PYMNTS

DECEMBER 23, 2020

Liu Xiangdong, a deputy director of the China Center for International Economic Exchanges in Beijing, told CNBC that China has not seen large-scale bankruptcies of small businesses. The Asian economic powerhouse is expected to be followed by South Korea at 1.6 percent against a forecast of 5.1 percent), Russia (0.2 percent).

Economics 69

Economics Forecasting Retail Sales 69

CFO News Room

NOVEMBER 19, 2022

The apparel and footwear retailer also raised its full-year forecast and reported an unexpected rise in comparable store sales. The apparel retailer is in the midst of a turnaround effort that has involved scaling down inventories and streamlining its brand portfolio. Gap (GPS) – Gap shares rallied 5.1% Shares gained 4.4%

Profit and Loss 130

Profit and Loss Forecasting Manufacturing Sales 130

PYMNTS

OCTOBER 1, 2020

1) after the first major data report of the fourth quarter showed a continuation of America’s recent economic woes. New figures from the Bureau of Economic Analysis showed that personal income fell 2.7 It’s a quandary, experts say, that will partly depend on retailers’ efforts meeting customers where and how they want to shop.

Economics 95

Economics Retail Forecasting Securities 95

PYMNTS

MAY 22, 2020

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic. It had originally forecast 6-6.5 In 2019, China’s economy grew 6.1 percent, its lowest point in almost 30 years. percent growth for the year.

Economics 61

Economics Forecasting Retail 61

CFO News Room

NOVEMBER 5, 2022

in premarket trading despite reporting a smaller-than-expected quarterly loss and revenue that topped Wall Street forecasts. The sports betting company also raised its revenue guidance and warned a prolonged economic downturn could impact spending by its customers. in premarket action after a weaker-than-expected sales forecast.

Profit and Loss 130

Profit and Loss Forecasting Economics Sales 130

PYMNTS

MAY 15, 2020

The experts were expecting a weak retail sales report when the numbers hit the wires earlier today (May 15) – but even in an environment of diminished expectations, the number reported by the Census Bureau was a disappointment. percent economists forecasted before the release, and double the record of the 8.3 GDP, took a 16.4

Sales 92

Sales Retail Economics Forecasting 92

CFO News Room

NOVEMBER 17, 2022

The retailer also raised its guidance for full-year per-share earnings. It also raised its earnings forecast for the year but left its revenue guidance unchanged. . BJ’s Wholesale – Shares dropped 6% despite the company reporting beats on the top and bottom lines and raising its full-year forecast for per-share earnings.

Forecasting 130

Forecasting Retail Economics Banking 130

PYMNTS

AUGUST 15, 2019

After a week of uncertainty pushed by lackluster results, particularly among department store retailers, along with uncertainty over U.S.-China China trade relations, the markets got some good news in the form of July retail sales figures. July retail sales saw a 0.7 percent pickup analysts had been forecasting.

Economics 40

Economics Sales Retail Forecasting 40

PYMNTS

JANUARY 14, 2021

economy posted slight gains in the pandemic year of 2020, after closing the books on what was one of the most dismal economic fallouts in history, according to the Federal Reserve’s Beige Book report on Wednesday (Jan. Low real estate inventories combined with rising construction costs caused the continued rise of housing market prices.

Economics 63

Economics Construction Transportation Manufacturing 63

PYMNTS

FEBRUARY 9, 2017

The National Retail Federation (NRF) released its 2017 Economic Forecast this week. The NRF’s chief economist, Jack Kleinhenz, said, “It is clear that online sales will continue to expand in 2017 and provide growth for the retail industry. Retailers must decide what to do with their traditional brick-and-mortar stores.

Forecasting 45

Forecasting Retail Sales Economics 45

PYMNTS

MAY 20, 2020

Coca-Cola CEO James Quincey said he is not anticipating a fast economic rebound now that the world is reopening for business. The Federal Reserve Bank of Atlanta is forecasting that the national GDP will drop by nearly 43 percent in the second quarter — the worst since World War II.

Economics 91

Economics Entertainment Budgeting Forecasting 91

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

PYMNTS

JANUARY 11, 2021

retail rents falling in many locales by percentages even greater than those seen in or after the 2007-08 Great Recession. These decreases are historic,” the Real Estate Board of New York wrote in a new report showing that average Manhattan retail asking rents fell in all of the island’s 17 retail corridors during autumn.

Retail 82

Retail Economics Forecasting Sales 82

CFO News Room

NOVEMBER 4, 2022

Twilio — Twilio’s stock plunged nearly 36%, a day after the company issued a weaker-than-expected sales forecast. Analysts polled by Refinitiv were forecasting earnings of 23 cents per share on revenue of $4.49 PayPal — PayPal slid 5% after lowering its annual revenue growth forecast. Net sales rose 3.35

Profit and Loss 130

Profit and Loss Forecasting Economics Sales 130

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 Despite the pandemic’s negative effect on the economy, 2020 retail sales in October were 5.7 percent. .

Sales 53

Sales Retail Forecasting Numbers 53

PYMNTS

JULY 5, 2019

The same principal holds true when it comes to forecasting cash flow. The traditional task of cash flow forecasting supplemented by machine learning and artificial intelligence, “can provide users with more accurate visibility into future cash liquidity positions and suggested actions to take based on those predictions,” she said.

