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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers are being more intentional with their purchases, says Shopify Pres. Harley FinkelsteinShopify President Harley Finkelstein joins 'TechCheck' to discuss e-commerce consumer spending trends, how inflationary pressures are influencing consumer spending patterns and forecast the future of e-commerce in general.
Retailers this holiday season are focusing on delivering packages to customers on specific dates, rather than competing on speed of delivery. With inflation-conscious consumers now dialing back their online shopping, many retailers are focused on restraining the high costs of fulfillment and last-mile delivery. In 2019, the e-commerce giant also gave its Prime members the option to pick a specific delivery date. The feature refines the retailer’s previous three- to five-day shipping window, said Shivi Shankaran, the company’s chief operating officer. “Sometimes they want it really, really fast, or they want it really, really scheduled,” Mr. Gorlin said.
In its press release announcing the new funding, Wati said the investment was Shopify's first in a startup operating in Southeast Asia. The goal is to make Thirdweb's tools available to Shopify merchants who want to bring Web3 products and experiences to their online stores. Shopify recently participated in Gorgias' $30 million Series C round, which valued the startup at $710 million. According to the company, merchants using its technology report a 96% increase in sales on average. Flexport announced it had received a strategic investment from Shopify as part of its $935 million Series E on February 7.
Here are the people leading the e-commerce company through its next phase. Leinwand was previously senior vice president of engineering at Slack, and before that he was CTO at ServiceNow. Tia Silas, chief human resources officerTia Silas, Shopify's chief talent officer. John Asante, chief information-security officerJohn Asante, Shopify's chief information-security officer. Bobby Morrison, chief revenue officerMorrison joined Shopify as chief revenue officer — a new role for Shopify, reporting to the COO — in August.
Shopify is about 10% of total U.S. e-commerce capital
  + stars: | 2022-10-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShopify is about 10% of total U.S. e-commerce capitalShopify president Harley Finkelstein joins 'Squawk on the Street' to discuss merchant uptake of Shopify's services, the strength of the company's operational discipline and its integration with other platforms.
Shopify shares pop 18% on smaller-than-expected loss
  + stars: | 2022-10-27 | by ( Sofia Pitt | ) www.cnbc.com   time to read: +2 min
Shares of Shopify jumped 18% after the e-commerce company reported earnings that beat Wall Street's revenue estimates and a narrower-than-expected loss for the third quarter. Loss per share : loss of $0.02, adjusted, vs. loss of 0.07 expected by analysts according to Refinitiv. : loss of $0.02, adjusted, vs. loss of 0.07 expected by analysts according to Refinitiv. Revenue: $1.37 billion vs $1.33 billion expected, according to Refinitiv. Revenue was up 22% from the same quarter last year, but Shopify said the strong U.S. dollar weighed on its sales.
With Maple, parents can create and assign tasks like paying the bills, planning a family trip or birthday party, and doing chores. "The next Martha Stewart is going to be made on Maple," Perry said. For example, a Disney aficionado created a guide for visiting Disneyland that parents planning a trip could find within the Maple app's browser. "Planning the trips, planning for summer camp, planning for Disneyland, planning the week's meals, the college financial planning — whatever they're planning, there is a family in need of that same exact information." The Shopify App Store, which has more than 7,000 apps geared toward online sellers, also provided some inspiration for Perry.
Here are some of the most notable companies founded by former Shopify employees. Shopify also encourages employees to start their own Shopify stores. Even the company's president, Harley Finkelstein, runs his own Shopify store, Firebelly Tea, which he cofounded with the DavidsTea creator David Segal in 2021. "We have long said that Shopify is a company for entrepreneurs, built by entrepreneurs," a Shopify spokesperson told Insider. Meet some of the most notable entrepreneurs in the bunch, and learn about the startups they've worked on since leaving Shopify:
She said that changes to Shopify's culture convinced her it was time to make the leap. For Brady, changes to Shopify's culture were a big factor in her decision to leave. Tease hit $2 million in revenue in 2021, and Brady said she has a goal of hitting $5 million this year. What she first imagined as a temporary gig led to seven years and a team leadership role at Shopify. Brady said that Shopify's leadership was very encouraging of employees like her choosing to balance entrepreneurship with their full-time jobs.
Here are the people leading the e-commerce company through its next phase. Leinwand was previously senior vice president of engineering at Slack, and before that he was CTO at ServiceNow. Tia Silas, chief talent officerTia Silas, Shopify's chief talent officer. John Asante, chief information-security officerJohn Asante, Shopify's chief information-security officer. Bobby Morrison, chief revenue officerMorrison joined Shopify as chief revenue officer — a new role for Shopify, reporting to the COO — in August.
Most of Shopify's C-suite has been replaced in the past two years. "There was some hope that they would reprioritize software, whether it's marketing-automation software or customer-engagement software," he added. The former chief technology officer Jean-Michel Lemieux, chief legal officer Joe Frasca, and chief talent officer Brittany Forsyth all departed in 2021. The chief product officer Craig Miller left the company a few months before that, in fall 2020. Shopify has yet to formally fill the chief product officer role, whose responsibilities Lütke said he would take on in the wake of Miller's departure.
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