“Ecommerce Briefs” is my occasional series on news and developments that impact online merchants. In this installment, I’ll report on Walmart’s partnership with Shopify, the struggles of brick-and-mortar retailers, and Instagram’s ecommerce efforts.
Last week Walmart and Shopify disclosed they are joining forces to bring 1,200 sellers onto Walmart.com’s marketplace by the end of 2020. Walmart intends to target “U.S.-based small and medium businesses whose assortment complements ours,” according to a company post from Walmart Marketplace Vice President Jeff Clementz. This is Walmart’s first partnership with an ecommerce platform.
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Shopify's Hyper Bubble Put In Perspective (NYSE:SHOP) | Seeking Alpha
In the last eight trading days, on no meaningful news, Shopify's market cap has increased by 22.7%, or roughly $20 billion. This is 12.7x their FY19 revenue, 11.5x TTM.
Net loss of $125 million in FY19 from $1.58 billion in revenue with losses increasing since IPO at an average of 66% per year.
Growth of 45% is nothing to balk at, but it's far lower than the 100% FY15 or the 72% FY17, declining an average 17.2% per year since IPO.
Shopify: Time To Take Profits (NYSE:SHOP) | Seeking Alpha
Shopify ( SHOP ) stock is up by more than 120% this year, and the shares are hitting an all-time high almost every day. In the same period, the S&P 500 and Nasdaq 100 have had a total return of -3.19% and 16% respectively.
I cited three main catalysts for the company. First, I argued that the stay-at-home orders would lead to a surge in online orders. This argument was given a boost by Amazon ( AMZN ), which started to prioritize essential orders .
Shopify (SHOP) Outpaces Stock Market Gains: What You Should Know
Shopify (SHOP) closed the most recent trading day at $911.34, moving +0.72% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.43%. At the same time, the Dow added 0.5%, and the tech-heavy Nasdaq gained 0.75%.
Wall Street will be looking for positivity from SHOP as it approaches its next earnings report date. In that report, analysts expect SHOP to post earnings of -$0.02 per share. This would mark a year-over-year decline of 114.29%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $497.55 million, up 37.45% from the year-ago period.
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‘Canada Is Awesome,’ Shopify CEO Tells Workers Barred From U.S. | Financial Post
(Bloomberg) — Shopify Inc. Chief Executive Officer Tobias Lutke is touting Canada as a relocation option after President Donald Trump temporarily suspended several employment-based visas.
“If this affects your plans consider coming to Canada instead,” Lutke said in a tweet Tuesday. “If getting to the U.S. is your main objective you can still move on south after the H1-B rules change. But Canada is awesome. Give it a try.”
Rapidus Teams With Shopify For Delivery | PYMNTS.com
To provide last-mile delivery solutions to merchants, one-hour and same-day delivery marketplace Rapidus has teamed with Shopify. The company connects business clients with delivery partners and offers "convenient and guaranteed" deliveries throughout Texas, Washington, California and Colorado, according to an announcement .
The Rapidus app is available at no cost from the App Store of Shopify and has been connected and grown to work with merchant clients. The integration includes a selection of delivery services, with tailored pickup and delivery windows to fit certain business needs. It also dynamically sets up warehouse locations and presets workdays, holidays and hours ahead of time in addition to immediate quotes in the dashboard as well as cart.
Shopify associate GC cites numerous benefits to digital by default workplace | Canadian Lawyer
Shopify Inc.’s recent shift to a “digital by default” workplace model will have numerous benefits to the legal department, says associate general counsel, commercial, Mary-Jane Richards. The Canadian-grown, global e-commerce giant announced that it will see the end of an office-based work culture and continue to embrace a remote workforce for its 5,000 employees even when the pandemic crisis is in the past and most companies have returned to offices.
5 Tips to Increase Your Conversion Rate on Shopify
As reported by Statista, 40% of internet users have bought products or goods online via desktop, mobile, tablet, or another device. This amounts to more than one billion online buyers, a number that's projected to grow. So it's clear that e-commerce is here to stay. And it's probably one of the best ways we can sustain economic growth—even during a pandemic. If you run an online shopping business, you likely already have an online store.
With more than 500,000 active users and 100,000 merchants using its POS system, Shopify is considered the go-to e-commerce platform. But when you choose your a platform, you have to make the most of it. In order to make your online store stand out on Shopify, you need to follow a few tips and tricks. These will help your store succeed even against serious competition. Because it's not about only launching a great product. It's also about marketing the product the right way.
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