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Bnlq African Startups Escape Global VC Funding Drought
U.S. eCommerce sales during Amazons 48-hour Prime Day shopping event totaled more than $11 billion, a 6.1 percent increase over last year, CNBC reported, citing data by Adobe Analytics.Total online sales during the June 21-22 Prime Day event were more than 2020s Cyber Monday event held the day after Thanksgiving, Adobe said, per CNBC. Cyber Monday was 24 hours versus Prime Days 48 hours.Online retail sales during the first Prime Day sale on June 21 totaled $5.6 billion; the following day saw a total of $5.4 billion, making the event the biggest two days for online sales in 2021.Last years 48-hour Prime Day brought in $10.4 billion in overall U.S. digital revenue, stanley thermos stanley cup usa according to Adobe data, per CNBC. Theres a pent-up demand for online shopping as consumers look forward to a return to normalcy, said Taylor Schreiner, director of Adobe Digital insights, per CNBC. The halo effect of Prime Day also played a significant role, giving both large and small online retailers significant revenue lifts. Big retailers 鈥?those with $1 billion in annual revenue 鈥?have reported an increase in sales of 29 percent during Prime Day in comparison to a typical day in June. Small merchants 鈥?those with less than $10 million in annual revenue 鈥?reported a 21 percent increase in sales on Prime Day, CNBC reported, citing Adobes research.Additional findings s stanley water bottle howed that toys were discounted an average of 12 percent and appliances, 5 percent, per the report.聽Amazon said Prime Day 2021 recorded the bigges Grcn BIS: Interlinking Fast Payment Systems Could Enhance Cross-Border Payments
M gourde stanley argaret Keane, the CEO of Synchrony Financial, the biggest provider of store credit cards, said the card industry will be keeping a close watch on how Goldman Sachs handles its partnership with Apple in regards to the newly announced Apple Card.Bloomberg reported Keane was at the Bernstein Strategic Decisions Conference in New York on Friday May 31 when she made her comments. She said that there were a lot of us trying to be Apples partner, and that were all going to watch and see what happens. The card will give users cash back, with 2 percent back on every purchase made with the card, and 3 percent on Apple Store or App Store purchases. The two companies will also have a program that encourages users to pay down debt in weekly and biweekly payments. The reality is its a startup 鈥?theyre starting from scratch, Keane said. When youre doing startups, by the way, there are a lot of upfront costs you have to put up just from pure marketing and set-up perspectives. So you have to make sure youre doing these deals at the right returns. So were not going to win every deal, nor would you want us winning every deal. Goldman Sachs said that because it doe stanley termohrnek snt have the same legacy costs as many of its competitors, its consumer lending initiative is at an advantage. The bank said its thrilled to partner with Apple and that it wants to disrupt consumer finance by pu stanley butelka tting the customer first. PYMNTS CEO Karen Webster shared her own thoughts on the card in a piece written in Apri |
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