Cash Flow Forecasting 71

Cash Flow Forecasting Forecasting Invoicing Cash Management 71

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

CFO News Room

DECEMBER 1, 2022

Costco – Shares of retailer Costco shed nearly 6% after the company reported softer-than-expected sales figures for November that could signal a weak consumer heading into the holiday shopping season. Splunk — Splunk’s stock added 13% on solid quarterly results and an upbeat full-year forecast.

Profit and Loss 130

Profit and Loss Forecasting Retail Sales 130

PYMNTS

APRIL 24, 2020

Many of them are owned by families and have been passed through the generations, and have survived rough economic patches. The nation’s economy is forecasted to shrink 9.1 percent this year, per the newest forecasts from the International Monetary Fund (IMF). Owners know it could be a while before shopping habits rebound.

Retail 70

Retail Forecasting Economics 70

PYMNTS

JANUARY 16, 2020

With a late shopping rush around the holidays that ended a more moderate spending year, retail sales in the United States strengthened in December. Retail sales rose 0.5 The retail “control group” sales rose 0.5 percent, which was a bit higher than a median forecast in a Bloomberg economist survey. Retail sales rose 3.6

Sales 52

Sales Retail Forecasting Economics 52

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

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.

Pharmaceutical 130

Pharmaceutical Forecasting Sales Retail 130

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). Clothing sales fell 36.9%YoY

Retail 40

Retail Forecasting Economics Budgeting 40

PYMNTS

NOVEMBER 11, 2019

Economic output grew 0.3 Economists polled by Reuters had forecast a 0.4 The BoE forecasts an investment rebound if a Brexit deal removes no-deal risk but we think this is optimistic,” Nancy Curtin, chief investment officer at Close Brothers, said in the report. percent expansion.

Economics 40

Economics Forecasting Retail Sales 40

PYMNTS

FEBRUARY 14, 2020

With data indicating that consumer spending is still strong, retail sales – which are an indication of purchases at restaurants, stores and online – rose a seasonally adjusted 0.3 The results meet the forecasts of economists polled by The Wall Street Journal. economy, which comprises over two-thirds of economic output.

Sales 56

Sales Retail Healthcare Forecasting 56

PYMNTS

MAY 1, 2020

Retail is not the same as it was at the beginning of 2020 — in fact, it isn’t the same as it was a mere month-and-a-half ago, given the quick and sweeping changes that COVID-19 has brought in its wake. Amid economic uncertainty, certain retailers are adapting and innovating in ways we haven’t seen before,” Molnar told Webster. “In

Retail 79

Retail Forecasting Sales Economics 79

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

APRIL 15, 2020

Department of Commerce released its retail sales results for March, showing record-setting declines due to changes in consumer behavior and the COVID-19 lockdown. But in the details, retailers can see the damage done to some sectors and the advantage gained by others. Overall sales fell 8.7 Clothing stores dropped 50.5

Numbers 52

Numbers Sales Retail Benchmarking 52

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

JULY 24, 2020

When Indochino launched in 2007, the company wasn’t out to create a new template for the entire retail sector, just a better product with better prices and a better buying experience. After all, the pandemic has hit retail perhaps harder than any other economic sector, and an awful lot of players probably won’t make it, Green said. “I

Retail 90

Retail Forecasting Economics Technology 90

CFO News Room

DECEMBER 9, 2022

The firm’s analyst cited falling demand amid weaker economic conditions. after giving an upbeat revenue forecast and reporting better-than-expected quarterly results after the bell Thursday. However, the retailer also said it expected business trends to deteriorate. Broadcom — Broadcom gained 3.1%

Restructuring 130

Restructuring Forecasting Economics Retail 130

PYMNTS

JULY 27, 2016

Retailers might want to rejoice! percent instead of the previously forecasted 3.1 percent, the National Retail Federation said on Tuesday (July 26). Economic indicators are showing positive trends for retail,” NRF President and CEO Matthew Shay said in a statement.

Retail 40

Retail Sales Forecasting Economics 40

PYMNTS

NOVEMBER 20, 2019

Walmart, the largest retailer in the U.S., 2 and upped profit forecasts through the end of 2019. Conversely, Home Depot posted lower quarterly sales that missed Wall Street expectations, prompting it to lower year-end forecasts. percent, prompting the chain to lower its profit forecast for the rest of the year.

Retail 41

Retail Forecasting Sales Economics 41

PYMNTS

AUGUST 16, 2018

retail sales rose higher than expected last month — a sign that the economy remained strong early in the third quarter. According to Reuters , the Commerce Department revealed that, with the exclusion of automobiles, gasoline, building materials and food services, retail sales increased 0.5 percent in July, and rose 6.4

Sales 40

Sales Retail Manufacturing Forecasting 40

Barry Ritholtz

SEPTEMBER 20, 2023

With 10 days left in the Third Quarter, it seems that lots of folks have been obsessing about the various GDP Now forecasts. It uses (13 or so) inputs 1 to extrapolate a rough approximation of economic growth. The NY Fed subsequently added its version , as did other regional Fed banks. The post GDP When?

Forecasting 56

Forecasting Economics Banking Sales 56

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