Here’s what Black Friday – Cyber Monday sales data is saying about the consumer

Record Black Friday sales? Struggling consumers? Something doesn’t add up… Adobe posted a “record” $9.12B sales figure. But they left off one key number: transaction volume. With inflation running near 7%, it’s possible sales (adjusted for inflation) have actually decreased. Where are sales increasing? Shopify — which powers nearly a third of all online stores…

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Deep Dive into Farfetch stock: recessions hit luxury markets differently

The rich continue to spend, and luxury brands continue to grow. Last week, Hermès International reported sales growth of 24% (constant exchange rate) in the recent quarter. LVMH also saw similar results. Hermès International raised prices by 4% and is planning another 10% increase in 2023. 40% of US consumer spending comes from the top…

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Online marketplace stocks look cheap as many search for alternate options

Yes, we know, they’re down bad. E-commerce has been one of the hardest-hit sectors of the year. Stocks that were up many multiples during COVID have lost over 50% of their value. But, we also like a good bargain at the flea market. A marketplace for everything Online marketplaces bring sellers and buyers together. Furniture…

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Pinterest’s new CEO takes the social platform shopping

Pinterest reported a mixed earnings report, which sent its stock up 11.6% yesterday. Monthly active users declined 5% — less than expected. Sales grew 9% — showing ad dollars spent on Pinterest to be more resilient than other social media platforms. But its future is much more uncertain. What’s the big deal? Pinterest (NYSE:PINS) is…

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Shopify CEO Tobi Lütke sheds light on the state of e-commerce

Shopify (NYSE:SHOP) — the e-commerce software provider — is cutting 10% (~1,000 workers) of its workforce (WSJ) with most of its cuts in recruiting, support and sales divisions. What’s the big deal? CEO Tobi Lütke expected e-commerce sales to stay strong post-COVID — but admitted in yesterday’s memo, “It’s now clear that bet didn’t pay…

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Shopify faces its biggest challenge as it moves into phase two

“I don’t like change” — probably some value investor. Last week, Shopify (NASDAQ:SHOP) forecasted slower growth post-pandemic — sending its stock down 26% since its earnings report. Shopify is entering its next business phase and investors afraid of change won’t like what’s coming… Slower but still rapid Shopify is known for selling software to power…

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E-commerce stocks go offline

Fading pandemic benefits are hitting e-commerce stocks hard. Yesterday’s reported earnings from Shopify (NASDAQ:SHOP) and Wix (NASDAQ:WIX) sent their stocks down 16% and 23%. What’s the big deal? The COVID after-effect first hit work-from-home stocks like Zoom and Peloton — now making its way to e-commerce. After rising 237% between 2020-2021, Shopify — the e-commerce…

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Can Amazon wake up from its 2021 nap?

Investing in Amazon was a snooze in 2021 — its stock only up 2.3% on the year — way short of the S&P 500 average. It was also the worst-performing tech giant compared to Alphabet, Meta and Apple. But Amazon’s temporary weakness may be offset by its long-term potential. 2021 just wasn’t Amazon’s year Amazon…

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Sea, the most valuable company in Southeast Asia pushes global expansion

Once your gaming company makes billions, what’s the next step? Launch a billion-dollar e-commerce company. That was Sea LTD’s game plan — becoming the most valuable company in Southeast Asia in the process. What’s next? World domination, starting with Latin America. Monster of a company Founded in 2009, Sea operates the largest gaming, e-commerce and…

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The future of e-commerce as told by Shopify and Amazon

Last week, two giant e-commerce companies reported earnings that confirmed what was already expected — e-commerce spending is slowing down as consumers take their spending elsewhere. But their earnings also show us two diverging growth stories… Something old: Amazon Amazon (NASDAQ:AMZN) fell 7% after reporting worst-than-expected earnings on Thursday — sending other e-commerce companies (i.e….

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