In late March, 15,000 gallons of beer were sloshing around in Peter Bulut's tanks and barrels with nowhere to go. Bulut, the owner of Great Lakes Brewing Co., first started working in his father's tiny craft brewery in Toronto almost 30 years ago, when he was 21.
Back on March 13, when Covid-19 was creeping its way into Toronto, Bulut started taking small precautions, like suspending in-store beer tastings. Then the full weight of the calamity struck with stunning speed. Two days later he closed the restaurant and store. Most of the bars and restaurants he supplied beer to were closing, too. Five days after that, facing a 50% drop in business, he laid off a quarter of his 52 employees. "I didn't sleep for two weeks after that," recalls Bulut.
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Shopify Stock Can Climb Even Higher, With Strong Earnings Ahead, Analyst Says -
Driven by continued acceleration in the adoption of online shopping, Shopify is likely to report better-than-expected June quarter results later this month, KeyBanc says.
Analyst John Beck repeated his Overweight rating on Shopify stock (ticker: SHOP), lifting his price target to $1,125 from $1,000. He expects the e-commerce software company to post revenues of $523.2 million and earnings of five cents a share, well above the Wall Street consensus forecast of $505 million in revenue and a loss of two cents a share.
Affirm, Shopify partner on interest-free, zero-fee online shopping
Credit card alternative start-up Affirm is partnering with e-commerce giant Shopify to power a new way for consumers to split up purchases without interest or fees.
"Shop Pay Installments" — a new option that Canada-based Shopify is rolling out later this year, will give approved Shop Pay customers this option at checkout, with their total purchase split into four equal, bi-weekly payments, which will be processed and handled by Affirm.
5 Reasons Why Shopify Balance Is Great News For Retail Entrepreneurs
IMAGE DISTRIBUTED FOR FACEBOOK - A Shopify expert engages with an attendee at Facebook's Boost Your ... [+] Business San Diego event held at the Port Pavilion on Broadway Pier on Thursday, June 4, 2015 in San Diego. (Photo by Denis Poroy/Invision for Facebook/AP Images)
According to Kaz Nejatian, VP & GM Shopify Financial Services, "traditional legacy banks just suck."
And here's another article:
Shopify (NYSE:SHOP) - 2 Shopify Analysts Raise Outlooks Ahead Of Q2 Report On E-Commerce
Shopify Inc (NYSE: SHOP ) has been a key beneficiary of the accelerating adoption of online shopping during coronavirus lockdowns. The e-commerce company is scheduled to report second-quarter results Wednesday, July 29.
Credit Suisse On Shopify: Analyst Brad Zelnick maintained a Neutral rating on Shopify and raised the price target from $700 to $850, citing more sustainable growth in gross merchandise value.
Shopify (NYSE:SHOP) - Shopify To Begin Offering Affirm-Powered Installment Plans To Customers
Financial technology services company Affirm will power installment plans on Shopify Inc’s (NYSE: SHOP ) e-commerce platform, it announced Wednesday.
Affirm’s "buy now, pay later" financing plan would be available for eligible Shopify merchants later in 2020, it noted.
Customers would be able to split the total purchase amount into four equal, bi-weekly, interest-free payments. Affirm claims it will not charge any additional, hidden or late, fees.
Shopify (SHOP) Expected to Beat Earnings Estimates: Should You Buy?
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 June 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 July 29. On the other hand, if they miss, the stock may move lower.
How Shopify is keeping your neighborhood bakery afloat
This is only a slight exaggeration: Back in March, Shopify saved 15k gallons of Toronto beer from going down the drain.
When lockdowns started, Canada's Great Lakes Brewing Co. (not to be confused with Cleveland's) turned to the ecommerce giant for help setting up an online ordering platform.
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Marker said its fingerprints are everywhere, from the ordering systems of your local bakery to behemoths like Heinz.
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