NYSE: SHOP Archives - Maritime Shipping News

Shopify predicts slowing revenue; investors sink stock

16 February 2022

Shopify stock fell more than 18% in morning trading Wednesday after the Canada-based e-commerce platform said it expected the COVID-induced economic boom to subside this year even as it said retail would continue to embrace e-commerce.

“Our outlook for 2022 assumes continued secular tailwinds for entrepreneurship and digital commerce transformation against a more measured macro environment relative to 2021,” the company said in a release announcing its Q4 2021 and full-year economic results....

https://www.freightwaves.com/news/shopify-predicts-slowing-revenue-investors-sink-stock

Shopify posts 46% Q3 revenue growth

28 October 2021

Shopify reported higher revenue in Q3 but, despite the news, the final numbers fell short of expectations and the company’s stock took a hit in premarket trading Thursday before rebounding later in the day.

The e-commerce platform reported revenues of $1.12 billion for the quarter ending Sept. 30 — 46% year-over-year — and earnings per share (EPS) of 81 cents. Analysts were expecting earnings of $1.23 per share on revenue of $1.15 billion. Gross merchandise volume (GMV) also came in below...

https://www.freightwaves.com/news/shopify-fails-to-impress-investors-despite-46-q3-revenue-growth

Moving from ‘e-commerce in a box’ to ‘composable commerce’

10 August 2021

E-commerce continues to maintain its foothold in the economy, but future sales are potentially at risk for some businesses that rely on traditional e-commerce platforms, said the CEO of Fabric. Faisal Masud spoke to Modern Shipper on that and the e-commerce market in general in a recent interview.

In the past two weeks, both Amazon and Shopify announced quarterly earnings, and while the numbers were impressive, they still represent little more than the starting point for e-commerce’s potential....

https://www.freightwaves.com/news/moving-from-e-commerce-in-a-box-to-composable-commerce

Vendoo magic: Platform puts multiple marketplaces at resellers’ fingertips

10 May 2021

The reseller’s market has boomed in recent years, powered by the ease of use for platforms such as eBay (NASDAQ: EBAY), The Real Real (NASDAQ: REAL) and Poshmark (NASDAQ: POSH) among others. A 2020 report on the market by ThreadUp and Global Data predicts the resale apparel markets alone will top $64 billion by 2025 – up from $28 billion in 2020.

Resale is growing 25 times faster than retail overall, the companies found.

The problem sellers face with the resale market is that it is fragmented –...

https://s29755.pcdn.co/news/vendoo-magic-platform-puts-multiple-marketplaces-at-resellers-fingertips

Shopify revenues accelerate but growth rate to start slowing

28 April 2021

The e-commerce boom of 2020 is continuing into 2021 and one of the first major e-tailers to announce Q1 earnings is confirming that. Shopify (NYSE: SHOP) reported total revenue in Q1 of $988.6 million, 110% growth year-over-year, powered by a 137% growth in Merchant Solutions revenue of $668 million.

Subscription Solutions revenue climbed 71% to $320.7 million, the Canadian-based company said Wednesday morning.

“Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong...

https://www.freightwaves.com/news/shopify-revenues-accelerate-but-growth-rate-to-start-slowing