Shopify CEO Tobi Lütke: Through our platform, over half a million entrepreneurs have turned their dreams into reality

Leading the future of commerce, Shopify celebrates major company milestone

OTTAWA, ON, 2017-Aug-02 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading multi-channel commerce platform, today (Aug 1, 2017) announced it now powers more than 500,000 businesses in 175 countries around the world. Since 2012, the number of merchants on the  Shopify platform has grown annually at an average rate of 74%, and these merchants have achieved over $40 billion dollars in sales.

From Bangladesh to Brooklyn, Shopify’s growing community of entrepreneurs includes makers, creators and innovators, from students trying to pay for school to merchants who have scaled from first sale to seven-figure businesses. Shopify has always strived to take the path that leads to more entrepreneurs by designing its platform to remove the technical, operational, and financial barriers to enable anyone anywhere to build, grow, and scale a business.

“Through our platform, over half a million entrepreneurs have turned their dreams into reality,” said Tobi Lütke, Founder and CEO, Shopify. “Entrepreneurship is the foundation of the global economy and it’s not easily done alone. That’s why our mission has always been to make commerce better for everyone to encourage anyone, anywhere to become an entrepreneur.”

The Network Effect of 500,000 Merchants

Merchant Demographic Breakdown:

  • Merchant growth in Q2 year over year was global, with a 56% increase in North America, 82% increase in Asia, 168% increase in South America, and 70% increase in Africa
  • More than 1.2 million people are actively using the Shopify backend platform
  • Today, more women entrepreneurs than men have built their businesses on Shopify, at 52% and 47% respectively, with 1% other
  • Average age of Shopify merchants: 18 – 24 (7.3%); 25 – 34 (37.5%); 35 – 44 (30.0%); 45+ (24.9%)

Merchant Success:

  • 131 million people have bought from Shopify stores in the last 12 months
  • Shopify merchants generated sales of over $100,000 per minute during Black Friday and Cyber Monday of last year

Third-party Partner Ecosystem:

  • Shopify’s third-party partner ecosystem, made up of creative agencies, freelance designers and developers, digital marketers, photographers, SEO specialists and brand strategists, generated an estimated $430M in revenue in 2016
  • Developers have published over 1,800 apps in the Shopify App Store with over 7M installs to date

As the retail landscape continues to evolve, Shopify is committed to helping current and future merchants adapt and create seamless shopping experiences. By interweaving tools like mobile, analytics, and innovative products with marketing and customer service, Shopify is shaping the future of commerce both online and offline.

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over half a million businesses in approximately 175 countries and is trusted by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics, and many more.

Forward-looking Statements

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements“), including statements with regard to Shopify’s operating and growth strategy. Words such as “expects”, “anticipates” and “intends” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and no assurance can be given that the launch will occur as planned. Shopify undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

SOURCE: Shopify

Small businesses and entrepreneurs take advantage of Prime Day to reach new customers, launch new products and increase sales

Small businesses and entrepreneurs take advantage of Prime Day to reach new customers, launch new products and increase sales

 

  • Small businesses and entrepreneurs use Prime Day to reach new customers, launch new products and increase sales
  • Customers ordered more than 20 million items from small businesses and entrepreneurs on Prime Day last year

SEATTLE, 2017-Jul-08 — /EPR Retail News/ — Small businesses and entrepreneurs on Amazon are preparing for a record-breaking sales day on Prime Day, with tens of millions of Prime members expected to shop the best deals of the year. Small businesses and entrepreneurs on Amazon will take advantage of increased traffic on Prime Day to reach new customers, launch new products and increase sales. Last year on Prime Day, small businesses and entrepreneurs on Amazon saw orders nearly triple year-over-year as customers ordered more than 20 million items from small businesses and entrepreneurs across more than 50 categories.

“Small businesses and entrepreneurs on Amazon from around the world are coming together for the best Prime Day ever, offering Prime members deals on tens of thousands of unique products,” said Peter Faricy, Vice President, Amazon Marketplace. “Prime Day gives small businesses and entrepreneurs on Amazon an opportunity to increase sales and reach new customers. Small businesses and entrepreneurs are increasingly using Prime Day as their proving ground for new and existing products.”

This year, more small businesses and entrepreneurs than ever will participate in Prime Day, offering tens of thousands of deals as they look to increase summer sales and reach new customers. Small businesses and entrepreneurs will offer 50 percent more Prime Day Lightning Deals than last year and more than 40 percent of all Prime Day Lightning Deals will come from small businesses and entrepreneurs.

What are small businesses and entrepreneurs saying about Prime Day?

