PYMNTS

MAY 19, 2020

For India, in particular, the coronavirus has exposed some challenges for eCommerce giants such as Flipkart and Amazon – and now, there’s a new initiative to spur consumers to “buy local.”. The Economic Times estimates that global brands via multinationals are dominant in the country, with relatively few local alternatives.

eCommerce 86

eCommerce Economics Retail Numbers 86

PYMNTS

FEBRUARY 28, 2020

The coronavirus has wide-reaching effects on eCommerce, technology, medicine, business travel and the economy. The furniture eCommerce retailer reportedly relies on China for half of its merchandise. The decision by the eCommerce retailer impacts one of the biggest workforces in the U.S. A senior U.S.

eCommerce 73

eCommerce Pharmaceutical Manufacturing Economics 73

PYMNTS

FEBRUARY 20, 2020

The bill seems part and parcel of a strategy that seeks to bring at least some forum for smaller firms to voice complaints, and perhaps even give regulators some power to shape the ways in which eCommerce giants interact with local players. In Japan, the legislation may have some special urgency against a backdrop of macro-economic pressure.

eCommerce 71

eCommerce Sales Economics Retail 71

PYMNTS

NOVEMBER 21, 2019

The news comes as China is in the midst of an economic slowdown and a protracted trade war with the U.S. The expansion of groceries and eCommerce in the country is a big part of Walmart’s strategic plan. Walmart used to have a Chinese eCommerce site called Yihaodian, which it sold to JD.com in 2016.

Economics 52

Economics Strategic Planning eCommerce Sales 52

PYMNTS

JANUARY 28, 2019

And so, nationalism comes full force to eCommerce, focused on the United States and India, offering another drama, another stage, another possible battle over trade. As has happened so far, India’s government said late last year that new eCommerce regulations would become the law of the land – at the end of this week, on Feb.

eCommerce 75

eCommerce Concentration Economics Startups 75

PYMNTS

NOVEMBER 25, 2019

The Supreme Court ruling has started the ball rolling for states and municipalities to tax eCommerce – specifically, out-of-state firms and online marketplaces. 41.7M: Projected state revenues tied to Massachusetts’ economic nexus tax in FY 2020. South Dakota vs. Wayfair was only the beginning.

eCommerce 60

eCommerce Sales Economics Numbers 60

PYMNTS

OCTOBER 1, 2020

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 Hopes for fresh signs of strength heading into the holiday shopping season were crimped Thursday (Oct.

Economics 95

Economics Retail Forecasting Securities 95

PYMNTS

SEPTEMBER 30, 2019

eCommerce sales tax laws are having unintended consequences in the tobacco industry. State governments began rolling out economic nexus laws after 2018’s South Dakota vs. Wayfair ruling. It appears that economic nexus laws are falling short of leveling the playing field in at least one niche industry, however.

Economics 43

Economics Retail Advertising eCommerce 43

PYMNTS

SEPTEMBER 15, 2020

Facebook will dole out millions in cash and advertising credits to small businesses across India, while also helping merchants launch online gift cards, as the social media giant pushes deeper into the country’s fast-growing eCommerce sector. In a Tuesday (Sept.

eCommerce 62

eCommerce Advertising Economics Planning 62

PYMNTS

DECEMBER 30, 2020

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. With a focus on enabling corporations to manage payroll in a remote work environment, India-based Skuad has reportedly secured a $4 million seed investment round , according to the Economic Times of India.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

MARCH 11, 2020

That’s right – no eCommerce. eCommerce represented just 0.5 Burlington, after all, could have announced it was doubling down on eCommerce to compete with Walmart. “In And both of them are turning away from online sales. From a revenue perspective, it’s no big deal. percent of its $2.2 billion in annual revenue.

eCommerce 52

eCommerce Retail CFO Sales 52

PYMNTS

JULY 2, 2020

Downtowns everywhere from Maine to California are dealing with varying degrees of economic and existential pain as a result of the pandemic, but nowhere is the pain as acute as in college towns. Their economic activity has tended to insulate college towns from the swings of the business cycle,” says a report in The Hill.

