Jan Buerge has owned her store for 35 years, but never made a serious effort to sell online until ... [+] now.
When the pandemic forced Jan Buerge to shut down World's Window, the Kansas City clothing and accessories store she opened 35 years ago, she jumped into crisis mode.
Buerge is one of thousands of mom-and-pop shops who have turned to the online sales platform since the pandemic closed their doors, sending the number of new Shopify-powered stores soaring 62% between March 13 and April 24. These outlets, along with the one million merchants already using Shopify, boosted gross merchandise volume 46% to $17.4 billion in the first three months of the year.
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Shopify Launches Offering of Class A Subordinate Voting Shares | Business Wire
A total of 1,850,000 Class A subordinate voting shares will be offered by Shopify for sale under the Offering, which will be led by Citigroup and Credit Suisse (the "Underwriters").
Shopify will also grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the "Over-Allotment Option"). The Over-Allotment Option will be exercisable for a period of 30 days from the date of the final prospectus supplement relating to the Offering.
Pinterest Launches Updated Shopify Integration to Streamline the Creation of Shoppable Product
Pinterest has announced that it's updated its Shopify app , adding a new option that will enable Shopify merchants to quickly and easily feed their entire product catalog directly into shoppable Pins.
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"The app automatically creates a connection between the individual store and Pinterest, so the merchant doesn't need to edit code or add development resources, making it seamless for businesses of all sizes. Once installed, the app will allow a merchant to deploy a tag on their website [for Pin analytics], upload their product catalog and quickly publish in-stock Product Pins."
Shopify to sell more shares after hitting record high - MarketWatch
Shopify Inc. SHOP, -0.78% said Thursday afternoon that it will sell fresh shares, after the Canadian e-commerce software company roared to record highs this week. Shares sank more than 2% in after-hours trading following the news. In an announcement of filings with securities regulators in Canada and the U.S., Shopify announced it plans to sell 1.85 million new shares, slightly more than 1.5% of its current share count, in an offering led by Citigroup and Credit Suisse.
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Will Shopify (SHOP) Be The Next Amazon?
RiverPark Advisors an independently-owned investment firm, recently published its first-quarter RiverPark Long/Short Opportunity Fund commentary. During the first quarter of 2020, the RiverPark Long/Short Opportunity Fund returned 9.48% (institutional shares), compared to the total return of -19.60% by the S&P 500 Index. You should check out RiverPark's top 5 stock picks which helped them beat the market by nearly 30 percentage points.
In the said letter, RiverPark Advisors highlighted a few stocks and Shopify Inc. (NYSE: SHOP ) is one of them. Shopify is an e-commerce company. Year-to-date, SHOP stock gained 81.8% and on May 7th it had a closing price of $722.76. Its market cap is of $84.7 billion. Here is what RiverPark Advisors said:
Shopify CEO says retail changes expected in 2030 are happening today - News Info Park
The coronavirus outbreak is accelerating the growth of e-commerce, bringing changes that were expected in 2030 to today’s market, according to Shopify CEO Tobi Lutke.
That’s a huge opportunity for a company like Shopify, which sells the software tools needed to open online shopping sites across multiple channels. But it’s also causing e-commerce software to appear 10 years behind market needs, Lutke said during Wednesday’s earnings call.
Shopify's new app makes it easier for merchants to sell on Pinterest | Engadget
The Pinterest app on Shopify includes a bunch of helpful features, such as tag installation, automatic inventory updates and an ads-buying interface. The app automatically creates a connection between an individual store and Pinterest, so the merchant doesn’t have to edit code or add further resources — it’s all just there and ready to go.
This means Shopify merchants get access to distribution across Pinterest, as well as reporting and results tracking. Importantly, it’s a free service, so indie sellers ad big brands alike can get organic promotion without spending a penny. Of course, there is a paid option too, which lets merchants promote their pins as a paid ad, bringing customers directly into their brands online store.
Bloomberg - Are you a robot?
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