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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. All in all, eCommerce sales added 0.5

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Southeast Asia’s growth 2022-23 to outpace other markets

Future CFO

The digital consumer population in Southeast Asia is still growing steadily and is forecast to reach 370 million by end-2022, accounting for 82% of the total population of 15-year-olds and above. This figure is projected to rise further to 402 million by 2027, accounting for 88% by the end of the forecast period.

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US November Car Sales Fell, But That Doesn’t Reflect Underlying Trends

PYMNTS

That’s because when adjusted for three fewer selling days and one less weekend, there was almost no decline at all — meaning an economically crucial rebound in U.S. Nonetheless, the improvement is a positive sign for the country’s economic recovery.”. Headline data showing a 15 percent drop in November U.S. car sales is still intact.

Sales 73
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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

percent forecast and the 1.9 Even eCommerce giant Amazon had to switch its priority to shipping essential household and medical items amid delivery delays. The company’s online sales grew 74 percent, well above the 37 percent year-on-year growth logged in 2019’s first quarter. percent that Walmart reported for 2019’s fourth quarter.

Retail 88
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Walmart, Home Depot And Macy’s Beat Q2 Earnings Expectations

PYMNTS

percent year over year to $128 billion — well ahead of forecasts of $125.9 eCommerce and same-store sales, however, were the headline makers this time around — both were pushed by Walmart’s increasingly powerful grocery game. percent growth was forecast. billion forecast — though it was down 1.1 Q2 revenues jumped 3.8

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Online Grocery Reaches Critical Juncture

PYMNTS

The outcome will depend on how long the situation lasts and what economic ramifications it causes. For example, forecasting sales and shipment allocations three months from now may be just as challenging as planning for the next two weeks.

Sales 52
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What Walmart’s Resurgence Means For Retail And The “Pays”

PYMNTS

His economic principles were what inspired President Lyndon B. For instance, economics, he once said , is a useful form of employment for economists. And that the only function of economic forecasting is to make astrology look respectable. Meetings, he also said , are indispensable if you don’t want to do anything.

Retail 54