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India to become world's third-largest ecommerce market by 2030

CFO News

Invest India forecasts India's e-commerce to soar to $325 billion by 2030, fueled by 500 million shoppers and robust internet penetration. The country's digital transformation is driven by affordable data, smartphone usage, and a focus on rural e-commerce growth.

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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. Small Business, Big Challenges.

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Petco’s $864 Million IPO Beats Forecasts 

PYMNTS

The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. Petco is controlled by CVC Capital Partners and Canada Pension Plan Investment Board, which acquired the company in 2015 for $4.6 14), Bloomberg reported. . Founded in 1965, the company has stores across the U.S.,

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Big Lots Q3 Earnings Break Records, Blow Past Forecasts

PYMNTS

billion in revenue, surpassing Wall Street’s forecasts. The Columbus, Ohio-based chain has beat revenue forecasts three times over the last four quarters. The average revenue estimate of six analysts surveyed by Zacks Investment Research was $1.38 Discount retailer Big Lots reported a third-quarter profit of $29.9 million on $1.38

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Amazon One-Day Shipping Investments Could Impact Profits

PYMNTS

As investors monitor the impact of Amazon ’s one-day delivery investments on profit, the eCommerce retailer is set to report its Q4 earnings. The eCommerce retailer said in its last earnings report it would spend $1.5 Amazon, for its part, is forecast to post a decline in Q4 profit from $6.04

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World Bank Downgrades India’s GDP Forecast

PYMNTS

The World Bank has downgraded India’s GDP forecast due to a decrease in domestic demand. The report noted that initial policy changes should help “contain the downturn,” adding that “the main policy challenge is to address the sources of softening private consumption and the structural factors behind weak investment.”.

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China’s ‘Once-In-A-Lifetime Disruption’ For eCommerce

PYMNTS

In an interview with Karen Webster, James Huang, Payoneer ’s regional vice president of Greater China, said the seismic shifts underway signal a change in how global online consumers interact with Chinese eCommerce sellers. As Huang said, it’s been a challenging time. Inventory Buildup.