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Financing Gets Flexible As eCommerce Sellers Brace For Seasonality Whiplash

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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.

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

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US Economic Forecasts Grim Amid Escalating COVID-19. Fears of economic freefall are mounting as the U.S. continues to post an alarming increase in the number of new COVID-19 cases without word of any additional government stimulus. The all-cash deal gives PNC the U.S. unit of Spain-headquartered BBVA.

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Walmart Crushes Earnings; eCommerce Soars 74 Pct

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Walmart announced its first-quarter earnings this morning (May 19), crushing even the highest expectations for in-store as well as eCommerce revenue. In-store comps were up 10 percent over 2019 and eCommerce spiked 74 percent as consumers stocked up on essential and nonessential goods. It is now available in 2,000 stores.

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Retail Sales Numbers Predict A Cruel April

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With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. While the overall number broke records on the negative side, binge-buying put food and beverage at a record 25.6 However, the unprecedented nature of the COVID-19 crisis make these numbers difficult to act on. Overall sales fell 8.7

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Today In Payments: Default Fears Mount As China’s Banks Encourage Loans; Goldman, Morgan Stanley Predict Economic Devastation

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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.

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US eCommerce On A Tear In Q3

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15) revealed that the eCommerce market took a small dip in sales during the third quarter. percent in August, which is a healthy gain for the quarter, it’s still not as strong as last quarter’s numbers, Internet Retailer reported. Q2 saw eCommerce sales increase by 15.8 Department of Commerce on Thursday (Sept.

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Walmart Forecasting A Big Finish For 2018

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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.,” percent analysts were forecasting.