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Eard Consumer Confidence Holds Steady In July
While web users have harnessed eCommerce in numbers that havent been seen before amid the COVID-19 heath crisi stanley mugs s, eMarketer forecasts the worldwide retail online shopping sales will slow down to a 16.5 percent growth rate this year down from 20.2 percent in 2019. The firm forecasts an overall $3.914 trillion in online shopping sales in 2020 per an announcement.eMarketer said nine nations are forecast to experience over 20 percent growth in retail online shopping sales in 2020, headed up by Malaysia, Spain and the Philippines. Those countries faced strong impacts from the pandemic per the ann stanley water bottle ouncement.Moreover, Asia-Pacific will comprise 42.3 percent of retail sales, Western Europe will account for 16.2 percent and North America will take 22.9 percent. And 62.6 percent of all digital sales will occur in Asia-Pacific.The company had predicted that worldwide retail would grow by 4.4 percent to $26.460 trillion this year prior to the pandemic. The measurements had been 18.4 percent growth and $4.105 trillion in sales for online shopping.But eMarketer dropped its retail predictions by more than 10 percentage points and its online shopping outlook by 2 percentage points. The move decreased its overall retail online shopping sales forecast by $190.79 billion.In April, news surfaced that Forrester聽predicts that w stanley us orldwide retail sales this year will fall by an average of 9.6 percent throughout the globe. The company also predicts that it will take four years for merchants to catch up w Wdkc Avalara Unveils eInvoicing Compliance Solution for Multinational Businesses
PayPals $2.2 billion acquisition of iZettle, the European FinTech, will enable it to help small businesses take on Amazon and other larger re stanley usa tail and eCommerce players.The Wall Street Journal, citing an interview with PayPal Chief Executive Dan Schulman, reported that the deal is part of PayPals strategy to create a more expansive offering to retailers that are hawking products in physical stores as well as online as they push back against competition from Amazon and others. Its the largest acquisition for the digital payment company, putting it in more competition with Square, which has long catered to the small businesses with physical locations. Its a market聽the聽Wall Street Journal r kubki stanley eported PayPal has largely ignored in the past. Helping small businesses compete with the giants in the market really resonated for both of us, Schulman said in the interview with the WSJ. By combining both companies services, kubki stanley PayPal can provide a full-service, one-stop-shop solution to existing and potential customers, the executive noted.In addition to giving PayPal more of a foothold with small businesses, the acquisition of iZettle is likely to help the company offset the hit its expected to receive聽by losing eBay as a customer. Earlier this year聽eBay said it would manage payments from buyers and sellers on its website, prompting a sell-off in shares of PayPal. The WSJ noted that about one-fifth of its revenue last year came from eBay. The stock has since recovered from that.PayPal is p |
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