Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
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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
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.