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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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Today In Payments: NYC Taxi Commission Accused Of Fraud; Apple Considers Letting Users Change Default Apps

PYMNTS

Fidelity Investments’ parent company, FMR LLC, is launching an independent personal data startup called Akoya to serve as a bridge between financial institutions and data recipients. A decade ago daily deal sites like Groupon and LivingSocial were forecast to be the future of eCommerce.

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Manual Backlogs Flee In The Face Of Back-Office Digitization Sweep

PYMNTS

Fitzmaurice added that “the new [pandemic] era of operating a non-optimized back office will affect a business’ ability to make fast decisions, which, as we have seen over the course of the pandemic, is vital, given the difficulties with traditional forecasting techniques. Enterprises have been onto this for a while. “One

B2B 57
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Four Things Walmart’s Strong Earnings Say About Retailing To A Pandemic World

PYMNTS

Areas where the company showed strength and invested the most energy to change offer clue as to how U.S. 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. Net income totaled $3.99 billion, up 3.9 percent from $3.84

Retail 88
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Walmart Shares Up Across The Board On Big Earnings Beats

PYMNTS

The planet’s largest retailer by sales crushed their way through Q2, with bigger than expected gains in revenue, earnings, same-store sales and eCommerce sales than analysts were predicting before the numbers hit the wires. percent to $128 billion, ahead of analyst forecasts of $125.9 All-in revenue jumped up 3.8

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Department Store Outlook Grim For 2017

PYMNTS

After a subpar holiday shopping season, research firm Moody’s announced that it had revised down its forecast for the sector’s operating income. But leaner inventory levels and other efforts to boost earnings don’t appear to be sufficient, and as a result, we have lowered our 2016 forecast and become more cautious on 2017.”.