News

Shopify Beats Revenue Expectations on Resilient Online Shopping Trend | Technology News

(Reuters) -Canada’s e-commerce giant Shopify Inc beat second-quarter revenue expectations on Wednesday, on the back of a resilient online shopping trend precipitated by the COVID-19 pandemic.

“Shopify fired on all cylinders in our second quarter, keeping our merchants well equipped to seize the opportunities presented in a post-pandemic retail era,” said Amy Shapero, Shopify’s chief financial officer.

U.S.-listed shares of Shopify rose 2% in premarket trading.

Shopify’s value nearly tripled over the last year due to unprecedented growth of the e-commerce sector as customers looked towards online shopping as the only viable alternative during the pandemic.

“I think the Delta variant and re-emergence of COVID-19 ends up further ingraining the shift to digital commerce for consumers,” said Ygal Arounian, analyst at Wedbush Securities.

“It is likely that, even if we are not getting full closures, physical shopping is one area consumers pull back on, given how comfortable people have become

Read More

What Fashion Resale Can Learn from Cars and Consumer Electronics | BoF Professional, News & Analysis

There is little doubt that fashion resale is heating up. ThredUp’s July acquisition of Remix and Etsy’s acquisition of Depop the month before underscore the growing momentum in the space and the increasing size and scale of the players aiming to seize the opportunity.

Since 2019, the market has seen at least 4 IPOs, 13 major new entrants (e.g. platform launches or companies directly entering resale), 14 major brand and retailer partnerships and 6 Resale-as-a-Service start-up launches, according to The Future of Fashion Resale, a report by BoF Insights, a new data and analysis unit at The Business of Fashion.

Yet for all of this recent activity, there is still significant potential upside for secondhand fashion, especially as BoF Insights estimates that only approximately 5-7 percent of resaleable fashion inventory is actually resold around the world today.

Fashion resale might still be in its infancy. But as brands and retailers

Read More

Prophetess Pamelia Wright’s newly released “The Beauty Makeover for Men and Women” is an intriguing opportunity for spiritual reflection and growth | News

MEADVILLE, Pa., July 26, 2021 /PRNewswire-PRWeb/ — “The Beauty Makeover for Men and Women”: a fascinating discussion of faith-based self-worth. “The Beauty Makeover for Men and Women” is the creation of published author Prophetess Pamelia Wright, a teacher, a motivational speaker, a corporate CEO, and a community advocate and leader.

Prophetess Wright shares, “People of the world, the time is now! How old or young you are does not matter. Age is only a number. It is time for you to live the life you were destined to live. This beauty makeover is vital. Knowledge is power, and the truth will set you free. Each page of this book gives you the power to create the life you want and the truth that sets you free from all the barriers keeping you from your rightful life. It is no accident that you are reading this message today. God is

Read More

WATCH NOW: Charis Jones expands her Richmond-based Sassy Jones jewelry and accessory business by adding a clothing line | Business News

“Our customers were taking our boldly printed scarves and making halter tops and skirts and boleros out of them. They’re wearing them like clothes,” she said. “So it’s really literally just giving the people what they want.”

Sassy Jones began testing different designs and hired its first fashion designer in December. Since then, the team has grown to five designers.

Jones is involved in the creative process, advising on styles and designs and selecting fabrics for each look.

“My accessories and beauty line has always been focused on bold pops of color, unique pieces and quality materials — and those same concepts shine through in my fashion line,” she said. “At the core, the collection helps women boost their self-confidence in whatever they put on.”

The Sassy Jones ready-to-wear collection is going to change the face of fashion, said Amanda Campbell, who was hired as the company’s first fashion designer.

Read More