OpenStore's Michael Rubenstein on how he's building out a Shopify aggregator
The e-commerce portfolio model has been getting a lot of press of late. And OpenStore thinks it may have cracked the code for finding and acquiring DTC brands.
OpenStore launched in 2021 , and the idea was the use proprietary technology to suss out which online brands have the most upside. It’s raised over $130 million both in venture capital and debt.
Shopify beta testing new rewards program, Shop Cash
Shopify noted that Shop Cash is in early access for some Shop app users with billing addresses in the United States.
Shop Cash appears to be a way to entice consumers into using its mobile shopping app, Shop, first launched in 2020.
Shopify appears to be keeping promotion of Shop Cash low while it works out the kinks. In the Shopify discussion community , merchants noted receiving orders paid via Shop Cash without being aware of the payment type or that it had been turned on for their store.
Lightspeed gets its groove back as stock bounces higher than Shopify | Financial Post
The company's stock is up about 40 per cent over the past week or so, a glimmer of hope for a company that started to talk about itself as a rival to e-commerce heavyweight Shopify Inc.
Losses widened to 77 cents per share, compared with a loss of 34 cents per share in the same period in 2021, but the company said it was on track to break even by March 2024 while still achieving revenue growth of around 35 per cent.
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Ex-Shopify GM leads ReturnBear into more Cadillac Fairview malls with national expansion | BetaKit
The Ontario Teachers' Pension Plan (OTPP) and Cadillac Fairview (CF) saw a need to change how e-commerce product returns are handled, and working with OTPP's in-house venture builder, Koru, created ReturnBear .
"Even when we only had two locations in the GTA opened, almost 40 percent of the consumers within the GTA would drop off their items over mailing it in." -Sylvia Ng
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Shopify ramps up lobbying presence in Washington, Brussels as lawmakers take aim at tech | ...
OTTAWA — Shopify is expanding its government affairs teams in the U.S. and Europe, recruiting top lobbyists with experience at major Silicon Valley firms as lawmakers on both sides of the Atlantic try to rein in tech giants.
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