Black Friday shopping fuels retail sales across Canada [Investment Executive - News]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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Source: Investment Executive - News
Canadian shoppers have been visiting malls and logging onto retailer websites as Black Friday sweeps through the country. Shopify Inc., an Ottawa-based company whose e-commerce software powers thousands of retail businesses, says by noon, the average cart in Canada totalled $220.63. Last year, Shopify calculated it was $172.80 by mid-day on Black Friday. Top purchasing cities within the country this year included Toronto, Montreal and Vancouver and the most popular product categories were makeup, T-shirts, skincare, vitamins and men’s underwear. Data from tech firm Salesforce found the average discount being offered in Canada was about 21%, down 11% from last year, while the average U.S. markdown was unchanged at 28%. The Retail Council of Canada has said it expects the average Canadian shopper to spend $972 on holiday shopping, up $73 or 8%, from last year. It predicted 40% of that spending would happen on Black Friday and 36% during Cyber Monday/Week.
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News
- Shopify Inc. (NYSE: SHOP) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $125.00 price target on the stock, up previously from $115.00.MarketBeat
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [BNN Bloomberg (Canada)]BNN Bloomberg
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance Canada]Yahoo! Finance Canada
- Strategists Bet Canada's TSX Will Hit 28,000 Next Year as Rates Fall [Yahoo! Finance]Yahoo! Finance
- Why Shopify (SHOP) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
SHOP
Earnings
- 8/7/24 - Beat
SHOP
Sec Filings
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- 12/20/24 - Form 144
- SHOP's page on the SEC website