Overall U.S. retail sales were down in the second quarter, according to Census Bureau data. You would never know it from Shopify's results.
With the pandemic forcing store closures world-wide, e-commerce business is booming. Companies rushed to Shopify's online retail platform in the early months of the pandemic, driving eye-popping quarterly results for a company that was already growing at an impressive clip.
And here's another article:
Aislelabs Announces Shopify App Integration Bridging Online and Offline Customer Data
Unify offline customer data captured at brick and mortar spaces with Shopify's online href="https://directamp.com/" title="">ecommerce shopping platform in a single CDP
Using the Aislelabs platform, Shopify profiles and transactions are automatically sent to Aislelabs' CDP identifying the online order and merging it with an existing profile or creating a new one. Business marketing teams will see a single, consolidated customer profile filled with demographic, psychographic, and contact information.
Shopify Posted Blowout Earnings. Here's What Wall Street Is Saying. - Barron's
Almost every analyst who covers Shopify raised their target on the e-commerce software provider on Thursday, one day after the company posted absolutely blowout second-quarter earnings .
In case you missed it: Shopify (ticker: SHOP) posted revenue of $714.3 million, up 97% from a year ago, and adjusted profits of $1.05 a share. The Street had been projecting $508.6 million and a penny a share. Gross merchandise value was $30.1 billion, up 119%.
R|T: The Retail Times - A new partner for Shopify | BetaKit
The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Toronto-based Clearbanc has launched a new platform that allows founders to determine the valuation of their startup.
* * *
Butlr, a spin-out of the MIT Media Lab, uses a mix of wireless, battery-powered hardware and artificial intelligence to track people's movements indoors without violating their privacy.
Lending startup Affirm said on Wednesday it will partner with Shopify Inc in the United States to let the Canadian e-commerce company's shoppers pay in installments.
While you're here, how about this:
The Results Are In: People Love To Shopify During A Pandemic 07/30/2020
Shopify, the Ottawa-Ontario based company that makes it easy for mom-and-pop retailers, ecommerce entrepreneurs and established brands alike to create shops and market their wares online, saw its revenues nearly double over the same period last year.
“Shopify, which was founded in 2004, is an e-commerce platform that sells businesses a variety of tools to make it easier to build, run and market their online stores. The company has benefited from consumers shopping online because of government-mandated lockdown measures that have forced businesses to close in-person retail,” Matt Grossman and Kimberly Chin write for The Wall Street Journal .
Shopify posts record Q2 earnings with GMV up 119% - Verdict
Marketplace melee: Amazon vs eBay vs Shopify – who won in the pandemic? | Analysis | Retail Week
Retail Week examines the three big marketplaces' second-quarter results to understand who traded best over the tumultuous coronavirus lockdown period.
Retail news has been dominated by headlines of declining footfall, store closures and job losses since lockdown came into force in March. And who better to take advantage of rapidly shifting demand towards online than the three titans of ecommerce Amazon, eBay and Shopify?
Strong Earnings Confirm Shopify As a Long-Term Winner | InvestorPlace
Shopify (NYSE: SHOP ) stock popped to all-time highs after the e-commerce solutions provider reported second quarter-earnings that breezed past expectations and included explosive growth on the back of shopping-from-home tailwinds over the past few months.
* * *
They point to the fact that Shopify is now a $120 billion company, projected to do less than $2.5 billion in sales this year, as proof that SHOP stock is wildly overvalued.
No comments:
Post a Comment