Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Ottawa, Canada
Technology
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Shopify Posts Better-Than-Expected Q3 Results
Revenue nearly doubled to $767.4 million, while adjusted earnings were $1.13 per share, more than twice analysts’ estimates of 52 cents.
Technology
Shopify Forecasts Full-Year Revenue Above Estimates
For 2020, the e-commerce company predicts revenue in a range of $2.13 billion to $2.16 billion.
Shopify Forecasts Full-Year Revenue Above Estimates
For 2020, the e-commerce company predicts revenue in a range of $2.13 billion to $2.16 billion.
News & Analysis
Shopify Stocks Fall for 8th Consecutive Day
Ongoing investor rotation from growth to value doesn’t appear to be losing steam, meaning further declines could be in store for the e-commerce company.
Shopify Stocks Fall for 8th Consecutive Day
Ongoing investor rotation from growth to value doesn’t appear to be losing steam, meaning further declines could be in store for the e-commerce company.
News & Analysis
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
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News & Analysis
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
When Shopify said last month that it was moving into the fulfilment business, shares spiked and analysts began talking about it as a potential competitor to Amazon.
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
When Shopify said last month that it was moving into the fulfilment business, shares spiked and analysts began talking about it as a potential competitor to Amazon.
News & Analysis
Shopify Raises Full-Year Forecast on Strong Demand for E-Commerce Tools
The company has been investing heavily to increase its market share, resulting in a new line of point-of-sale hardware and use of Snapchat story ad space.
Shopify Raises Full-Year Forecast on Strong Demand for E-Commerce Tools
The company has been investing heavily to increase its market share, resulting in a new line of point-of-sale hardware and use of Snapchat story ad space.
News & Analysis
Shopify Reports Slower Growth in Vendor Sales, Shares Fall 7 Percent
The e-commerce company said gross merchandising volume rose just 54 percent compared with a 65 percent jump in the same period a year earlier.
Shopify Reports Slower Growth in Vendor Sales, Shares Fall 7 Percent
The e-commerce company said gross merchandising volume rose just 54 percent compared with a 65 percent jump in the same period a year earlier.
News & Analysis
Postal Strike Overshadows Black Friday in Canada
With Black Friday and the holiday season looming, questions about shipping delays could weaken confidence in e-commerce.
Postal Strike Overshadows Black Friday in Canada
With Black Friday and the holiday season looming, questions about shipping delays could weaken confidence in e-commerce.
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News & Analysis
Shopify Posts Bigger Quarterly Loss as Costs Soar
Total operating expenses rose 63.2 percent, as the company invests heavily in upgrading and introducing technologies to attract big and small merchants.
Shopify Posts Bigger Quarterly Loss as Costs Soar
Total operating expenses rose 63.2 percent, as the company invests heavily in upgrading and introducing technologies to attract big and small merchants.
News & Analysis
Shopify Merchants Will Soon Be Able to Sell Through EBay
The move adds another outlet for Shopify’s roughly 400,000 users, though the EBay integration will be available initially only for US customers selling in US dollars.
Shopify Merchants Will Soon Be Able to Sell Through EBay
The move adds another outlet for Shopify’s roughly 400,000 users, though the EBay integration will be available initially only for US customers selling in US dollars.
Technology
Shopify Launches New Wireless Card Reader
The rates charged will be about 2.4 percent per swipe, and the device will compete with the likes of Square Inc's card reader, which costs merchants at least 2.75 percent per swipe.
Shopify Launches New Wireless Card Reader
The rates charged will be about 2.4 percent per swipe, and the device will compete with the likes of Square Inc's card reader, which costs merchants at least 2.75 percent per swipe.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
The News in Brief
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.