In a nutshell, Shop allows a user to discover and create a feed of businesses, receive updates from said businesses, easily order and check out, and manage shipment and returns. With its debut, Shop now yields Shopify an end-to-end e-commerce solution covering merchant services, logistics, and a consumer-facing marketplace. Does it support the ludicrous premium on the stock? Probably not. No matter, though. Betting against this ambitious digital commerce empowerment company would be folly.
Other things to check out:
Shopify Stock Has Soared. It's Time to Take Profits, Analyst Says. - Barron's
The Ottawa-based e-commerce software company's shares have been on an absolute tear. Shopify stock (ticker: SHOP) is up 61% year to date, about twice the return on Amazon.com (AMZN) shares. That has pushed the stock's valuation to dizzying heights.
With a market cap of close to $75 billion, the stock is trading at 38 times consensus estimates on 2020 revenues of just under $2 billion. Analysts expect a small loss this year, with projected profits of 54 cents a share in 2021—which gives the company a price-to-earnings ratio of more than 1,200 times next year's earnings.
New Shopify App Offers Local SMBs a Bridge to E-Commerce | M-Commerce | E-Commerce Times
Shopify on Tuesday unveiled Shop, a consumer app that lets users discover local businesses, receive relevant product recommendations from their favorite brands, check out effortlessly, and track all their online orders.
It can gather and track orders and receipts automatically, but it also works without auto-tracking.
Consumers can list their favorite stores to get a customized feed with deals, trending items and customized recommendations.
Shopify (SHOP) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
The market expects Shopify (SHOP) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 6. On the other hand, if they miss, the stock may move lower.
In case you are keeping track:
New Shopify App Helps People Shop Local | PYMNTS.com
Global eCommerce logistics platform Shopify is introducing a new app called Shop that offers personalized recommendations and helps people discover local businesses.
"We are setting out to reimagine the online shopping experience for customers — to provide them greater convenience, transparency, and personalization," Shopify said in a statement on Tuesday (April 28).
EBANX Launches Transparent Checkout for Shopify in Brazil - Multichannel Merchant
Online stores that use Shopify’s platform will be able to offer to Brazilian consumers a seamless payment experience and have higher conversion rates
CURITIBA, BRAZIL, April 29, 2020 – Today, Brazilian payments fintech EBANX announces the launch of its Sell in LatAm EBANX Checkout for Shopify, a single integration transparent checkout for foreign stores that sell to Brazil through the Shopify platform.
Shopify, Squarespace or WooCommerce: The battle of ecommerce platforms | MintTwist
The global pandemic has shaken the world and as a result, many businesses are now struggling. Almost all physical retail stores have become irrelevant, with many only open to staff to box up deliveries while others have closed trade all together.
Because of this, the digital world has never been more essential. You may already know that you need to move your business online but we bet your next questions are how and what do I use? Here we will cover why it’s essential for businesses to get online, pandemic aside, and compare three leading platforms to help get you started.
MarTech Minute: Sprinklr adds TikTok integration, Shopify launches consumer app - MarTech Today
SPRINKLE IN SOME TIKTOK. Customer experience management platform Sprinklr announced it is adding a TikTok integration, allowing advertisers to create and manage TikTok ads within its suite of social media advertising solutions. According to the company, it is the first API partner to support in-feed TikTok ads.
Why we care: The big news here is that Shopify is giving local mom-and-pop shops expanded e-commerce capabilities. This consumer shopping app — that comes complete with a local shopping feature — gives SMBs that lack the time and resources to build their own native app an avenue to connect with online shoppers. And it comes with all the bells and whistles of your standard e-commerce app: product recommendations, online ordering, purchase tracking and more.
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