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   Technology StocksShopify Inc (SHOP: NASDAQ) SHOP.TO

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To: Glenn Petersen who wrote (35)8/28/2020 6:43:18 PM
From: y2kate
   of 67
Hi Glenn,

What advantages if any does BigC have over Shopify? Do you think that it has the potential for growth that we've seen with Shopify over the past few years? Certainly off to an impressive start!

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To: y2kate who wrote (36)8/30/2020 11:01:01 AM
From: Glenn Petersen
   of 67
My preference, and this comes with a lot of caveats, would be SHOP. SHOP's client base is mostly small businesses, while BigC is more focused on mid-sized businesses, which are more likely to eventually set up their own online stores than the mom-and-pop shops.

SHOP is growing at a faster rate.

After BigC's monster week, BigC's valuation (calculated as a multiple of sales) is probably in the same ball park as SHOP.

Personally, I think that both stocks are overpriced (as is the whole market), but I learned a long time ago not to fight the market. In the long run both companies will do well.

Also, keep in mind the fact that the current growth rate in online sales will taper over time.

Retailers are reporting record online sales during the pandemic. But it won’t last forever



--m At Best Buy, online sales were up 242% during its fiscal second quarter, with people stocking up on electronics and equipment for their home offices.

-- Target, Dick’s Sporting Goods, Lowe’s, Tiffany and Home Depot all reported triple-digit growth online.

-- Will these eye-popping gains stick around? Likely not. And not all e-commerce growth looks the same. Some retailers are finding ways to be more profitable than others.

Retailers are reporting some of the biggest online sales gains in their history thanks to the coronavirus pandemic, which temporarily shut many stores, holed consumers up at home, and pushed more people to the internet to browse and buy groceries, clothes and workout gear.

But will these eye-popping gains stick around? Likely not.

“This growth is definitely going to go down next year,” Forrester analyst Sucharita Kodali said in an interview. “Anybody who has any proclivity to buy online has bought online. Anything they would have needed, they purchased.”

“Right now, we are still operating in an environment where there is social distancing,” she said. “Once things get back to normal, you are going back to the stores.”

Still, even if this is a temporary consequence from the pandemic, it would be hard to simply gloss over these numbers — many of which were triple-digit percentage increases.

At Best Buy, online sales were up 242% during its fiscal second quarter, with people stocking up on electronics and equipment for their home offices. Target, Dick’s Sporting Goods, Lowe’s, Tiffany and Home Depot all also reported triple-digit growth online. Gap Inc.’s total e-commerce sales soared 95% from a year ago, and within that it said its Old Navy business surged 136% online.

“If I were to leave you with one thing, we are digitally led,” Gap Chief Executive Sonia Syngal said in a phone interview Thursday. “To have a quarter where 50% of our business came from online, at our scale, we are really excited to build from this.”

Even some companies that didn’t disclose exact growth figures talked about robust gains. During the latest quarter, beauty retailer Ulta said its digital business was up more than 200%; Free People and Anthropologie owner Urban Outfitters said it saw “strong double-digit growth” online; while Coach and Kate Spade parent Tapestry also noted its web sales skyrocketed by a triple-digit rate.

Not all of this e-commerce growth hits the bottom line in the say way, though.

Abercrombie & Fitch and Dick’s Sporting Goods managed to grow e-commerce revenue while also boosting profitability — a notable achievement considering digital transactions come with added expenses for companies like handling returns, packaging and shipping. When a customer walks into a shop to buy something, those are the sales that tend to be the most profitable.

Retailers are cutting costs elsewhere during the pandemic, however, making this shift possible. They are cutting jobs and employees’ hours, closing underperforming stores and aiming to use less promotions.

Abercrombie CFO Scott Lipesky told CNBC earlier this week: “As long as you can reduce fixed costs, this shift to digital can be profitable.” During the latest quarter ended Aug. 1, Abercrombie’s store and distribution expenses were down almost 18%, while marketing costs dropped 16%.

And Tapestry’s gross profit margins for the period ended June 27 improved at each of its brands due, in part, to fewer markdowns on bags and jewelry. The company said it hopes to keep margins strong, too, by keeping inventory levels lighter. As one example, the Coach brand will have 50% less handbags and items for customers to choose from this upcoming holiday season, it said.

