Shopify news and archive

UK retailers eye brisk festive season as consumer confidence rebounds

British consumers are preparing to spend again. According to Shopify’s latest Holiday Retail Report, the average UK shopper plans to part with 181 pounds across Halloween, Black Friday, and Christmas, up from 159 pounds last year, signalling renewed confidence ahead of the 2025 festive season. Despite lingering unease around the Autumn Budget...

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UK retailers lean on own websites as margins tighten

New research from Shopify suggests UK retailers are turning to their own ecommerce websites as the most reliable route to resilience in a strained retail environment. According to the Global Business Pulse Survey, 52 percent of UK retail decision-makers say their own website gives them the greatest control over operations, ahead of marketplaces...

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Affirm expands into Canada via Shopify, plots UK entry

Payment network Affirm has expanded its partnership with Shopify to enter the Canadian market. Here, akin to its current deal with the e-commerce provider in the US, Affirm will become the exclusive pay-over-time provider with Shop Pay Installments for Shopify merchants in the region. This comes in the form of a renewed multi-year partnership...

Retail

Loop and Global-e partner to streamline cross-border returns for fashion brands

As fashion retailers intensify their focus on international expansion, operational efficiency has become paramount. In a move aimed at reducing friction in global returns, commerce operations platform Loop has announced a strategic partnership with cross-border e-commerce specialist Global-e. The collaboration seeks to simplify returns...

Retail

Yeezy faces backlash over offensive product as Shopify shutters online store

It has been a turbulent week for Yeezy founder Ye, formerly known as Kanye West, as controversy continues to swirl around his brand. The fallout began with the sudden departure of Gosha Rubchinskiy, a key collaborator and influential designer, who announced he was leaving Yeezy to revive his eponymous label. But the situation worsened...

Retail

Industry leaders comment on September retail sales growth

Retail sales rose by 0.3 percent in September and increased 3.6 percent by value and 4 percent by volume. Three industry leaders comment on the latest figures: Kris Hamer, Director of Insight at the British Retail Consortium, said: “September saw the strongest retail sales growth since January, and the highest sales volume since March 2022. This...

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Retail

UK retailers set for holiday spending boost despite consumer caution

After a turbulent year for retail, Shopify's latest Holiday Retail Report brings welcome news for UK businesses. The UK is the only international market where consumers are expected to increase their spending significantly during Black Friday and Cyber Monday 2024. The report reveals a projected 21 percent rise in average spending per shopper,...

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Shopify posts strong Q2 results

Ecommerce player Shopify reported second quarter gross merchandise volume growth of 22 percent to 67.2 billion dollars. The company said that revenue increased 21 percent to 2 billion dollars, which translates into year-over-year growth of 25 percent after adjusting for the sale of logistics businesses. For the third quarter, the company expects...

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Target partners with Shopify to offer third-party merchants

US department store giant Target has established a new partnership with Shopify which will see some of the commerce platform’s own merchants added to the Target Plus marketplace. It marks the first time a mass market retailer has worked with Shopify on such an agreement, therefore expanding both the reach of Shopify and Target’s third-party...

Retail

Shopify unveils new AI-powered commerce features

Shopify, the e-commerce infrastructure provider, has unveiled a comprehensive update to its platform in its Summer '24 Edition, aiming to deliver a more unified and intuitive experience for merchants. The company is refining its services to meet the evolving demands of commerce across various scales, from entrepreneurs to enterprises. Deann...

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Shopify reports strong first quarter

Shopify’s first quarter gross merchandise volume (GMV) increased 23 percent to 60.9 billion dollars. Revenue also increased 23 percent to 1.9 billion dollars, translating into year-over-year growth of 29 percent after adjusting for the sale of logistics businesses. “Our outstanding Q1 performance is clear proof of our dedication to the new shape...

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Retail

Shopify says retailers and consumers are accelerating climate-conscious shopping

Canadian e-commerce platform Shopify is increasing its efforts to combat climate change, emphasising the symbiotic relationship between commerce and environmental sustainability. As a corporate investors in long-term carbon removal initiatives, the Ottawa-based company says it has allocated over 32 million dollars to support 22 innovative,...