Lauren Soto’s Post

📉 Shopify Inc. reported a loss in its latest quarter despite a 23% increase in revenue compared to a year ago. The e-commerce software company recorded a net loss of US$273 million or 21 cents US per diluted share for the quarter ended March 31, contrasting with a profit of US$68 million or five cents US per diluted share in the same quarter last year. This highlights the evolving landscape of e-commerce and the challenges businesses face in adapting to market shifts. It's essential for companies to reassess their strategies and explore innovative solutions to navigate these changes successfully. Let's discuss how your business can thrive in today's dynamic e-commerce environment. 💼 #EcommerceTrends #BusinessAdaptability

Suffice to say, there's plenty to post about for Summer Editions '24 but let's dive into a game changer! Introducing Shopify Markets—a revolutionary update that centralizes all your business expansion activities into one dedicated surface within Shopify admin. Whether you're aiming for international growth, retail expansion, or B2B sales, Markets simplifies the process, allowing you to customize buyer experiences, manage catalogs, and compare market performance effortlessly. Get ready to grow your business from one central place with ease and speed. Stay tuned as Markets rolls out to all Shopify customers in the coming months!

Shopify (SHOP) stock has dropped 66% in 2 years. Here’s why I’m still confident in them in the long run: Shopify Magic is their new suite of AI tools that makes it faster and easier to build and scale e-commerce businesses. Shopify already has 2.1 million merchants. This number should increase quickly given the setup simplicity. They acquired Deliverr for $2.1 billion in July 2022. Expanding to become an end-to-end logistics solutions provider will unlock many revenue opportunities. Merchants are expecting to sell over $200 billion this year. According to eMarketer, the entire industry will generate $8 trillion by 2026. This gives Shopify a lot of room to dominate the market. If you’re a #shopify merchant, you understand the benefits of their services. And odds are, after you set up your entire store and start making sales, you won’t be leaving. What price do you think their stock will be next year?

🚀 E-commerce Giant Shopify Reports a 26% Surge in Yearly Revenue Shopify has announced its latest financial achievements, marking a year filled with significant growth and innovation. Dive into some of the key financial highlights that underscore Shopify's success ⬇️ 🔗 Explore the full report: https://lnkd.in/e6ZmU_wU #shopify #ecommerce #ecommercesuccess

Hey Shopify folks, we're excited to share the latest updates from Shopify’s Summer '24 Edition! This release is packed with 150+ new features and improvements that are set to revolutionize our e-commerce experience.  🎉 Here are the main announcements that Shopify made: ✨ Shopify has revamped its market settings, consolidating custom catalogs, themes, and currencies, simplifying the process of expanding into global markets from B2B to retail and international. ✨ Retailers can create and manage draft orders in the POS system across multiple locations and devices, improving workflow and customer service since duties and taxes are incorporated into regional prices. ✨ Advanced shipping and checkout empower customers to choose their preferred shipping speed for initial subscription deliveries and provide clarity by notifying them when orders will be split into multiple shipments, improving the shopping experience. ✨ Data-driven solutions for business struggles with deep insights and queries within the analytics reports along with bulk operations of product metafields. ✨ High-intent acquisition campaigns with Shop by leveraging Meta and Google’s networks, restricting payment on conversions. Automating emails further when customers enter the funnel. ✨Sync products and allow verified YouTube creators to tag them in videos with YouTube shopping integration. Want to see all the exciting updates Shopify has to offer? Check out their latest features here: https://bit.ly/4cB4PIG #ShopifySummer24Edition #ShopCircle #Ecommerce #Shopify

Online storefronts, payment systems, shipments, marketing, and analytics on Shopify went ❗DOWN❗yesterday. 11 days aways from the busiest shopping day of the year and Shopify goes down impacting all Shopify merchants, regardless of region. From what was reported on their status page, yesterday's outage only lasted 40 minutes. Yet many customers felt the immediate impact with disruptions to their online storefronts, payment systems, shipments, marketing, and analytics. "Front end completely down," wrote one merchant. "I had a huge collection launching at 4PM EST and it stopped working RIGHT before the launch." Another chimed in: "It crashed 15 minutes AFTER my product launch today." Others were just grateful this didn't happen next week as they gear up for Black Friday. The interconnected nature of e-commerce platforms means that downtime, even for a short time, has a cascading effect on multiple business functions. #Shopify #ShopifyOutage #Ecommerce #Downtime

We're just a day away from the release of Shopify Summer Edition '24! Can you believe it? While we're counting down the hours, I realized I haven't shared the latest updates with you in a while. They've made some really cool changes recently. Let's check out a couple of the highlights: 🚚 Validate order shipping addresses from the admin Shopify now automatically validates shipping addresses in the admin to help prevent mistakes and reduce delays or failed deliveries. If there's an issue with an address, like an invalid zip code, it gets flagged and suggestions are provided to fix it quickly. This works for orders from any sales channel 🛒 Collect deposits at checkout For those using B2B on Shopify, you can now require customers to pay a deposit at checkout. It's a percentage of the order subtotal and can be set for each company location. The rest of the balance will be due based on the payment terms you've assigned to that location Excited for Shopify Summer Edition '24? I know I am! #ecommerce #shopify #business #growth #ecommercebusiness #businessgrowth #tips #shopifyupdates

Exciting News Alert!!!! Just two weeks into launching my Shopify store, and I've already secured my first sales! This journey started when one of you challenged me as an eCommerce specialist without a store. Well, challenge accepted and conquered! Thank you for inspiring me to take action and turn dreams into reality. Here's to many more milestones ahead! #FirstSales #ShopifySuccess #ChallengeAccepted #DreamsIntoReality #ECommerceJourney

Shopify’s Summer '24 Edition is live and it’s another massive release!   A few highlights include:   🌟 Managed Markets (formerly Markets Pro): Markets has been reimagined as a new unified home and lets you include duties and taxes in regional prices, avoid selling restricted products, secure better shipping rates, and edit existing orders, making it easier for international buyers.   🌟 Multiple Business Entities, One Store: You can now run multiple Shopify Payments accounts tied to each of your business entities in one Shopify store.   🌟 Store Credit: You can now issue store credit to customers directly in admin. You can view balances and transaction history, and enable customers to spend their credit at checkout.   🌟 Checkout: Split shipping in checkout for better delivery insights and options. It provides customers with more clarity and choice at checkout by showing them when an order will be split into multiple shipments. They can choose the lowest price, the fastest delivery, or custom shipping options.   🌟 AI: Shopify is unlocking AI media editing on mobile and across the admin. You can also easily answer customer questions with AI-suggested replies in inbox.   Let us know your key takeaways in the comments! 👇   See the full breakdown of the 150+ updates at: https://lnkd.in/eU56Eg-8   #Shopify #eCommerce #ShopifyEditions

I know this is a bit mundane, but I think it's worth highlighting. Shopify now lets merchants automatically capture payment when each part of an order is fulfilled. This enables brands to improve financial reporting by recording revenue as it’s earned. It’s also better for customers, as merchants collect payment only when items are fulfilled - not all at once at checkout. While this feature on its own might not be life-changing, I guess my point is that Shopify is rolling out incremental quality-of-life enhancements like this all the time, constantly making the platform better for merchants and their customers. These small and often unnoticed iterative improvements often add up to a whole lot more than a single 'wow' announcement. #shopifyupdates #shopifydeveloper