PYMNTS

NOVEMBER 17, 2020

retail sales rose 0.3 billion, missing forecasts but still up for the sixth consecutive month, according to the monthly U.S. Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 A Bloomberg survey forecasted a 0.5 September retail numbers were up 1.6 Numbers were up 8.2

Sales 53

Sales Retail Forecasting Numbers 53

PYMNTS

JULY 24, 2020

Britain’s stores have become the envy of the retail world. Reuters reports retail sales returned to near pre-COVID-19 lockdown levels last month when so-called non-essential stores in England reopened. In June, sales volumes increased by 14 percent from May, surpassing forecasts in a Reuters poll of economists. Sales were off 1.6

Retail 75

Retail Forecasting Sales Economics 75

CFO News Room

JANUARY 21, 2023

While Netflix missed earnings expectations, it added more subscribers than analysts were forecasting. after CEO Sundar Pichai announced the company will lay off 12,000 employees and explained in a memo that the company “hired for a different economic reality than the one we face today.” year over year. Source link

Pharmaceutical 130

Pharmaceutical Forecasting Sales Retail 130

PYMNTS

SEPTEMBER 15, 2020

China saw retail sales increase last month for the first time since the COVID-19 outbreak, another sign of the country’s wider recovery. The latest numbers were a surprise as economists had predicted retail sales would be flat. The latest numbers were a surprise as economists had predicted retail sales would be flat.

Sales 64

Sales Retail Economics Forecasting 64

PYMNTS

JULY 17, 2020

retail and economic recovery is still facing serious headwinds. retail sales, which exceeded forecasts in June. Retail spending increased 7.5 What was not clear was the effect stimulus funds made on retail spend. But the May and June spikes returned retail sales levels to pre-pandemic numbers.

Retail 63

Retail Treasury Economics Sales 63

PYMNTS

JUNE 10, 2020

As retailers reopen and take stock of new post-pandemic consumer dynamics, the role of industry trade groups is changing. Groups like the National Retail Federation (NRF) focused more on economic forecasts and supply chain issues as other advocacy groups that have taken the fight for more stimulus dollars to Washington, D.C.

Retail 56

Retail Forecasting Communication Education 56

Future CFO

DECEMBER 2, 2019

Hong Kong’s retail sector continues its slump, with sales by value shrinking by 24.3% year-on-year in October, a record drop for the city which experienced nine consecutive months of retail contraction. By volume, retail sales plunged 26.2%, according to government numbers. YoY) and September (-40.8%YoY). in September.

Retail 40

Retail Forecasting Economics Budgeting 40

PYMNTS

MARCH 30, 2020

retail picture is bleak in this time of COVID-19. The Confederation of British Industry (CBI) said on Thursday (March 26) that its monthly survey of retailers showed the weakest outlook since April 2009. The CBI says retail sales volumes will fall sharply to April, with retailers more pessimistic than at any time since April 2009.

Retail 56

Retail eCommerce Budgeting Sales 56

PYMNTS

NOVEMBER 15, 2018

Basket sizes were also reported as gaining in size, though currency headwinds took their toll in light of recent overseas investments by the retail giant, meaning revenue came in south of analyst estimates. “We We have momentum in the business as we execute our plan and benefit from a favorable economic environment in the U.S.,”

Forecasting 46

Forecasting Currencies Economics eCommerce 46

PYMNTS

MARCH 23, 2020

The worldwide number of coronavirus cases has increased twofold within a week, exceeding 300,000, with approximately 13,000 fatalities. Bangladesh, which is said to be the largest exporter of clothing outside of China , has been producing constant economic gains. The economic shortfall could reach up to $1.5

Retail 53

Retail Manufacturing Economics Forecasting 53

PYMNTS

FEBRUARY 21, 2020

The coronavirus has far-reaching impacts that extend beyond health, with a wide range of economic effects in sectors ranging from transportation to telecom and retail. And, in brick-and-mortar news, Uniqlo operator Fast Retailing has reportedly reopened roughly 100 retail locations in China as of last week.

