Lately, the rise of ecommerce and how brands sell their products and services is a story told with Shopify as a central character. Shopify, which describes itself as “one platform with all the ecommerce and point of sale features you need to start, run and grow your business,” has had a meteoric rise, with revenues of more than $1.5 billion and more than a million merchants on the platform as of last fall.
In case you are keeping track:
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 .
Walmart Marketplace seller additions surge following Shopify deal, up 3x from January –
The e-commerce intelligence firm, which works directly with retailers and marketplaces and produces industry analysis, looked into Walmart Marketplace’s accelerated growth following the Shopify deal. It found that within the first six weeks after the June 15th partnership announcement, Walmart’s Marketplace added more than 5,000 new sellers.
In comparison, Walmart’s Marketplace added only 1,296 new sellers in January 2020. That figure grew to 2,290 in April, then 3,296 by June. With July’s estimates included, the marketplace will have topped 15,000 new sellers in 2020 by this month’s end. To date, the marketplace has surpassed 50,000 sellers — which is double in size from June 2019.
What Will Shopify Look Like In 2025? -- Trefis
Shopify (NYSE: SHOP) , a technology company that helps businesses get online by setting up e-commerce websites and handling related services, has seen its stock price rise by 2.5x this year, with its market cap standing at about $130 billion. The stock now trades at over 50x projected 2020 revenues and about 450x earnings. Does this make the stock expensive?
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Combine revenue growth with the fact that Shopify's margins (net income, or profits after all expenses and taxes, calculated as a percent of revenues) are projected to jump sharply from negative levels in 2019 to over 10% in 2020. We believe it's possible that Shopify's margins could expand further to close to 20% by 2025, driven by higher economies of scale and steadily higher margins for the fast-growing merchant solutions business.
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New Shopify Google Web Vitals App - Search Engine Journal
Shopify now has a new app that displays a site’s Google Web Vitals score. Improving the scores may help a site perform better. In 2021 the Web Vitals scores will become ranking factors.
The app provides Shopify shop merchants the ability to check their Web Vitals score and compare them to the competition.
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“Run a Shopify store and curious how it performs against the Core Web Vitals recommendations for LCP, FID, and CLS? Bonus, how it stack up against the competition?”
ProTexting Adds New SMS Integration: Now Available In Shopify App Store
In addition to all recent integrations, ProTexting has added a Shopify App for Order Notifications and Customer 2-Way text messaging. The Shopify SMS Notifications app provides direct worldwide coverage, which was an issue with most messaging apps until now. Press Release by ProTexting LLC.
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Shopify Growth Rate Stuns Again
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.
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