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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

PYMNTS

And the surge in eCommerce isn't isolated to the B2C world, either: as social distancing requirements and shutdowns migrate corporate buyers online, wholesalers, distributors and other B2B vendors are likely to face a similar holiday boon this year to fulfill rising customer demand. Traditional lenders look at the past," he said.

eCommerce 142
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eCommerce Takes Half Of Pandemic-Driven Retail Growth

PYMNTS

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. trillion while total retail revenues contract 4 percent to $5.07

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

PYMNTS

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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Today In Retail News: Spiceology Shakes Up D2C; SMBs Face Choices As Prime Day Looms; Big Lot Raises Forecast

PYMNTS

Big Lots Forecasts Comparable Sales Rise In The 'Mid-Teens'. The discount retailer forecasts diluted earnings per share (EPS) between 50 cents and 70 cents, according to an announcement. “Our GoDaddy Unveils eCommerce Feature For Facebook, Instagram. Big Lots, Inc. said on Wednesday (Sept.

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Today In Payments: PNC Advances $11.6B BBVA Purchase Deal; US Economic Forecasts Grim Amid Escalating COVID-19

PYMNTS

Plus, Mastercard announced a new Account-to-Account service to its Track Business Payment Service. US Economic Forecasts Grim Amid Escalating COVID-19. Mastercard Boosts Business Payments With Account-To-Account. In today’s top news, PNC will acquire BBVA’s U.S. unit for $11.6 PNC Advances $11.6B

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Online Sales Projected To Settle At 16.5 Pct Growth Rate

PYMNTS

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
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Five At Five: A Brighter Retail Forecast For 2018

PYMNTS

NRF Increases Sales Forecast For 2018. Amazon Web Services (AWS) may be the driver of growth for the eCommerce giant now, but Piper Jaffray predicts that, in three years’ time, advertising will bring in more revenue for Amazon. Citigroup has let go of a payments executive, and initial coin offering (ICO) exit scams are taking a toll.