The global pandemic has fundamentally changed the way businesses operate. Global retail e-commerce sales grew 27% as more Americans embraced online shopping to maintain social distancing. Retail sales surpassed $4 trillion in 2020 and are expected to eclipse $5 trillion this year. As a result, shoppers expect more from e-commerce stores.
Rebuy's personalization engine for Shopify (NYSE: SHOP ), designed to enable store owners to meet consumers' rising expectations and drive sales, leverages AI (Artificial Intelligence) and ML (Machine Learning) to offer personalized online shopping experiences, thus increasing order values, conversion rates, and repeat business.
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Shopify (TSX:SHOP) Stock: Finally Coming Down to Earth
Ever since going public, Shopify’s valuation grew almost 5,200% until February 2021. 2020 was a blockbuster year for the company. Years of innovation paid off in a single year, as the pandemic forced every customer to shop online. Every retailer had to open online stores to accommodate the changing customer requirements, and Shopify was there to provide.
It came as no surprise that Shopify went from $600 per share to $1,900 per share in the space of a year. However, you cannot always keep going at such a fast pace because a correction always comes. That is precisely what is happening with Shopify right now.
Shopify Raises $1.55 Billion in Stock Offering as Shares Sell Off Sharply |
Shopify shares are trading lower Tuesday after the company sold 1.18 million Class A shares at $1,315 apiece, a 4.8% discount to Monday's closing price at $1,381.30.
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Shopify (ticker: SHOP) said it would use proceeds "to strengthen its balance sheet, providing flexibility to fund its growth strategies."
Shopify has flourished during the pandemic, as many retailers rushed to set up operations online. Last week, Shopify reported that revenue for the fourth quarter was $977.7 million, up 94% from a year ago and well ahead of the Wall Street analyst consensus estimate of $910.2 million. Adjusted profits were $1.58 a share, likewise ahead of consensus at $1.25 a share. On a GAAP basis, profits were 99 cents a share, up from a penny a share a year ago.
Shopify Launches Offering of Class A Subordinate Voting Shares
Shopify Inc. (NYSE:SHOP)(TSX:SHOP) ("Shopify") today announced that it has filed a preliminary prospectus supplement (the "Preliminary Supplement") to its short form base shelf prospectus dated August 6, 2020 (the "Base Shelf Prospectus"). The Preliminary Supplement was filed in connection with a public offering of Shopify's Class A subordinate voting shares (the "Offering").
A total of 1,180,000 Class A subordinate voting shares will be offered by Shopify for sale under the Offering, which will be led by Citigroup, Credit Suisse and Goldman Sachs & Co. LLC (the "Underwriters"). Shopify will grant the Underwriters an over-allotment option to purchase up to an additional 15% of the Class A subordinate voting shares to be sold pursuant to the Offering (the "Over-Allotment Option").
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Senior Marketing Lead, Developer Community job with Shopify | 158641
Mobile E-Commerce Software Market Share 2021 With Top Manufacturers: Shopgate, Shopify Mobile
” A highly comprehensive and unbiased research approach have been maintained by business analysts and research specialists who have recently announced the release of a new business intelligence report addressing multiple dimensions of the global Mobile E-Commerce Software market. The report renders a point-to-point assessment of all major growth milestones responsible for healthy growth trail and revenue sustainability.
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Mar 01, 2021 - Gifford Fong Associates Buys Shopify Inc, Salesforce.com Inc, Zoom Video
Investment company Gifford Fong Associates ( Current Portfolio ) buys Shopify Inc, Salesforce.com Inc, Zoom Video Communications Inc, Franklin Resources Inc, Viatris Inc, sells Tesla Inc, Intel Corp, Advanced Micro Devices Inc, Micron Technology Inc, NOV Inc during the 3-months ended 2020Q4, according to the most recent filings of the investment company, Gifford Fong Associates. As of 2020Q4, Gifford Fong Associates owns 134 stocks with a total value of $429 million.
Shopify (SHOP) Gains But Lags Market: What You Should Know
Shopify (SHOP) closed at $1,463.31 in the latest trading session, marking a +0.06% move from the prior day. The stock lagged the S&P 500's daily gain of 0.17%. Elsewhere, the Dow lost 0.02%, while the tech-heavy Nasdaq added 0.38%.
Prior to today's trading, shares of the cloud-based commerce company had gained 21.89% over the past month. This has outpaced the Computer and Technology sector's gain of 8.01% and the S&P 500's gain of 2.33% in that time.
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