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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

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How AR Helps You Shop Better Online

Augmented reality (AR) has redefined eCommerce, making your shopping experience easier. This technology changes a real environment by virtually enhancing it, allowing you to experience a virtual representation of the product.

AR includes a representation of features from reality, such as sound and visual effects. So, how do these make your online shopping experience better? Let’s take a look.

Product Information Is Presented Thoroughly

AR allows you to see and examine a product’s features without having to step into the store. This presents a personalized visual of the product from the comfort of your home, or from any location of your choice.

This way, It is also easier to customize certain elements to your preference, such as size, colour or designs. eCommerce stores provide 3D interactive models of products so that your online shopping experience is as close to reality as possible.

As the technological age advances, modern applications continue

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Online shopping to drive Royal Mail parcel volumes higher than pre-Covid






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Royal Mail has seen early signs that domestic parcel volumes are re-basing at a higher level than pre-pandemic as consumers continue to be gripped by an online shopping frenzy. 

Parcel volumes have swelled by more than a third in comparison with pre-Covid levels, in the three months to June 2021. 

The logistics and express services group GLS – which owns Royal Mail – saw its total revenue lift by 36.6 per cent on levels seen in 2019.

While Royal Mail’s revenue alone grew by 13.4 per cent on figures posted before the pandemic.

“We are starting to see evidence that the domestic parcel market is re-basing to a higher level than pre-pandemic, as consumers continue to shop online,” GLS group chair Keith Williams said.

Parcel volumes took a tumble when the UK first went into lockdown and all non-essential retail was closed and people were

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Ocado Eyed as ‘Three Bot’ Fire Disrupts Online Shopping Orders

Ocado Group (OCDDY) was on investors’ radars Monday after a “three-bot” collision caused a fire in one of the online grocery giant’s U.K. fulfillment centers, resulting in potential grocery delivery delays of up to a week.

The blaze broke out late on Friday after three robots used to handle orders collided at the Erith facility in southeast London, the company said. The warehouse can handle about 150,000 orders a week under Ocado’s joint venture with Marks & Spencer.

The “collision of three bots” used to fill orders triggered the fire, the company said. The company expects the facility to begin operating again “within the coming week” as the damage is limited to a small section of “less than 1%” of the grid.

The incident, which required about 100 firefighters and 15 fire engines to tamp down, is the second major fire to hit an Ocado warehouse in the past three

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