More consumers are stuck at home during the recent surge of the coronavirus pandemic. And ecommerce platform provider Shopify is betting the extra time on their hands will prompt some consumers to stop procrastinating and follow that business dream they have long talked about. To capitalize on this, Shopify this week launched Gift A Business to encourage consumers to buy an ecommerce site for friends or family this holiday season.
And here's another article:
Shopify Balance to be powered by Stripe, Evolve Bancorp | BetaKit
On Thursday, it was revealed that payment processing giant Stripe and Evolve Bancorp will power two products within Shopify Balance, the Canadian e-commerce giant's business banking offering first revealed earlier this year.
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Shopify will be using Stripe's new Treasury product on the offering. Stripe and Evolve Bancorp will specifically power the Shopify Balance Account and the Shopify Balance Card. Stripe Treasury, also revealed Thursday, gives embedded business banking services to Stripe clients through APIs.
How Shopify Conquered Fashion | Fashion-Tech, BoF Professional | BoF
The Canadian e-commerce platform is emerging as one of the pandemic's big winners. How will the company that made it possible for any brand to set up an online store use its newfound clout?
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Though their moves weren’t directly related to Covid-19, they join a stampede of companies that have turned to Shopify to help them with e-commerce, as retail stores shuttered in response to lockdown restrictions.
Shopify Gift a Business Lets You Buy a Pre-Built Ecommerce Shop - Small Business Trends
Many things are taking place:
Shopify's (SHOP) Black Friday/Cyber Monday Sales Reach $5.1B
Driven by spurt in online buying, Shopify Inc. SHOP announced that brands on its platform witnessed a 76% year-over-year surge in sales on Black Friday/Cyber Monday 2020 weekend, reaching $5.1 billion. The company had generated sales of $2.4 billion alone on Black Friday.
New York was one of the top yielding cities, along with London and Los Angeles, added the company.
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Shopify further added that holiday shopping commenced early this year with daily total sales reflecting a growing trend 19 days before Cyber Monday. Sales for the week leading up to Cyber Monday (Nov 23 through Nov 30) on Shopify’s platform soared 84% year over year, added the company.
How to Create a New Online Store Website to Sell Your Products - Business 2 Community
When it comes to creating a new online store website, the most important feature you want is to be deep and not wide with the products you offer. It is far better to only have a few related products than a bunch of less related ones.
If you sell toys, don't include kitchenware items on your online store website. You want to have a tight focus of the products you carry in your online store. Even the toy category is too broad to be successful. Instead, you may want to focus on educational toys for preschoolers. While most people think more products translate into more money, the real riches are in the niches.
The Divisional Senior Vice-President of Shopify is Exercising Options
Today it was reported that the Divisional Senior Vice-President of Shopify ( SHOP ), Toby David Shannan , exercised options to sell 171 SHOP shares for a total transaction value of $186.5K.
In addition to Toby David Shannan, 26 other SHOP executives reported Sell trades in the last month.
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Based on Shopify’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $767 million and quarterly net profit of $191 million. In comparison, last year the company earned revenue of $391 million and had a GAAP net loss of $72.78 million. The company has a one-year high of $1146.91 and a one-year low of $305.30. The Company has a Price to Book ratio of 22.16.
I'd take Constellation Software over Shopify any day, this fund manager says - Cantech Letter
"At the end of the day, I'll buy Constellation Software ten times versus a Shopify," said Schwartz, chief investment officer at Baskin Wealth Management, who spoke on BNN Bloomberg on Thursday, where he gave Constellation as one of his Top Picks for the next 12 months.
"[Constellation] has a reasonable valuation, a great balance sheet and good tailwinds in an improving economy," Schwartz said.
One is a veritable hype machine while the other is quite the opposite, as Shopify has been the star investors have been hitching their wagons to for years now — and in greater numbers, too. Currently at a $163-billion market cap, SHOP is tops in the Canadian markets, unseating Royal Bank earlier this year and so far maintaining that position, as investors have pushed up Shopify's share price by an incredible 160 per cent in 2020.
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