Stocks making the biggest moves premarket: Generac, Shopify, La-Z-Boy and others
Generac (GNRC) – The maker of generators and power equipment saw its stock rise 2.6% in the premarket after beating top and bottom-line estimates for the fourth quarter.
Shopify (SHOP) – Shopify fell 4% in premarket action despite reporting better-than-expected quarterly profit and revenue. The e-commerce platform operator said revenue growth for 2022 would be slower than the 57% it achieved in 2021.
Shopify selloff and inflation spike help to pull S&P/TSX composite lower - RMOToday.com
TORONTO — A Shopify Inc. selloff pulled Canada's main stock index lower while minutes from a recent Federal Reserve meeting calmed U.S. market fears about an impending interest rate hike.
"Shopify is certainly the big Canadian story today and obviously it's a big effect on the U.S. too, especially on the Nasdaq," said Michael Currie, vice-president and investment adviser at TD Wealth.
UniformMarket Rolls Out Plug-Ins for Retailers on Shopify & WooCommerce to Fetch Updated
This means the retailers will no longer have to go for third-party customizations to access the latest manufacturer catalogs on UniformMarket through Catalog Communication Manager, thus saving time & money.
He further added: "With these exclusive plug-ins, retailers who've gotten used to Shopify & WooCommerce and don't want to change, can still access our updated catalogs from 130+ suppliers."
5 Startups Vying to Be the Shopify of the $43 Billion Resale Market — The Information
Selling secondhand clothes and accessories online is a booming business, and that's creating an opportunity for the behind-the-scenes tech players that power the transactions. These include startups such as Trove, Archive, Recurate and The Archivist.
These re-commerce startups are following in the footsteps of Shopify, which grew into a $100 billion market-cap company by helping retailers sell directly to customers online.
Today in Retail: Shopify's Q4 Boom | PYMNTS.com
Retailer WHSmith on Tuesday (Feb. 15) opened its first checkout-free store in LaGuardia Airport in New York. The first WHSmith location in the U.S. — other stores across the country use the InMotion and MRG branding — and uses Amazon's Just Walk Out technology.
In December, travel retailer Hudson became the first company in its industry to offer Amazon's palm recognition service, Amazon One. The technology is available at the Hudson Nonstop store at Dallas' Love Field Airport.
Shopify plummets most since 2020 on slowing growth outlook | Business | bendbulletin.com
Shopify's value plunged the most in almost two years after giving a weaker outlook for growth this year, as online spending resets after the Covid-19 induced boom and consumers face higher inflation.
"The Covid-triggered acceleration of ecommerce that spilled into the first half of 2021 in the form of lockdowns and government stimulus will be absent from 2022," the Canadian ecommerce giant said in a statement on Wednesday.
Shopify Inc. Cl A stock falls Wednesday, underperforms market - MarketWatch
Shares of Shopify Inc. Cl A SHOP, -17.10% plunged 17.10% to C$938.91 Wednesday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, -0.55% falling 0.55% to 21,383.64. Shopify Inc.
Hurwa, a Chinese developer of medical robots used in surgeries, is considering an IPO in Hong Kong that could raise… https://t.co/3acDHrAph1 business (from New York and the World) Thu Feb 17 07:07:05 +0000 2022
From futuristic sleeping pods to robot bartenders, China is relying on technology to service those in the Beijing 2… https://t.co/sk4pEjr9tm business (from New York and the World) Sun Feb 13 04:28:00 +0000 2022
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