Future CFO

OCTOBER 7, 2021

Southeast Asia emerged as the fastest-growing online retail market globally, crossing US$50 billion and registering an increase of 53% in 2020, said Forrester recently when releasing a report on online retail. . Forrester forecasts that online retail’s share of total retail will double to 4% between 2019 and 2021.

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Forecasting Retail Accounting Sales 52

PYMNTS

SEPTEMBER 18, 2020

When the pandemic first took hold of the retail industry in March and April, the phrase “it’s hard to forecast during a pandemic” was heard in most every executive interview or earnings call. Now that the holiday sales season is imminent, the operative phrase is … well … “let’s try to forecast during a pandemic.”.

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Forecasting Economics Advertising Retail 91

CFO Share

AUGUST 5, 2021

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. 201504011 , the following costs are tax deductible business expenses: For marijuana retailers: Price of marijuana purchased, less trade or other discounts.

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Forecasting GAAP Profit and Loss Accounting Principles 96

PYMNTS

JULY 22, 2020

Goldman Sachs has predicted that online shopping will expand by 19 percent each year during the next three years to come, which marks a rise from its past forecast of 16 percent. Goldman Sachs also noted that eCommerce penetration rose to more than 40 percent in May from 16 percent of retail spending domestically in the first quarter of 2019.

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Forecasting eCommerce Sales Retail 104

PYMNTS

DECEMBER 4, 2020

Black Friday sales stretched across the entire month of November as retailers launched special deals as early as Nov. He added that the company's clients also have the ability to combine payment data with treasury tools for improved “cash flow reporting, forecasting and utilization.”.

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Forecasting Benchmarking eCommerce Treasury 115

CFO News

SEPTEMBER 24, 2023

S&P Global Ratings has maintained its growth forecast for India at 6% for the current fiscal year. S&P also revised up its retail inflation forecast to 5.5% The agency cited factors such as the slowing global economy, the risk of subnormal monsoons, and the delayed impact of rate hikes. due to higher global oil prices.

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Forecasting Retail 52

PYMNTS

SEPTEMBER 30, 2020

In today’s top retail news, Spiceology aims to shake up the D2C realm, and small and medium-sized businesses (SMBs) face decisions of how — or whether — to compete with Amazon’s October Prime Day event. 13 and 14 in this year of unpredictable and unprecedented retail happenings. Spiceology Shakes Up The D2C Status Quo. Big Lots, Inc.

Forecasting 75

Forecasting Retail eCommerce Sales 75

PYMNTS

JANUARY 14, 2021

The San Diego-based pet care chain is pricing its 48 million shares of Class A common stock at $18 each, beating forecasts. The nationwide chain — which operates about 1,470 retail stores selling pet supplies and professional services like veterinary care — is changing its name to Petco Health and Wellness in conjunction with the listing.

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Forecasting eCommerce Retail Sales 71

Future CFO

DECEMBER 11, 2023

The CFO role has been seeing shifts in the retail industry recently, as the position is seemingly no longer tied to the finance function per se, according to Ernst & Young. Acing the technology revolution One of the key takeaways from the discussion was the integral role of technology in modern retail operations.

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CFO Retail Forecasting Technology 52

PYMNTS

DECEMBER 18, 2019

Retail analysts expect this year’s Super Saturday to surpass all other days in 2019. The president at retail consultancy Customer Growth Partners, Craig Johnson, said he expects that day to see spending of around $34 billion this year. .

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Sales Retail Forecasting Investments 52

CFO News Room

NOVEMBER 23, 2022

Retail finance chiefs are entering the busiest shopping season of the year with declining profit margins as their companies offer more discounts to compete for sales and clear out excess stock. . Among retailers in the S&P 500 that reported financial results through Nov. in the third quarter from 13.2%

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Retail CFO Prioritization Corporate Finance 100

CFO News Room

NOVEMBER 15, 2022

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. s retail insights division. from 2021 to $188.2 Kroger CIO Yael Cosset. Suvajit Basu.

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Startups Retail Economics Technology 100

PYMNTS

NOVEMBER 1, 2019

A new report by Moody’s Investors Service predicts that growth for retailers will slow due to the costs of integrating eCommerce with brick-and-mortar operations as well as increasing price wars between companies, according to a report by CNBC. The company slashed the operating profit forecast for 2019 to between 2 percent and 3 percent.

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Forecasting Retail eCommerce Sales 40

PYMNTS

JUNE 9, 2020

The latest numbers from the New York-based research group exceeds its earlier forecast of 15,000 retail closings this year. The pandemic has already pushed several large retailers to consider bankruptcy. Brooks Brothers, which calls itself the nation’s oldest retailer, and RTW Retailwinds Inc.,

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Forecasting Retail Numbers Sales 52

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.

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Forecasting Retail Sales Economics 45

PYMNTS

DECEMBER 4, 2020

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

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Forecasting eCommerce Retail Sales 56

PYMNTS

DECEMBER 19, 2019

With the growth of eCommerce sales, the number of products consumers are sending back to retailers is on the rise. A study by commercial real estate services company CBRE, in conjunction with Optoro, found that shoppers are forecasted to return $41.6 billion in products purchased online this November and December.