Gap swung to a quarterly net loss, though, because it said it faced higher costs shipping inventory to customers’ homes from its stores.

A number of retailers including Nordstrom and Target have highlighted to analysts and investors just how much their digital sales have grown from a year ago — to become a much larger portion of their businesses.

Analysts expect some will hold on to this trend longer than others, with those that had been investing online before the global pandemic struck faring the best.

“Retailers that have adapted quickly and that invested in e-commerce are reaping the benefits,” Retail Metrics Founder Ken Perkins said in a note to clients.

“Curbside pickup, same-day delivery [and] contactless transactions are king in this environment,” he said.

—CNBC’s Amanda Lasky contributed to this reporting.

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From: Glenn Petersen9/28/2020 10:31:09 AM
   of 67
A future IPO in the same space as SHOP and BIGC:

E-Commerce Surge Draws Investment to Online Retail Logistics Providers

Outsourced fulfillment specialist ShipBob raises $68 million in funding from investors including Softbank’s Vision Fund

By Jennifer Smith
Wall Street Journal
Sept. 28, 2020 6:00 am ET

A fulfillment center in Cicero, Ill., run by e-commerce logistics provider ShipBob Inc.PHOTO: SHIPBOB INC.

The rush to online shopping is drawing fresh investor attention as the coronavirus pandemic supercharges digital demand.

E-commerce logistics and technology provider ShipBob Inc. raised $68 million to expand its fulfillment network and add business-to-business service shipping palletized goods to retailer distribution centers and stores, the company said Monday.

The Series D funding round, led by SoftBank Group Corp.’s Vision Fund, comes as backers are investing millions in ventures aimed at helping businesses handle soaring online orders.

Online U.S. retail sales surged to $200.7 billion in the second quarter, up 44.4% from the same period in 2019, according to the Commerce Department. Retailers and logistics providers are ramping up hiring, with plans to bring on hundreds of thousands of workers to help process, package and ship online orders during the holiday peak.

“In March we saw a significant acceleration of e-commerce shipping volume, going through the roof,” ShipBob Chief Executive and Co-founder Dhruv Saxena said in an interview. The company has “been doing peak volumes, Black Friday-type volumes” since the second quarter, he said, as homebound shoppers loaded up on household goods, consumer electronics and beauty and personal-care products.

Total e-commerce revenues for U.S. logistics providers are estimated to reach $53.3 billion this year, up 22.8% from 2019, as a result of the pandemic and as companies continue to outsource online fulfillment operations, according to research firm Armstrong & Associates Inc.

Those figures include revenue from Inc.’s third-party logistics operations, which Armstrong estimates at $31.8 billion. An Amazon spokeswoman declined to comment.

Venture-capital and private-equity investors are focusing on “e-commerce providers and last-mile delivery providers, as those segments are among the fastest-growing part of third-party logistics,” said Armstrong & Associates President Evan Armstrong.

Logistics technology companies are also drawing new funding. Supply-chain robotics startup Attabotics Inc. raised $50 million last month and e-commerce produce delivery platform Misfits Market brought in $85 million in funding in July. Shares of e-commerce software provider Shopify Inc. have tripled in value since March.

Founded in 2014, ShipBob has about 570 employees in the U.S. and abroad and has raised $130.5 million in funding to date. The company owns and operates four U.S. fulfillment facilities. It has also added service since April at six centers, including sites in Canada and Ireland, that are operated through partnerships with logistics providers that use its software to serve ShipBob’s customers.

The company expects to generate well north of $100 million this year, Mr. Saxena said, and has positive cash flow. “We are almost break-even as a business,” he said.

ShipBob and other logistics providers are ramping up hiring ahead of expected heavy online demand during the holiday season. E-commerce logistics company Radial plans to bring on 25,000 seasonal workers this year, up 19% from 2019, the company said last week.

