Remove Currencies Remove eCommerce Remove Economics Remove Forecasting
article thumbnail

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. The company now operates in the U.K.,

eCommerce 142
article thumbnail

Today In Payments: China Drops GDP Target; Dubai Creating Free Trading eCommerce Zone

PYMNTS

In today’s top news, China has opted not to set any economy growth forecast amid the uncertainty caused by the pandemic, and Dubai is creating a free trade zone for eCommerce. China Drops GDP Target Due To Economic Instability. Dubai Creating $870M Free Trading Zone For eCommerce. In 2019, China’s economy grew 6.1

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Walmart Forecasting A Big Finish For 2018

PYMNTS

As was the case in the previous quarter, eCommerce sales and grocery were big winners for Walmart, and same-store sales logged their 16th consecutive quarter of growth. We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,” Minus currency headwinds, revenue was $126.1

article thumbnail

Walmart Beats The Street, Talks Up eCommerce

PYMNTS

For the third quarter in a row Walmart has beaten analysts’ predictions on revenue and marked same-store sales increases (a difficult magic trick in retail these days) — and in Q3 the company also had some more than solid growth in eCommerce lines and on the global scene. forecast for the quarter. percent (excluding currency swings).

article thumbnail

Strong Venmo and QR Code Payments Growth Help PayPal Score Record Q2 Earnings

PYMNTS

In an earnings season defined by diminished expectations amid the worldwide economic shutdown, PayPal not only beat analysts’ expectations Wednesday (July 29) but enjoyed a record quarter. Rainey said PayPal is also continuing efforts “around expanding the Pay with Venmo in an eCommerce setting.”. Revenue increased year on year to $5.26

article thumbnail

In Germany, Cold Hard Cash Still the Way to Pay

PYMNTS

It may seem incongruous that a nation as economically (and technologically) developed as Germany, would bank so literally on cash. Statista noted in forecasts adjusted to reflect the impact of the pandemic that overall revenues from eCommerce to be the equivalent of USD $87 billion, up 18 percent from the year before.

article thumbnail

Blue Nile Gets Physical

PYMNTS

The world’s most famous and recognizable jewelry brand Tiffany reported holiday sales down 5 percent — a reality the company chalked up to “restrained consumer spending tied to challenging and uncertain global economic conditions.” However, on the yearly forecast, Blue Nile missed, clocking in $10.5 million, or $0.90

Retail 40