Economics 57

Economics Construction eCommerce Retail 57

PYMNTS

OCTOBER 30, 2020

India and Brazil, with focuses ranging from business banking technology to food and grocery B2B eCommerce. million in Series A funding, The Economic Times of India said this week. Also based in India is Jumbotail , a B2B eCommerce platform focused on the food and grocery arena. This week's roundup includes startups from the U.S.,

B2B 64

B2B eCommerce Banking Startups 64

PYMNTS

APRIL 22, 2020

Nonetheless, two Chinese eCommerce giants are staking out turf in COVID-19 testing as the pressure builds to test more people and get the world economy on track. Mohamed El-Erian, chief Allianz economic advisor, said the U.S. government, after its initial attempt, has still not rolled out a national testing program for the coronavirus.

eCommerce 64

eCommerce Economics Planning 64

PYMNTS

NOVEMBER 25, 2019

Wayfair play out for nearly two years, as states unfurl all kinds of economic nexus and marketplace facilitator policies. They must, therefore, figure out which jurisdictions make them responsible for all their sales’ eCommerce taxes and which require some or all of the platforms they sell on to collect those taxes.

Economics 52

Economics Sales Compliance Auditing 52

PYMNTS

SEPTEMBER 15, 2020

This growth has understandably made online shopping a high priority for retailers aiming to grab consumers’ attention, but it also means that eCommerce is becoming fiercely competitive. percent of these companies expected to rely more heavily on eCommerce once the pandemic has dissipated. Other recent PYMNTS research found that 50.1

eCommerce 53

eCommerce Retail Economics Leverage 53

PYMNTS

JANUARY 7, 2021

eCommerce was the name of the game for consumers and retailers in 2020, with merchants’ success hinging on the power of rapid innovations and intuitive responses to consumers’ demands. Customers and retailers alike faced numerous challenges last year, however, ranging from intermittent lockdowns to economic uncertainty.

eCommerce 67

eCommerce Retail Sales Economics 67

PYMNTS

MAY 22, 2020

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

eCommerce 52

eCommerce Forecasting Economics Currencies 52

PYMNTS

JANUARY 10, 2019

Chile is considering a 19 percent tax on multinational eCommerce companies like Amazon, Netflix and Uber. The Chilean Chamber of Commerce, the Confederation of Production and Commerce and the Organisation for Economic Co-operation and Development (OECD) are all backing the tax rate.

eCommerce 69

eCommerce Economics Finance 69

PYMNTS

OCTOBER 24, 2019

Wayfair ruling gave states and cities permission to tax remote sellers and online marketplaces based on their economic participation in the state, regardless of whether they had physical presences. The dispute continues over exactly what kinds of companies and activities qualify for new eCommerce sales taxes. The 2018 South Dakota v.

eCommerce 40

eCommerce Sales Economics Retail 40

PYMNTS

JUNE 11, 2020

The pandemic-driven digital shift means that eCommerce buyers will need some help assembling their purchases. has catered to the eCommerce boom similarly to how TaskRabbit helps consumers assemble furniture and other home goods. Now, Banhidy and his team have generated demand from top auto manufacturers and retailers, leading to a $4.5

eCommerce 56

eCommerce Manufacturing Education Retail 56

PYMNTS

SEPTEMBER 4, 2019

Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. In fact, the 75 largest online retail marketplaces in the world were responsible for nearly half of all global eCommerce sales in 2017. that would surpass any thresholds for being exempted from economic nexus taxes.

Sales 51

Sales eCommerce Compliance Economics 51

PYMNTS

FEBRUARY 18, 2020

Can monetary policy cure the ills of an economic slowdown caused by the Coronavirus ? In a series of actions aimed at boosting liquidity (and, by extension, economic stability), China’s central bank has pumped money into the country’s financial system, which had been slowing markedly even before the pandemic.

Economics 52

Economics Banking Retail Financial Systems 52

PYMNTS

SEPTEMBER 16, 2016

15) revealed that the eCommerce market took a small dip in sales during the third quarter. Q2 saw eCommerce sales increase by 15.8 In fact, the National Retail Foundation released its 2015 economic forecast in February with estimates of just a 3.1 Department of Commerce on Thursday (Sept.

eCommerce 71

eCommerce Retail Sales Economics 71

PYMNTS

OCTOBER 4, 2019

Through the partnership, PFS members can have access to their own custom eCommerce sites, complete with full-fledged payment capabilities. For PFS members who don’t have the time or money required to create an eCommerce website, First American has stepped in to simplify the process and make it economically feasible.

