While global retail sales are expected to dip by 5.7% in COVID-19 pandemic, online purchases of clothes increased up by 76.7% and groceries spiked to 146% . Shopify earnings, revenue, and gross merchandise volume are crushing the estimates amidst the coronavirus pandemic. According to the June-quarter analysis, Shopify stocks popped up while the brick-and-mortar businesses pivoted online during the pandemic.
Check out this next:
Shopify and Etsy Are Creating a Surge of New Businesses | Marker
111,680: That's how many applications were filed to start new businesses the week of August 10, a 69% increase over the same week last year, according to the U.S. Census Bureau .
It's not just a one-time spike, either. The previous week saw 113,860 applications for new business tax IDs (up 75% year-over-year). And more than 100,000 new business applications have been filed every week for the last eight weeks, surpassing the number of applications filed in the whole second quarter of 2020. Felix Salmon of Axios ties the wave of entrepreneurship to the recent surge in e-commerce sales over the course of the pandemic.
Shopify's 2Q Earnings Illustrate Digital Shift | PYMNTS.com
Shopify reported second-quarter earnings on Wednesday (July 29) that demonstrated the growing digital shift for consumers, with the company recording a dramatic increase in both the number of stores on the platform and consumer spending at those stores.
By the numbers, total revenue came in at $714.3 million, a 97 percent increase from 2019. Gross merchandise volume (GMV) also grew 119 percent, accelerating in April and May and decelerating in June and July. However, the company would not detail the percentage amount of that deceleration and pulled its revenue guidance for the rest of the year.
SMS App ProTexting is Now Available on eCommerce Platform Shopify | MarTech Cube
According to ProTexting CTO Petar Kassov, “E-commerce sellers are always seeking more effective ways to connect with customers. As social media and digital advertising get more competitive and expensive, many sellers are seeing the advantages of using text messages to reach their audience. With the "Shopify SMS Notifications" app, it’s easy for sellers to send messages to customers.
Other things to check out:
Shopify to offer installment payments through Affirm | Retail Dive
Affirm has partnered with Shopify to facilitate Shop Pay Installments in the U.S., the company announced in a press release . In the next few months, Shopify's eligible sellers will be able to offer buy now, pay later options to customers if they choose.
Merchants will receive the full purchase price of the product upfront, and Affirm will collect the funds from customers. With sellers offering the service, customers can divide their payments into four equal bi-weekly, interest-free payments, per the company press release.
Shopify B2B: How to Start a Business? | BOSS Magazine
Starting an online business, even as a side hustle, can be a great idea that may eventually lead to complete financial independence. The Shopify B2B app is your tool to an exclusive, robust, and effective platform. It's a wholesale online eCommerce solution to dive into a great number of best Shopify apps that will allow you to boost sales.
Is Shopify good for B2B? It's created for a B2B business model! For even better integration of your site to B2B, you can ask for professional help from a Shopify development company to make your Shopify B2B business set up smoother.
No comments:
Post a Comment