×
80 096
Fashion Jobs
MICHAEL KORS
Part Time Sales Supervisor, Jeffersonville Ohio
Permanent · Jeffersonville
ASCENA
g1614 - General Manager-Ann
Permanent · New York
ASCENA
ft Assistant Manager @ Ann Taylor: Town & Country Village
Permanent · Houston
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Columbus
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Marysville
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Louisville
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Sunset Valley
KOHLS
Full-Time Loss Prevention Officer
Permanent · Sacramento
KOHLS
Loss Prevention Manager - Oxmoor, ky
Permanent · Louisville
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Mansfield
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Huntsville
KOHLS
Loss Prevention Associate
Permanent · DeSoto
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Livonia
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Woodbury
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Layton
NORDSTROM
Assistant General Manager- Marketplace Cafe- Ross Park
Permanent · Pittsburgh
NORDSTROM
Asset Protection - Agent - Buckhead Station Rack
Permanent · Atlanta
NORDSTROM
Retail Stock - Schererville Rack
Permanent · Schererville
NORDSTROM
Retail Stock & Fulfillment - Phipps Plaza
Permanent · Atlanta
NORDSTROM
Asset Protection Agent - Village Square Rack
Permanent · Northbrook
NORDSTROM
Asset Protection Agent - Sun Center Rack
Permanent · Columbus
Published
Apr 2, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shopify announces optimistic Q1, suspends 2020 outlook

Published
Apr 2, 2020

Ottawa-based e-commerce company Shopify Inc. said on Wednesday that it is suspending its previous financial expectations provided for full-year 2020, as the Covid-19 crisis continues.

Shopify announces optimistic Q1, suspends 2020 outlook. - Facebook: Shopify


Nonetheless, it expects to report first-quarter earnings on May 6, 2020 that are within or ahead of its previously announced guidance. 

“Shopify ended 2019 with momentum that continued into January and February of 2020. This will enable us to report revenue and adjusted operating income for the first quarter within or ahead of the range of expectations provided on February 12, 2020, despite the global economic disruption that emerged in March triggered by Covid-19,” the company said in a news statement. 

Shopify is currently “analyzing the data across its platform for insights into how COVID-19 is affecting merchants’ operations in order to provide the most effective support.” 

So far, the company said that early signs indicate that brick-and-mortar businesses are pivoting to online as consumer demand shifts. It also noticed an increase in the use of promotions by merchants to boost sales, as well as industry-specific sales trends. 

In interim, the company is supporting merchants with initiatives like adding gift cards to all plans for all merchants, offering local in-store/curbside pickup and delivery for POS merchants, extending its 90-day free trial to all new standard plan signups and more. 

It also announced that it will be making US$200 million in loans available to merchants through the company’s Shopify Capital program. 

Shopify noted that in March, it terminated thousands of merchants charging unfair prices or making false claims about Covid-19-related items such as face masks or hand sanitizers.

Last year, Shopify’s total revenues hit $1.578 billion. Subscription solutions revenue grew 38 percent to $642.2 million, while merchant solutions revenue grew 54 percent to $935.9 million.

Despite the impressive progress, Shopify posted an annual net loss of $124.8 million, or $1.10 per share, compared with $64.6 million, or $0.61 per share, for 2018.

Copyright © 2022 FashionNetwork.com All rights reserved.