalike customer data and a level of predictive analytics. But the present and future of AI in retail is much richer. Not so fast.

Retail 81

Retail Forecasting Education Budgeting 81

CFO News Room

JANUARY 22, 2023

after the company cut its annual profit forecast for its fiscal year following weak holiday sales. The retailer reported that net sales for the holiday period slipped 3.5%, and that it now expects annual revenue growth at the lower end of the 5% to 7% range it previously gave. Nordstrom – Nordstrom shares fell 6.5%

Forecasting 130

Forecasting Retail Sales Marketing 130

CFO News Room

NOVEMBER 15, 2022

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. s retail insights division. from 2021 to $188.2 Kroger CIO Yael Cosset. Suvajit Basu.

Startups 100

Startups Retail Economics Technology 100

CFO News Room

NOVEMBER 19, 2022

The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. The apparel retailer is in the midst of a turnaround effort that has involved scaling down inventories and streamlining its brand portfolio. Gap (GPS) – Gap shares rallied 5.1% Shares gained 4.4%

Profit and Loss 130

Profit and Loss Forecasting Manufacturing Sales 130

CFO News Room

NOVEMBER 23, 2022

Retail finance chiefs are entering the busiest shopping season of the year with declining profit margins as their companies offer more discounts to compete for sales and clear out excess stock. . Among retailers in the S&P 500 that reported financial results through Nov. in the third quarter from 13.2%

Retail 100

Retail CFO Prioritization Corporate Finance 100

PYMNTS

AUGUST 14, 2020

retail and food services sales for July of $536 billion, marking a rise of 1.2 The increase fell below estimates, with economists polled by Dow Jones having forecast a rise of 2.3 The increase fell below estimates, with economists polled by Dow Jones having forecast a rise of 2.3 Retail trade sales were higher by 0.8

Sales 71

Sales Retail Forecasting eCommerce 71

PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

Retail 82

Retail Economics Forecasting Marketing 82

Future CFO

OCTOBER 11, 2022

The face of retail has been changing since the start of digital transformation. Many traditional retailers have witnessed the rise of Amazon to dominate retailing – changing how consumers engage and make purchases. What is certain at this moment is that the evolution of retailing will continue. The toughest period.

Retail 98

Retail CFO Finance Sales 98

PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. In June, sales volumes increased by 14 percent from May, surpassing forecasts in a Reuters poll of economists. Sales were off 1.6

Retail 75

Retail Forecasting Sales Economics 75

CFO News Room

FEBRUARY 4, 2022

Revenue also topped the forecast on strong sales of the company’s Covid-19 antibody therapy as well as its eye drug Eylea. The company also reaffirmed its long-term forecasts and announced a $15 billion share-repurchase authorization. per share, beating the $18.35 consensus estimate. per share , well above the $3.57

Pharmaceutical 130

Pharmaceutical Forecasting Retail Banking 130

PYMNTS

DECEMBER 28, 2020

The dreaded returns season has hit retail with a predictable but painful thud. In fact, forward-thinking retailers are looking at the return process as a chance to create a positive customer experience. In a worst-case scenario forecast, according to commercial real estate firm CBRE, the take will be much lower at about $70.5

Retail 86

Retail eCommerce Auditing Forecasting 86

PYMNTS

NOVEMBER 30, 2020

But most of the changes that have come to retail as of the holiday 2020 shopping season aren’t temporary — and aren’t going to go backward. Retailers being able to share inventory across channels or build a single view of the customer across channels to better serve them was already on the rise pre-pandemic.

Retail 94

Retail Forecasting Sales Numbers 94

CFO News Room

NOVEMBER 17, 2022

The retailer also raised its guidance for full-year per-share earnings. It also raised its earnings forecast for the year but left its revenue guidance unchanged. . BJ’s Wholesale – Shares dropped 6% despite the company reporting beats on the top and bottom lines and raising its full-year forecast for per-share earnings.