Transportation 132

Transportation Economics Compliance Forecasting 132

PYMNTS

MAY 19, 2020

The results reversed a trend from last quarter, where the chain was one of many physical retailers facing a tepid holiday season that missed analyst expectations for sales, comparable-sales growth and earnings across the board. But things have reversed dramatically for the retailer amid the COVID-19 pandemic. percent to $134.6

Retail 88

Retail Restructuring CFO eCommerce 88

PYMNTS

SEPTEMBER 16, 2016

ECommerce sales were better than expected in Q2 but dipped in the third quarter, according to Internet Retailer. Non-store eCommerce sales for the three-month period June to August showed an increase of almost 12 percent compared to the previous year, according to the Monthly Retail Trade Report.

eCommerce 62

eCommerce Retail Forecasting Sales 62

PYMNTS

APRIL 18, 2019

Spring has sprung, as March marched to the best showing of monthly retail sales data in a year and a half. In terms of headline numbers, the data released by the Commerce Department shows that sales were up 1.6 percent expected by a consensus forecast of economists. percent), total core retail sales were up 90 basis points.

Sales 42

Sales Retail Forecasting Economics 42

PYMNTS

FEBRUARY 14, 2018

Retail sales in the U.S. Department of Commerce show retail sales decreased 0.3 Economists had not been expecting a contraction, and retail sales had been forecast to rise 0.2 Year-on-year, retail sales numbers rose 3.6 economic activity, and was reported to have picked up at a 3.8 percent in January.

Sales 40

Sales Retail Forecasting Economics 40

CFO News Room

DECEMBER 9, 2022

The 1% levy on buybacks , which takes effect in January, could cost companies billions of dollars, but a number of executives say they expect to continue repurchasing company stock. home improvement retailer. a sporting goods and outdoor recreation retailer. Executives from auto retailer. internet retailer.

Finance 100

Finance CFO Corporate Finance Healthcare 100

PYMNTS

JULY 17, 2020

The British Fashion Council (BFC) said it “welcomes” the assistance that has been put into place by the government, but notes that a number of fashion companies could not access the programs, according to a statement. Revenues are also forecasted to fall to £88 billion this year from £118 billion last year. A trade group for the U.K.

Forecasting 57

Forecasting Retail Economics Numbers 57

PYMNTS

SEPTEMBER 15, 2016

based retailers slipped more than had been forecast last month. percent as measured against July numbers, which represents the first actual decline in five months and comes after a revised 0.1 percent as measured against July numbers, which represents the first actual decline in five months and comes after a revised 0.1

Sales 46

Sales Retail Benchmarking Forecasting 46

PYMNTS

MAY 15, 2020

Economic Policy Institute Senior Economist Elise Gould said per the report, “Latest JOLTS data further illustrates the catastrophic COVID-19 labor market.”. million staffers receive pink slips, while 908,000 people lost their positions in the retail industry. million by 9.5 million in March. million by 654,000.

Forecasting 89

Forecasting Economics Retail Numbers 89

PYMNTS

JANUARY 15, 2021

Despite the ongoing pandemic, retail holiday sales were 8.3 percent higher in 2020 than in 2019, surprising even the National Retail Federation (NRF). Despite unprecedented challenges, consumers and retailers demonstrated incredible resilience this holiday season,” said NRF President Matthew Shay in a statement. 31 were $789.4

Sales 52

Sales Forecasting Entertainment Retail 52

PYMNTS

MARCH 19, 2020

The coronavirus is closing malls and leading to layoffs at restaurants while boosting laptop sales amid a move to remote work, among other economic impacts. The National Restaurant Association, for its part, forecasts that 5 million to 7 million restaurant positions will be lost over the three months to come.

Retail 52

Retail Manufacturing eCommerce Forecasting 52

PYMNTS

MAY 15, 2020

But as more unsettling economic data has piled up amid the continuing coronavirus pandemic, the central bank adjusted its estimate. That pushed the total number of claims filed since COVID-19 began to a record 36.5 GDPNow is not an official forecast of the Atlanta Fed. Jobless claims for the week ending May 9 were 2.98

Forecasting 60

Forecasting Economics Banking Sales 60

PYMNTS

MARCH 19, 2020

The number of people applying for unemployment benefits is now at its highest level since 2017 after Hurricane Harvey, the Labor Department said. Economists have forecast that layoffs would escalate in response to the pandemic and associated efforts to contain the spread. . “The economist at Capital Economics.

Entertainment 56

Entertainment Economics Treasury Forecasting 56

PYMNTS

JULY 27, 2020

The group’s AFP Corporate Cash Indicators (CCI) also showed that there are only 24 percent of businesses intent on increasing cash holdings next quarter — a number that forecasts hard times ahead, the release stated. Over a quarter did so to offset debt. The pandemic has increased fears from U.S.

