As retailers look toward recovery from the coronavirus pandemic, commerce-enabling tech giant Shopify is rolling out new technology to help retailers connect their businesses online and in-store.
Shopify has long been known for powering the online stores for brands like Allbirds, Bombas, and Rebecca Minkoff.
When it was founded in 2004, Shopify primarily targeted e-commerce businesses. It launched its first in-store product about six years ago.
Quite a lot has been going on:
Why RiverPark Advisors is Bullish on Shopify (SHOP) Stock?
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 61.7% and on May 1st it had a closing price of $613.64. Its market cap is of $75.3 billion. Here is what RiverPark Advisors said:
"Shopify provides software tools enabling retail merchants of any size to display, manage and sell their products across a dozen different sales channels. SHOP's software provides an integrated back end that enables merchants to manage inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing.
Classplus raises $9M to grow its Shopify-like platform for teachers and coaching centers in India
The business-to-business startup, called Classplus , said on Monday that it has raised $9 million in its Series A financing round led by RTP Global, a prolific investor in early stage startups. Existing investors Blume Ventures, Sequoia Capital India's Surge , Spiral Ventures, and Strive also participated in the round, said the two-and-a-half-year-old startup.
As dozens of firms bet on hundreds of millions of students — and their parents — to embrace digital learning apps, Classplus, also backed by Times Internet, believes that hundreds of thousands of teachers and coaching centers that have gained reputation in their neighborhoods are here to stay.
1 Under-the-Radar Stat Shows How the Coronavirus Pandemic Is Making Shopify Even
One of the most profound shifts in consumer behavior resulting from the COVID-19 pandemic has involved e-commerce. With widespread stay-at-home orders in place, and people going to stores only when absolutely necessary, many are shopping online for the very first time, or using digital ordering at businesses they previously only patronized in person.
But to understand just how much Shopify is benefiting from these changes in behavior, investors should look at one particular under-the-radar statistic.
This may worth something:
How Shopify turns ideas into insights | BetaKit
In these unprecedented times, entrepreneurs need all the help they can get. BetaKit has teamed up with Microsoft for Startups on a new series called Just One Thing , where startup founders and tech leaders share the 'one thing' they want the next generation of entrepreneurs to learn.
Last week, Shopify released its new consumer-facing shopping assistant app . Called Shop, the new app is actually an evolution of Shopify’s old Arrive delivery tracking app.
New Shopify POS Merges In-Store, Online Sales | PYMNTS.com
Shopify is launching a "rebuilt and reimagined" omnichannel point-of-sale setup pitched to the COVID-19 era, calling it a POS that brings "in-person and online sales together in one place," according to an announcement on Monday (May 4).
"Retailers need help right now. Shopify is doing everything we can to help retailers adapt to current challenges and come back stronger," said Ian Black, director of retail at Shopify. "We are releasing our new Shopify POS to give retailers — especially small, local businesses — every possible advantage."
Returnly Joins Shopify Plus Certified App Program, Becomes Only Return Partner to Achieve SOC 2
"Helping our customers operate their business efficiently, profitably and with peace of mind is our top priority," said Eduardo Vilar, CEO and founder of Returnly. "Our recent certifications show our ongoing commitment to making merchants successful by creating a secure, reliable, and unparalleled shopping experience for their customers."
Developed by the American Institute of Certified Public Accountants (AICPA), SOC 2 certification is widely recognized as a gold standard for data security and requires companies to establish and follow strict information security policies and procedures. By achieving Type 1 certification, an independent third party has validated the design of Returnly's controls relevant to security, availability, and confidentiality.
Shopify allows merchants to build relationships with customers amid coronavirus with new tech
Shopify's Head of Retail Ian Black joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss how the e-commerce platform is helping independent businesses during the coronavirus pandemic.
Happening on Twitter
Today @shop has arrived. Our trusty package tracker has lead a double life in our labs over the past year and has g… https://t.co/72ygmeJRVH tobi (from Canada) Tue Apr 28 10:53:55 +0000 2020
Shopify launches Shop, a new mobile shopping app https://t.co/2AOyfrXsnl by @anthonyha https://t.co/8i8yu4aIAZ TechCrunch (from San Francisco, CA) Tue Apr 28 10:01:48 +0000 2020
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