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Walmart CFO On India’s Quick eCommerce Rule Changes

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Walmart CFO Brett Briggs said that even though the retail giant anticipated the regulatory changes in India regarding foreign eCommerce companies, it was disappointing that things happened so quickly, according to reports. eCommerce penetration is getting bigger in a very rapid fashion,” Briggs said.

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German FinTech N26 Eyes IPO With Hiring Of New CFO

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Jan Kemper as its new chief financial officer (CFO) as the Berlin-headquartered FinTech looks toward a future initial public offering (IPO). The former CFO of Zalando SE, one of Europe’s most successful eCommerce retailers, Kemper was instrumental in leading the company’s IPO in 2014 on the Frankfurt stock exchange.

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Kroger Grows Business With 108 Pct Boost In eCommerce Sales

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"As a result of our continued strong performance, market share growth and the expectation of sustained trends in food-at-home consumption for the remainder of our fiscal year, we are raising our full-year 2020 guidance,” said Kroger’s CFO Gary Millerchip. In the third quarter, excluding fuel and dispositions, sales grew 11.3

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ClickBank Teams Up With Fully Accountable On eCommerce Accounting Services

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Global digital marketplace ClickBank has announced a partnership with Fully Accountable to offer a full suite of specialized accounting services for small and medium-sized eCommerce businesses, and digitally based firms. Earlier this month, ClickBank named Ryan Vestal as its new Chief Financial Officer.

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IKEA Cancels Planned Stores Amid Focus On eCommerce

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Instead, IKEA is focusing its efforts on eCommerce sales, USA Today reported. They have found that in a number of established markets, they are really behind the curve in terms of online,” said GlobalData Retail Analyst Neil Saunders told USA Today. Following years of U.S. They want to really start investing and ramping that area up.

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New India eCommerce Rules Spur Amazon To Remove Some Items

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In India, the new eCommerce rules have taken shape, and are now official — with none of the delay that retailing giants Amazon and Walmart had desired. In addition, Amazon and Walmart (which owns about 77 percent of Flipkart) cannot ink deals with vendors to sell items exclusively through those firms’ eCommerce platforms.

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Retail Industry: New Year, New CFO

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Many retail companies rung in the new year with a new CFO. Bloomberg reports that Neiman Marcus is seeking a new CFO, as are Kohl’s and Nordstrom and Whole Foods. Turns out, at least 45 retail companies have had their CFO exit in the past year. On top of that, the CFO job description looks different that it used to.

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