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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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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.

B2B 73
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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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Petco’s $864 Million IPO Beats Forecasts 

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The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. Petco is controlled by CVC Capital Partners and Canada Pension Plan Investment Board, which acquired the company in 2015 for $4.6 14), Bloomberg reported. . Founded in 1965, the company has stores across the U.S.,

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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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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.

eCommerce 117
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Dick?s Sporting Goods Sees eCommerce Sales Surge 110 Pct In Q1

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As consolidated same-store sales dropped nearly 30 percent fueled by temporary store closures due to the coronavirus, Dick’s Sporting Goods reported that eCommerce sales jumped 110 percent in the first quarter of 2020 compared to the first quarter of last year. Net sales for the first quarter were roughly $1.33