The COVID-19 pandemic locked everybody indoors for several months. People working in essential industries and those requiring supplies were the only ones heading out. As most people stayed indoors and avoided public places, the demand for e-commerce stores substantially increased.
Shopify raised $131 million through its initial public offering (IPO) on May 21, 2015. In just five years since it went public, Shopify’s share price has gone up by almost 8,000% of its IPO. Due to the pandemic, the initial sell-off frenzy saw Shopify’s share price fall below $500 for the first time since its climb in March. However, the stock has climbed by 190% since its March 2020 bottom.
Many things are taking place:
Brandezk Launches Ecommerce Development on Shopify, Magento, and WordPress
NEW YORK, Sept. 07, 2020 (GLOBE NEWSWIRE) -- Brandezk, a renowned web design agency, recently announced the introduction of E-commerce development services on its website. The company announced its development services for several platforms, including Shopify, Magento, WordPress, and also announced the development of 100% made-to-order E-commerce stores for clients having custom needs.
The company has specialized in providing mobile app development services for years. The recent shift in the company's modus operandi, as stated by the managing director of the company, was made 'in response to the changing times'.
Shopify Reports Record Revenue Growth in Q2 Due to Pandemic - Subscription Insider
Global ecommerce platform Shopify saw record revenue growth during the second quarter of 2020 due to the coronavirus pandemic. The company reported total revenue of $714.3 million for the period ended June 30, 2020, a 97% increase year-over-year. Gross merchandise value (GMV) was $30.1 billion, representing 119% growth year-over-year. Growth was particularly strong in April and May and slowing down in June and July.
Shopify is due for a pullback, this investor says - Cantech Letter
Everyone knows that Shopify ( Shopify Stock Quote, Chart, News TSX:SHOP ) shareholders have made out like bandits in recent years but the trick will be whether or not jumping in now will get you anywhere.
In his assessment, portfolio manager Bruce Campbell says even though the industry trends point to further growth for the company, it's probably wise to wait for a pullback.
Shopify's meteoric rise has cooled off in recent weeks, with the stock buzzing around the $1,400 mark since early July, but SHOP's muscle is undeniable. At a market cap of $175 billion, it's now miles above Royal Bank, the TSX's perennial number one which was dethroned in May of this year, with no sign that RBC will take back that crown anytime soon.
And here's another article:
Shopify sheds Ottawa office space amid planned Toronto expansion | BetaKit
Shopify plans to vacate its Ottawa headquarters on 150 Elgin Street and move to an office tower on Laurier Avenue, amid reports that the e-commerce giant is set to expand its Toronto presence.
The changes to its Ottawa office space comes shortly after Shopify reportedly exercised an option to expand in downtown Toronto.
Shopify and CBRE Ottawa's managing director Shawn Hamilton confirmed to BetaKit the company's decision to sublease its Elgin Street office, a CBRE property, where Shopify has a lease deal until 2026.
COVID-19 Update: Global Shopify Designer Services Market is Expected to Grow at a Healthy CAGR
Global Shopify Designer Services industry report about In-depth Research, estimates Revenue, and forecasts Growth Details in segments, regional, and research scope, historical data, Key Player and Growth Value.
The Global Shopify Designer Services Market 2020 analysis provides a basic summary of the trade as well as definitions, classifications, applications and business chain structure. The worldwide Shopify Designer Services marketing research is provided for the international markets together with development trends, competitive landscape analysis, and key regions development standing. Development policies and plans are mentioned similarly as producing processes and value structures are analyzed.
Shopify set to vacate 170,000-square-foot Elgin Street HQ in bid to reduce office footprint |
Three months after declaring it was going "digital by default" in the wake of COVID-19, Shopify is preparing to vacate its Elgin Street headquarters as part of a plan to consolidate its Ottawa operations at an office tower on nearby Laurier Avenue, OBJ has confirmed.
The e-commerce giant currently occupies about 170,000 square feet of space on several floors in Performance Court at 150 Elgin St., where it has been based since October 2014. More than 850 people occupied the space before Shopify's employees began working from home in March as the coronavirus began spreading across the country.
Global Impact of Covid-19 on Shopify Designer Services Market to Record Significant Revenue
This has brought along several changes in This report also covers the impact of COVID-19 on the global market.
The Shopify Designer Services Market analysis summary by Reports Insights is a thorough study of the current trends leading to this vertical trend in various regions. Research summarizes important details related to market share, market size, applications, statistics and sales. In addition, this study emphasizes thorough competition analysis on market prospects, especially growth strategies that market experts claim.
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