One, two, TikTok’s coming for you. Three, four, better lock your stores. In August, TikTok began rolling out its TikTok Shop feature to 150M monthly active users in the US — and now they can find a feed of “recommended” products beside their “For You” tab. TikTok is going after the dominant US e-commerce giant…
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Three Global E-Commerce Giants Rip Higher as Cost-Cutting Efforts Pay Off
It’s been nearly a year and a half since e-commerce stocks crashed from their pandemic euphoria highs. But investors are seeing results from cost-cutting efforts — sending three global e-comm giants soaring this year. Travel ITIN: Three continents and three companies in one article. Buckle up. 🇸🇬 Sea (NYSE:SE). The Southeast Asian gaming and e-commerce…
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Taking a Page Out of Alphabet’s Playbook: Alibaba is Splitting Six Ways
Alibaba (NYSE:BABA) — the Chinese Amazon lookalike — is splitting itself into six different units, saying the move is designed to unlock shareholder value. Alibaba Group will become the holding company — and each unit will have its own CEO and could raise money or go public individually. Here’s how the new Alibaba will look:…
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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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