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Forecasting eCommerce Retail Sales 52

CFO News Room

JANUARY 22, 2023

after the company cut its annual profit forecast for its fiscal year following weak holiday sales. The retailer reported that net sales for the holiday period slipped 3.5%, and that it now expects annual revenue growth at the lower end of the 5% to 7% range it previously gave. Nordstrom – Nordstrom shares fell 6.5%

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Forecasting Retail Sales Marketing 130

PYMNTS

SEPTEMBER 29, 2020

Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Among retailers not in bankruptcy, there were 4,228 store closures, including Inditex with 1,000 closures and Starbucks with 400, the report stated.

Retail 107

Retail Forecasting eCommerce Numbers 107

PYMNTS

AUGUST 14, 2020

retail and food services sales for July of $536 billion, marking a rise of 1.2 The increase fell below estimates, with economists polled by Dow Jones having forecast a rise of 2.3 The increase fell below estimates, with economists polled by Dow Jones having forecast a rise of 2.3 Retail trade sales were higher by 0.8

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Sales Retail Forecasting eCommerce 71

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%

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PYMNTS

AUGUST 13, 2018

Today’s coverage includes the newest sales figures from the National Retail Federation (NRF), along with two stories about new revenue paths for Amazon. NRF Increases Sales Forecast For 2018. Retail sales are expected to rise by at least 4.5 percent over 2017, compared to the 3.8 percent to 4.4

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PYMNTS

JUNE 29, 2020

Sales of new cars are expected to be off by nearly 6 percent from a year ago, according to a joint forecast by J.D. Power’s pre-COVID-19 forecast and 11.3 This represents a significant improvement from May when retail sales were off 20 percent from the pre-virus forecast. percent decrease compared with J.D.

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Forecasting Sales Manufacturing Retail 52

CFO Selections

MAY 12, 2023

There is a misconception that business services companies do not need to prioritize cash flow management in the same way that retail businesses do because they do not have the same kind of inventory demands. However, cash flow planning is just as important for service providers as it is for retailers because cash is the lifeblood of both!

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Cash Flow Forecasting Forecasting Prioritization Retail 52

PYMNTS

NOVEMBER 16, 2020

Rakuten , a Japanese tech company specializing in digital eCommerce solutions for retailers, is introducing a new subsidiary to bolster physical stores. Tentatively called Rakuten DX, the new unit will launch schemes for digital transformation at retailers’ physical shops, Rakuten said in a statement on Monday (Nov.

Retail 86

Retail eCommerce Forecasting Technology 86

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.

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Cash Flow Forecasting Forecasting Invoicing Cash Management 71

PYMNTS

MARCH 10, 2020

Analysts had forecast fiscal 2020 net revenue at $1.92 Some Stitch Fix investors are afraid the Silicon Valley firm has “grown large,” and that its recent direct buy option “is a validation that ‘fixes’ are reaching a saturation point,” said BMO Retail Analyst Simeon Siegel. As of 3:55 p.m. billion to $1.93 billion to $1.84

Forecasting 52

Forecasting Retail Sales Marketing 52

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

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Retail Forecasting Sales Economics 75

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. .

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Sales Retail Forecasting Numbers 53

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

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Sales Retail Economics Forecasting 92

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. Overall Chinese retail sales of consumer goods dropped 2.8

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eCommerce Retail Sales Forecasting 92

PYMNTS

JUNE 26, 2020

Jesse Edgerton, an analyst, discovered that heightened eatery spending in a state forecast a new instances of the virus in that location three weeks subsequently, CNBC reported. Greg Abbott , the governor, said current rules for retail and restaurant capacity could stay, but no further actions would occur so long as cases were on the rise.

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Forecasting Retail 89

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.

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Retail Economics Forecasting Sales 82

PYMNTS

MAY 21, 2020

As eCommerce revenue has risen, so has the need for consumers to return their purchases, sometimes surprising retailers that might not have seen the order scale they’ve seen for April and May. The first was from retail clients. Sharma and his team put a lot of effort behind retail advocacy. The issue at hand is returns.

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Retail eCommerce Forecasting Sales 89

Future CFO

JANUARY 4, 2023

Digital native retail businesses are expected to see resounding success in the coming few years, but their existing strategies might need a tweak soon as traditional retailers are catching up, said Bain & Company recently. Digital native retail businesses are retailers which initially operated exclusively online, Bain defined.

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Retail Profit and Loss Advertising Forecasting 52

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.

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Forecasting Retail Economics Banking 130

PYMNTS

OCTOBER 30, 2019

internet retailers including Walmart and Amazon. Cyber Monday sales are forecasted to be up 19 percent over last year, reaching $9.4 Total retail spending online and offline is expected to increase by 4 percent. . The shorter shopping cycle means that retailers will likely start sales earlier than ever before.

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Forecasting Retail Sales eCommerce 43