Shopify news and archive

Shopify reports strong first quarter

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...

FashionPress Release

True Fit Democratises Fashion Genome and Unlocks Growth for Rising Fashion Brands in Shopify

• Formerly only available for the world’s largest retailers, True Fit, powered by the Fashion Genome, launched for Shopify merchants and has seen a 900% growth in Shopify merchant adoption. • True Fit’s 108% month-on-month (MoM) growth rate in Shopify is on trajectory to see 2,000+ merchants signed up on the platform in 2024. • True Fit users...

RetailFeatured

Shopify says retailers and consumers are accelerating climate-conscious shopping

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,...

BusinessPress Release

OneStock pioneers seamless omnichannel integration with Order Management-Shopify Connector

In a significant leap forward for retailers navigating the dynamic landscape of modern commerce, OneStock is poised to unveil the immediate availability of an innovative application designed to effortlessly integrate OneStock’s Order Management System (OMS) with the Shopify commerce platform. The retail industry is experiencing a rapid...

Fashion Featured

Shopify announces new tools, including AI powered search

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...

Retail

Record-breaking Black Friday, Cyber Monday sales with Shopify merchants reaching 9.3 billion dollars

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...

Retail

Shopify vendors set new Black Friday record, taking 4.1 billion in sales

Shopify merchants have set an unprecedented Black Friday record, collectively generating an impressive 4.1 billion dollars in sales, marking a substantial 22 percent increase over the previous year. The shopping frenzy peaked at 12:01 p.m. EST on Friday, with a staggering 4.2 million dollars in sales per minute. Harley Finkelstein, President of...

Retail

UK shoppers allocating more funds for Black Friday 2023 vs previous years, says report

Consumers worldwide are ready to spend on Black Friday Cyber Monday (BFCM) weekend, according to data from the Shopify BFCM 2023 Report. The report, which is derived from surveys of over 2,000 consumers and 1,000 SMBs in the UK, alongside global responses from 12,000 consumers and nearly 5,000 businesses across six nations, indicates that...

Business

Shopify and WPP join forces to help brands scale

Global marketing and communications company WPP has unveiled a strategic partnership with e-commerce giant Shopify to harness the power of its platform for enterprise clients. The collaboration aims to co-develop products, combining WPP's vast network of over 13,500 commerce experts with Shopify's platform to assist ambitious brands in achieving...

Business

Shopify becomes shareholder in wholesale marketplace Faire

As part of a new global partnership between the duo, commerce developer Shopify has become a shareholder in Faire, making the B2B retail marketplace the recommended wholesale platform for Shopify merchants. The move to become a shareholder reflects the long-term commitment Shopify is making towards the partnership, which will expand on its B2B...

Fashion Featured

The Folklore Connect celebrates 5th anniversary by presenting 14 emerging brands during NYFW

Wholesale e-commerce platform The Folklore Connect, a marketplace for retailers to discover emerging brands that are geographically or racially marginalized, set up its wares in Shopify’s NYC headquarters during NYFW and held an opening night drinks reception and panel discussion on Thursday. Amira Rasool, founder and CEO told FashionUnited, “...

Retail

Amazon and Shopify strengthen logistics partnership with new features

Amazon and Shopify are strengthening their logistics partnership, with US-based merchants able to utilise Amazon's fulfilment network to incorporate the "Buy with Prime" feature into their Shopify Checkout, facilitated by Shopify Payments. For the first time, Shopify merchants will have the flexibility to present their products to Prime members...