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Published
Apr 29, 2020
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Shopify launches its first consumer app

Published
Apr 29, 2020

Ottawa-based e-commerce company Shopify Inc. unveiled on Tuesday a new mobile app aimed at consumers. 

Shopify launches its first consumer app. - Shopify


Dubbed 'Shop', the first-of-its-kind mobile shopping app is said to be “designed to create a more intuitive online shopping experience from product discovery to package delivery.”

The platform brings together Shopify features like 'Shop Pay', a one-click accelerated checkout, and 'Arrive', an app to track online orders, which will allow users to check-out effortlessly, and track all of their online orders in one place. 

The app also allows users to locate nearby merchants to support local businesses - a message that has been pushed amid the Covid-19 crisis - and offers personalized recommendations, like new releases and deals from the brands shoppers love. 

“Shopify has focused the last decade on solving complex problems for entrepreneurs by making commerce seamless and accessible,” said Carl Rivera, general manager of Shop, in a news statement. 

“Now, we want to do the same for customers. We set out to solve the common pain points in the customer’s shopping journey today, while developing specific features, like local business discovery, that will be relevant today and in the future.”

Earlier this month, Shopify suspended its previous financial expectations provided for full-year 2020, as the Covid-19 crisis continues.

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

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.

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