Forecasting 56

Forecasting Treasury Economics Finance 56

Jedox Finance

SEPTEMBER 3, 2020

The room for poor assumptions and missed forecasts shrank. For some industries like retail and travel, there was virtually no room at all. For the CFO, where collaboration is critical around the numbers , they must go further. Now planning needs direct third-party data feeds like health, policy, and socio-economic drivers.

Forecasting 81

Forecasting CFO Planning Budgeting 81

PYMNTS

NOVEMBER 20, 2017

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

Retail Math Leverage Economics 54

PYMNTS

APRIL 29, 2020

The recession will be worse than the one we went through from 2007 to 2009,” said Sung Won Sohn, economics and business professor at Loyola Marymount University in Los Angeles. By April 18, the number rose in excess of $26 million. Retail sales — roughly 25 percent of household spending — sank 8.7 Unemployment last month was 4.4

Economics 52

Economics Forecasting Numbers Sales 52

PYMNTS

DECEMBER 7, 2020

"Small businesses face similar challenges that big retailers face when they transact online, because through marketplaces, they are able to reach out to millions of consumers," he told PYMNTS in a recent interview. But most people forget that we're still talking about small businesses with a limited number of resources.".

eCommerce 142

eCommerce Finance B2C B2B 142

PYMNTS

JUNE 14, 2018

Sizzle of the Week: Retail’s 2018 Rebound. Retail has had a rough couple of years, as most players that aren’t Amazon have struggled to cross the digital, omnichannel chasm. On the whole, with some notable exceptions, retail has landed on our Fizzle list more often than the Sizzle list in recent memory. Retail sales are up 5.9

Retail 43

Retail Sales Healthcare Economics 43

PYMNTS

FEBRUARY 5, 2020

Drilling down into the numbers a bit, JPMorgan said CECL will bring its credit loss allowance 30 percent higher, by about $4.3 This drives up cost to originate new loans, especially for the lower credit quality borrowers to whom many retail card portfolios skew.” These are not only the concerns of big banks.

Accounting 63

Accounting Banking Forecasting CFO 63

PYMNTS

JULY 22, 2020

It would be much easier to name all the segments not hit hard by COVID-19 and the subsequent economic chaos it has unleashed than it would be to name all those that have been. The restaurant industry recently edged out retail for the dubious distinction of having the highest total U.S. business closures. That included 25.8

Economics 56

Economics Forecasting Numbers Retail 56

PYMNTS

APRIL 13, 2018

It was a record-breaking first quarter for retailers in the U.S. According to a report issued by Moody’s earlier this week, the retail sector managed to notch a record number of defaults during Q1 2013, with nine retailers defaulting on their debt. corporate borrowers has increased to 3.9 percent, compared with 3.4

Retail 46

Retail eCommerce Forecasting Economics 46

PYMNTS

AUGUST 12, 2020

As detailed by NPR, though at least some verticals, such as grocery stores, accept card transactions (and thus see at some volume of contactless payments), a significant number of smaller businesses rely on cash to keep revenues coming in. percent of total value came from card payments, slightly outpacing the 48.3 percent done in cash.

Startups 88

Startups eCommerce Forecasting Banking 88

PYMNTS

SEPTEMBER 16, 2016

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. The Monthly Retail Trade Report for August also showed that nonstore sales increased 11.9 Earlier this year, projections delivered only moderate retail growth expectations for the year.

eCommerce 71

eCommerce Retail Sales Economics 71

PYMNTS

FEBRUARY 5, 2020

Drilling down into the numbers a bit, JPMorgan said CECL will bring its credit loss allowance 30 percent higher, by about $4.3 This drives up cost to originate new loans, especially for the lower credit quality borrowers to whom many retail card portfolios skew.” These are not only the concerns of big banks.

Banking 56

Banking Forecasting CFO Concentration 56

PYMNTS

JUNE 3, 2020

Last week’s home loan applications were up 5 percent compared to the previous week, representing the seventh consecutive week of rising numbers. Purchase applications continued their recent ascent,” said Joel Kan , MBA’s associate vice president of economic and industry forecasting.

Economics 52

Economics Forecasting Marketing Securities 52

PYMNTS

MAY 19, 2020

Analysts had forecasted high numbers from the chain, but the eCommerce spike blew away even the highest expectations. This is just speeding up the significant change the retail industry was already undergoing. By Walmart’s fiscal calendar, the quarter began Feb. chief financial officer, in the earnings announcement.

eCommerce 86

eCommerce Forecasting Retail Sales 86