Shopify sees 110 percent year-over-year revenue growth as e-commerce continues to boom amid pandemic
Shopify continued to see massive growth in the first quarter of 2021 with revenue, income and gross profit all significantly increasing year-over-year.
Shopify’s total revenue for the first quarter of this year was $988.6 million, an increase of 110 percent year-over-year. The company’s gross profit was up 117 percent to $558.7 million, compared with $257 million for the first quarter of 2020. All numbers are in USD.
The Ottawa-based company’s net income for the quarter was $1.25 billion, or $9.94 per diluted share. This is compared with a net loss of $31.4 million, or $0.27 per diluted share. Shopify’s net income also included a $1.3 billion unrealized gain on its equity investment in Affirm, which went public in January.
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Picking the UK as the first country outside the Gulf to expand his online flower delivery business was a natural step for Kuwaiti entrepreneur Abdulaziz Al Loughani.
First set up in 2017, Floward has grown into a $30 million (£21.64m) business with its annualised revenue soaring 1,400 per cent between January 2020 and 2021 - when the rest of the world was grappling with the economic fallout from the Covid-19 pandemic - and its transactions surging 1,200 per cent.
Mr Al Loughani, who spent a year of his high school education in London and completed his MBA in the city, expanded his venture to the UK in November last year after spotting the potential the market offered his business.
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VANCOUVER, BC, April 27, 2021 /PRNewswire/ - Purpose-led footwear brand Native Shoes announces a limited-edition collaboration with Crayola, celebrating the brands shared creativity. Drawing inspiration from Crayola bold and iconic colors, the spring range spans 11 of Native Shoes best-loved styles for adults and kids, brought to life in two distinct design families.
Designed for colorful creatives, the classic
Jefferson, Jefferson Child, Spencer LX and
Charley sandals have been reimagined with a bright,
abstract scribble print, mimicking the laydown of classic Crayola markers. An additional quirky
four-scribble print sees the Jefferson Child emblazoned with different color scribbles on each side - tailor-made for tiny trendsetters.
Big part of Beaumont Leys Shopping Centre, Leicester, sold
Busy out-of-town shopping centre is anchored by a big Tesco Extra megastore
03:00, 27 APR 2021
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Part of an out-of-town shopping centre has been sold.
International investment and development company Cervidae has bought Fletcher Mall, part of Beaumont Leys Shopping Centre on the outskirts of Leicester. The property was sold by British Land.
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CloudMargin appoints Martin Heraghty sales director, DACH region 4 hours ago
Source: CloudMargin CloudMargin, creator of the world’s first and only collateral and margin management solution native to the cloud, announced today that Martin Heraghty has joined the firm as Sales Director for the DACH region in Europe, comprising Germany, Austria and Switzerland, and Central Europe.
He has over 20 years of relevant experience, including more than 15 years selling trading technology solutions.
Heraghty has extensive relationships throughout Europe and a deep understanding of the collateral management space. He spent several years at Lombard Risk (now VERMEG), responsible for sales in the European territories of the firm’s collateral management and risk solutions. He also served as Busines