Write to Jennifer Smith at

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To: Glenn Petersen who wrote (38)10/30/2020 9:33:18 AM
From: Glenn Petersen
   of 67
Shopify stock is up in pre-market trading as earnings blow past estimates

Jonathan Shieber @jshieber
8:23 AM CDT•October 29, 2020

Shopify stock jumped nearly 3% in pre-market trading today after announcing earnings that handily beat the estimates set by Wall Street.

The Ottawa-based provider of e-commerce services for retailers reported earnings of $133.2 million, or $1.13 per-share, for the third quarter after posting a loss of $33.6 million, or 29 cents per-share, in the same period last year. Analysts tracking the company had expected earnings per-share of 52 cents.

Pretty much everything about the company’s business looked good, partly driven by plummeting brick-and-mortar retail sales as health regulations to limit the spread of the novel coronavirus like occupancy constraints have slowed down foot traffic.

Shopify’s $767.4 million in revenue for the quarter was up 96% from a year ago and handily beat the expectations of analysts who were predicting for the company to bring in roughly $658 million. Operating income was also up from the year-ago period, with Shopify calling about $50 million, or 7% of revenue, compared to a nearly $36 million loss for the year-ago period. Adjusted operating income was nearly $131 million.

“The accelerated shift to digital commerce triggered by COVID-19 is continuing, as more consumers shop online and entrepreneurs step up to meet demand,” said Harley Finkelstein, Shopify’s president, in a statement. “Entrepreneurs will be the force in rebuilding economies all over the world, which makes it even more important for Shopify to innovate and build the critical tools that merchants need to succeed in a low-touch retail environment.”

“Shopify’s tremendous third-quarter results reflect the resilience and entrepreneurial spirit of our merchants,” said Amy Shapero, Shopify’s CFO. “More entrepreneurs are signing on to Shopify so they can quickly and easily put their ideas into action. We continue to evolve our global commerce operating system to make it easier for merchants to get online and start selling, get discovered, and get their goods to buyers, while providing a delightful shopping experience.”

Shopify is interesting not only for its own revenue, but what its revenues say about the health of direct-to-consumer retail businesses — some of which have raised significant investment from venture capitalists.

Looking at the company’s merchant solutions revenue, which grew by 132% to $522.1 million — the state of these direct-to-consumer companies’ bottom line must be pretty healthy. Gross merchandise volume, the figure from which Shopify derives its merchant solutions gains, was $30 billion. That figure is an increase of $16.1 billion over the year-ago period.

Shopify is sitting on a pretty hefty financial cushion with $6.12 billion in cash and equivalents, up from $2.46 billion at the start of the year.

Outside its financials, Shopify is making moves to expand its footprint in social commerce through a recent partnership with TikTok, announced yesterday. The deal should enable more Shopify sellers to reach TikTok’s audience by marketing directly on the platform using a toolkit integrated with Shopify’s dashboard, the two companies said.

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To: Glenn Petersen who wrote (39)11/3/2020 9:26:12 AM
From: Sdgla
   of 67
Quite the gift with this latest drop. Buying this am.

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To: Sdgla who wrote (40)11/8/2020 11:24:31 PM
From: puborectalis
   of 67
no comments since last tuesday on political thread??

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To: puborectalis who wrote (41)11/9/2020 8:16:50 AM
From: Sdgla
   of 67
Hey there .. how’s my fav fake md ? I’m waiting for the election results to be published. No doubt you’ve been thinking the demented pedo & his hooker vp won cuz cnn said so.

I’m of the belief Trump will take the oath on Jan 20. Willing to wait either way.
When it goes to the SCOTUS how do u think they will vote ?

And the dem corruption will be weeded out. Probably won’t need the SCOTUS Georgia’s goes for Trump

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To: Sdgla who wrote (42)11/9/2020 1:43:03 PM
From: puborectalis
   of 67

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To: puborectalis who wrote (43)11/10/2020 8:09:35 AM
From: Sdgla
   of 67
Trump now up in MI & WS after software glitches ID’d & corrected. PA about to flip for Trump as well.

Will you accept the will of the voters after the corruption has been flushed out ? I’m for a complete redo with in person voting & voter ID required being mandatory.

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To: Sdgla who wrote (44)11/10/2020 11:04:36 PM
From: puborectalis
   of 67
sore losers

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