Shopify beats revenue expectations on resilient online shopping trend

By Chavi Mehta

(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

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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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Worried about online shopping scams? Here’s how to protect yourself

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Online shopping scams are everywhere. (Photo: Getty)

Online shopping scams are everywhere. (Photo: Getty)

If you think you’re safe just browsing the internet for gift ideas, think again. Online shopping scams are out there, waiting to trip you up.

Scammers are trolling your searches to identify which products shoppers are looking for. “When you click on things, even if you don’t make a purchase, scammers have access to those tools, so they can really get a good gauge of what it is you’re looking for,” says Melissa Lanning Trumpower, the Executive Director of the Better Business Bureau’s Institute for Marketplace Trust

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