Forecasting 130

Forecasting Retail Economics Banking 130

Anaplan

JANUARY 19, 2021

On the heels of a year, and a holiday shopping season, like no other, all of us – retailers, suppliers, employees and consumers – are eager to turn the page. The big question on everyone’s minds is this: When can we “go back to normal?” But perhaps there is no “going back,” at least not […].

Retail 96

Retail Planning Forecasting 96

PYMNTS

MAY 1, 2020

Retail is not the same as it was at the beginning of 2020 — in fact, it isn’t the same as it was a mere month-and-a-half ago, given the quick and sweeping changes that COVID-19 has brought in its wake. Amid economic uncertainty, certain retailers are adapting and innovating in ways we haven’t seen before,” Molnar told Webster. “In

Retail 79

Retail Forecasting Sales Economics 79

PYMNTS

JUNE 8, 2020

With the pandemic putting its business into a state of disorder, Lane Bryant and Ann Taylor owner Ascena Retail Group is reportedly in talks with lenders about a possible bankruptcy filing. Most of the roughly 2,800 retail locations of Ascena are still shuttered. The retailer foresees closing approximately 230 of 687 stores.

Retail 71

Retail Forecasting Finance Planning 71

PYMNTS

DECEMBER 24, 2019

Exceeding forecasts , Dec. 21, the last Saturday shopping day before Christmas 2019, has been confirmed as the single biggest retail sales day in U.S. According to retail research firm Customer Growth Partners, consumers on Super Saturday spent a total of $34.4 billion and that exceeded 2019 Black Friday sales by 10 percent.

Sales 74

Sales Retail Forecasting Economics 74

PYMNTS

JULY 24, 2020

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience. After all, the pandemic has hit retail perhaps harder than any other economic sector, and an awful lot of players probably won’t make it, Green said. “I

Retail 90

Retail Forecasting Economics Technology 90

CFO News Room

FEBRUARY 3, 2022

The Tesla dealership in Eatonville, Florida is seen on March 1, 2019, the day after Tesla announced that it was closing its retail stores as a cost-cutting measure, in a shift to on-line only sales. The company’s gross margin forecast or 52% in the first quarter missed estimates of almost 53%. Revenue beat expectations as well.

Forecasting 130

Forecasting Retail Sales Marketing 130

CFO News Room

NOVEMBER 5, 2022

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. in premarket action after a weaker-than-expected sales forecast. in premarket trading, even as it reported a wider-than-expected loss and revenue that fell short of analyst forecasts. Warner Bros.

Profit and Loss 130

Profit and Loss Forecasting Economics Sales 130

CFO News Room

NOVEMBER 13, 2022

Bumble – Shares of the company known for its dating platforms added 10% even after Bumble issued a weak current quarter revenue forecast and missed expectations. Fair Isaac also issued guidance that beat a StreetAccount forecast. after it beat expectations for the quarter and raised its full-year forecast.

Profit and Loss 130

Profit and Loss Pharmaceutical Forecasting Valuation 130

CFO News Room

NOVEMBER 22, 2022

Abercrombie & Fitch – Shares of the retail stock jumped 19% after the apparel retailer beat Wall Street’s revenue forecasts for the third quarter and posted unexpected quarterly profit. Dick’s raised its full-year financial forecast as well. Craig Warga | Bloomberg | Getty Images. related investing news.

Profit and Loss 130

Profit and Loss Forecasting Entertainment Retail 130

PYMNTS

DECEMBER 27, 2020

Across our expanded 75-day holiday shopping season , sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”. The National Retail Federation had forecast an increase for the season, year over year, of between 3.6 retail locations this year compared to last, the Journal reported.

Sales 73

Sales Retail eCommerce Forecasting 73

PYMNTS

JUNE 24, 2020

While web users have harnessed eCommerce in numbers that haven’t been seen before amid the COVID-19 heath crisis, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement. percent in 2019.

Sales 94

Sales Forecasting eCommerce Retail 94

PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88

Retail Restructuring CFO eCommerce 88

CFO News Room

DECEMBER 1, 2022

Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. Splunk — Splunk’s stock added 13% on solid quarterly results and an upbeat full-year forecast.

Profit and Loss 130

Profit and Loss Forecasting Retail Sales 130