Shopify targets physical retailers after an overly aggressive bet on e-commerce [Financial Post (Toronto, Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Financial Post
Shopify Inc., Canada's largest e-commerce company, announced Tuesday that it will start selling new hardware for brick-and-mortar retailers, as it attempts to recover from an overly aggressive bet on the speed at which the economy would move online. The device, called POS Go, resembles a smartphone and will allow retailers to provide wireless checkout anywhere in store, while also allowing merchants to view analytics and data on such things as sales, inventory and product information. It's one of Shopify's most significant product announcements since firing one-tenth of its workforce (about 1,000 people) this summer after CEO and founder Tobias Lütke acknowledged that the outstanding performance of e-commerce during the pandemic had caused him to misjudge the growth trajectory of online sales. The company also replaced members in the C-suite a couple weeks ago. As health restrictions were lifted, it became clear that a significant number of consumers still wanted to shop at p
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SHOP
News
- Shopify Inc. (NYSE: SHOP) had its price target lowered by analysts at Loop Capital from $90.00 to $80.00. They now have a "hold" rating on the stock.MarketBeat
- Shopify (SHOP) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Shopify Inc. (NYSE: SHOP) had its "underweight" rating re-affirmed by analysts at Piper Sandler. They now have a $63.00 price target on the stock.MarketBeat
- Shopify (SHOP) Stock Moves -1.1%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- EDC leads $85-million financing of fast-growing credit card technology startup Brim [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
SHOP
Earnings
- 2/13/24 - Beat
SHOP
Sec Filings
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- 3/22/24 - Form 144
- SHOP's page on the SEC website