Payment network Affirm has expanded its partnership with Shopify to enter the Canadian market. Here, akin to its current deal with the e-commerce provider in the US, Affirm will become the exclusive pay-over-time provider with Shop Pay Installments for Shopify merchants in the region. This comes in the form of a renewed multi-year partnership...
21 Feb 2025
As fashion retailers intensify their focus on international expansion, operational efficiency has become paramount. In a move aimed at reducing friction in global returns, commerce operations platform Loop has announced a strategic partnership with cross-border e-commerce specialist Global-e. The collaboration seeks to simplify returns...
20 Feb 2025
It has been a turbulent week for Yeezy founder Ye, formerly known as Kanye West, as controversy continues to swirl around his brand. The fallout began with the sudden departure of Gosha Rubchinskiy, a key collaborator and influential designer, who announced he was leaving Yeezy to revive his eponymous label. But the situation worsened...
12 Feb 2025
Retail sales rose by 0.3 percent in September and increased 3.6 percent by value and 4 percent by volume. Three industry leaders comment on the latest figures: Kris Hamer, Director of Insight at the British Retail Consortium, said: “September saw the strongest retail sales growth since January, and the highest sales volume since March 2022. This...
18 Oct 2024
After a turbulent year for retail, Shopify's latest Holiday Retail Report brings welcome news for UK businesses. The UK is the only international market where consumers are expected to increase their spending significantly during Black Friday and Cyber Monday 2024. The report reveals a projected 21 percent rise in average spending per shopper,...
15 Oct 2024
Ecommerce player Shopify reported second quarter gross merchandise volume growth of 22 percent to 67.2 billion dollars. The company said that revenue increased 21 percent to 2 billion dollars, which translates into year-over-year growth of 25 percent after adjusting for the sale of logistics businesses. For the third quarter, the company expects...
9 Aug 2024
US department store giant Target has established a new partnership with Shopify which will see some of the commerce platform’s own merchants added to the Target Plus marketplace. It marks the first time a mass market retailer has worked with Shopify on such an agreement, therefore expanding both the reach of Shopify and Target’s third-party...
25 Jun 2024
Shopify, the e-commerce infrastructure provider, has unveiled a comprehensive update to its platform in its Summer '24 Edition, aiming to deliver a more unified and intuitive experience for merchants. The company is refining its services to meet the evolving demands of commerce across various scales, from entrepreneurs to enterprises. Deann...
24 Jun 2024
Shopify’s first quarter gross merchandise volume (GMV) increased 23 percent to 60.9 billion dollars. Revenue also increased 23 percent to 1.9 billion dollars, translating into year-over-year growth of 29 percent after adjusting for the sale of logistics businesses. “Our outstanding Q1 performance is clear proof of our dedication to the new shape...
9 May 2024
Canadian e-commerce platform Shopify is increasing its efforts to combat climate change, emphasising the symbiotic relationship between commerce and environmental sustainability. As a corporate investors in long-term carbon removal initiatives, the Ottawa-based company says it has allocated over 32 million dollars to support 22 innovative,...
3 Apr 2024
E-commerce provider Shopify is introducing over 100 updates in its Winter '24 Edition, a biannual showcase of the latest products and innovations. These updates aim to enhance merchant productivity and creativity significantly. In response to the evolving search behaviors of customers, Shopify said it is launching Semantic Search, an AI-powered...
1 Feb 2024
Shopify has reported a record-breaking Black Friday, Cyber Monday weekend, with global sales reaching 9.3 billion dollars from independent businesses worldwide - a 24 percent surge compared to 2022. London emerged as one of the top three highest-selling cities globally for Shopify merchants during this period. In the UK, in-store spending saw a...
29 Nov 2023