eCommerce 49

eCommerce Economics Securities Sales 49

PYMNTS

JUNE 10, 2020

Yale University economics professor Rohini Pande, who researches women’s employment patterns in India, told the Times that she expects to see more young women there pushed into marriages and away from careers. The group said it’s also trained 550 women to understand eCommerce technology well enough sell fashion and apparel products. “We

eCommerce 57

eCommerce Leverage Startups Economics 57

PYMNTS

JANUARY 28, 2019

Snapdeal, the Indian eCommerce company, is backing India’s new eCommerce rules that will hurt Amazon.com and Walmart, saying in a letter to the federal government that protests over the new legislation underscore just how necessary is is. Reuters , citing the letter Snapdeal penned on Jan.

eCommerce 46

eCommerce Compliance Manufacturing Forecasting 46

PYMNTS

AUGUST 16, 2019

Despite Kaola’s impressive growth, NetEase, known for its gaming and music operations, has been looking to sell its eCommerce unit for most of the year. The numbers seem to show that despite economic slowdowns and an ongoing trade war with the United States, the Chinese consumer is still spending. billion yuan. billion yuan.

eCommerce 46

eCommerce Economics Sales Retail 46

PYMNTS

MARCH 23, 2020

In today’s top news, state-owned financial institutions in China are offering incentives to boost consumer lending, and economists at Goldman Sachs and Morgan Stanley predict the coronavirus will be economically devastating. Beijing is looking at personal lending as a way out of the economic crisis brought on by the coronavirus.

Economics 56

Economics Banking Transportation Forecasting 56

PYMNTS

FEBRUARY 6, 2019

Chinese upstart eCommerce site Pinduoduo (PDD) is raising more than $1 billion to help compete with Chinese giants like Alibaba and JD.com, according to reports. The company puts a twist on the traditional eCommerce playbook by offering a social aspect – shoppers who team up with friends or family can get discounts by making group orders.

eCommerce 53

eCommerce Profit and Loss Securities Entertainment 53

PYMNTS

OCTOBER 28, 2016

India may hurdle the United States as the world’s second-biggest eCommerce market over the next two decades, research from Worldpay estimates. At the same time, as India sees wages growing and younger people gaining economic traction, internet usage will grow, too, to 730 million from 250 million at present.

eCommerce 69

eCommerce Economics Retail Planning 69

PYMNTS

NOVEMBER 16, 2020

US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. The all-cash deal gives PNC the U.S. unit of Spain-headquartered BBVA. The new combined bank will be the fifth-largest retail bank in the country.

Economics 57

Economics Forecasting Education Accounting 57

PYMNTS

JULY 27, 2020

And while apparel sales have begun to somewhat recover in response to massive discounting and enhanced eCommerce function, sales of athleisure wear and workout clothes are growing much faster than average. consumers suddenly faced much less need to dress up.

Economics 73

Economics Sales eCommerce Technology 73

PYMNTS

OCTOBER 27, 2016

Retailers must take action now to address these issues, which are not economically sustainable.”. The increase in eCommerce penetration rates for brick-and-mortar retailers is coming at a very high cost,” Karabus said, “especially in situations when most eCommerce sales are as a result of a channel shift.”.

eCommerce 63

eCommerce Retail Profit and Loss Sales 63

CFO News

FEBRUARY 27, 2024

India is Ikea's top investment priority market due to its economic growth and development. The company plans to tap into the growing furniture market, expand its ecommerce services, and open more stores. Ikea is in dialogue with the Indian government to set quality standards for its products.

Investments 52

Investments Marketing Economics eCommerce 52

PYMNTS

SEPTEMBER 5, 2018

B2B eCommerce platform Udaan has caught the attention of investors to the tune of $225 million , marking what reports on Tuesday (Sept. According to The Economic Times , Udaan hit the $1 billion valuation mark after 26 months. 4) said is now the fastest-growing unicorn startup in India.

B2B 40

B2B eCommerce Valuation B2C 40

PYMNTS

OCTOBER 11, 2019

Richard Asquith, vice president of Global Indirect Tax at Avalara , told PYMNTS in a recent interview that eCommerce tax policies are fragmented when viewed across the international stage — and they’re about to get even more challenging. The marketplaces take legal title to what’s being sold and are responsible for the VAT calculation.

eCommerce 49

eCommerce Invoicing B2C Sales 49