  • “Prime Day gives us a huge lift in sales during a notoriously slow time of year. Last year, we did 20 times what we do on a typical July day on Prime Day,” said Matt Altshul, Silk
  • “Last year’s Prime Day was exactly the lift we needed to continue building our handmade business. We’re looking forward to an even bigger Prime Day this year,” said Tyler & Courtney LeCompte, Confetti Momma
  • “Prime Day is especially impactful for small businesses on Amazon as we benefit from the increased traffic and sales. I wish every day could be Prime Day,” said Kristin Rae, Inspire International
  • “Prime Day is a unique opportunity for us to showcase our product and reach out to more buyers. We’re going all in this year with more inventory and deals than ever before,” said Ercan Erciyes, Monument Labs, makers of the AI-powered smart photo storage device
  • “Amazon helped us introduce Chirps Chips to the world. Every small business should be selling on Amazon and taking advantage of Prime Day,” said Laura D’Asaro, Chirps Chips
  • “Prime Day provides young brands like ours the opportunity to reach new customers and gain greater exposure through deals and increased traffic,” said Caron Proschan, Simply Gum
  • “Prime Day last year was tremendous. We did 20 times our normal daily sales, it was simply amazing,” said Lawrence Bibi, Light Accents

Today, half of the items sold on Amazon worldwide are from small businesses and entrepreneurs, many of whom choose to use Fulfillment by Amazon to make their items Prime eligible. Small businesses and entrepreneurs selling on Amazon come from every state in the U.S., and from more than 130 different countries around the world. Amazon began inviting small businesses and entrepreneurs to sell on Amazon to increase selection and ensure customers could find and discover anything they wanted to buy online. Businesses interested in Selling on Amazon can visit us for more details at http://services.amazon.com.

About Amazon

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.

Media Hotline:
Amazon-pr@amazon.com
www.amazon.com/pr

Source: Amazon

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The Bon-Ton Stores, Inc. invites local makers, artisans and entrepreneurs for the “Close to Home” Online Sourcing Fair, Feb 7-March 24, 2017

CALLING ALL LOCAL MAKERS, ARTISANS AND ENTREPRENEURS TO APPLY ONLINE FOR CONSIDERATION

MILWAUKEE, 2017-Feb-08 — /EPR Retail News/ — The Bon-Ton Stores, Inc. (NASDAQ: BONT), which operates Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers stores, plans to expand its “Close to Home” initiative by adding in-store shops to at least 100 stores this year after a successful launch in 45 stores in fall 2016. As part of the expansion, the retailer also announced the launch of the new “Close to Home” Online Sourcing Fair that invites local artists and designers, makers, artisans, and entrepreneurs with established businesses and galleries interested in having their products sold in “Close to Home” shops to apply online.

Product submissions for the first “Close to Home” Online Sourcing Fair are being accepted February 7 through March 24, 2017 at closetohome.bonton.com. Interested applicants must reside in one of Bon-Ton’s 25 states to apply for this exclusive opportunity. The company hopes the “Close to Home” Online Sourcing Fair will attract a large number of new and talented artisans and entrepreneurs eager to grow their small businesses and reach new audiences.

Open year round in-store and online, the “Close to Home” shops feature locally-sourced and themed products and were a hit during the 2016 fall and holiday shopping season. From September through December, “Close to Home” shop sales more than doubled projections and the company expects continued growth in 2017.

“Our regional merchandising teams carefully curated these shops to deliver customers a hometown shopping experience that reflects the tastes and buying preferences of our local communities,” said Kathryn Bufano, president and CEO of The Bon-Ton Stores, Inc. “The ‘Close to Home’ shops have been a great opportunity for us to showcase local artisans and entrepreneurs and demonstrate our commitment to supporting the communities we serve.”

More than 100 small businesses from 16 cities across eight states were featured in the initial launch of the “Close to Home” shops. For many, the opportunity to sell products in a major department store provided significant growth for their business.

“I doubled my yearly revenue in 2016 and had more sales in December than the entire previous 11 months combined,” said Carma Wood, owner of Kiyi Kiyi Cosmetics in Willmar, Minnesota. “Being featured in a ‘Close to Home’ shop has allowed me to reach a wider audience of customers.”

“With our products in the ‘Close to Home’ shop, we have seen not only an increase in sales, but an increase in overall brand awareness,” commented Clint McMahon, owner of MPLS STP Clothing.  “We are very grateful to be included because our business is all about helping people celebrate home and show their hometown pride.”

“We started out selling primarily at craft fairs, farmers markets and a few boutiques, and then Bon-Ton called,” said Kelley Grace Quakkelaar of Wisconsin’s Gracie Designs, which produces hand-crafted wristlets and trucker hats for the ‘Close to Home’ shop. “It’s been a significant ramping up of our business.”

While each “Close to Home” shop is unique to its community, most shops include locally-themed apparel; glassware, pillows, blankets and home décor; handbags, scarves and other accessories; natural candles, bath and body products; and other unique giftable items. Many products are hand-crafted or made with locally-sourced materials.

Through the “Close to Home” Online Sourcing Fair, Bon-Ton plans to expand product offerings to include a broader selection of custom-designed and produced clothing and one-of-a-kind creations such as artwork, paintings, jewelry, décor and art objects crafted by local artists.

Bon-Ton aims to have “Close to Home” shops in at least 150 stores by mid-2017, representing more than half of the company’s stores. As the program expands and rotates featured makers, new items will be added frequently and seasonally. As such, the “Close to Home” shops will always have fresh and unique product assortments. Bon-Ton will hold future online sourcing fairs as part of an ongoing effort to develop more relationships with local makers and curate a broader selection of local product offerings.

About The Bon-Ton Stores, Inc.
The Bon-Ton Stores, Inc., with corporate headquarters in York, Pennsylvania and Milwaukee, Wisconsin, operates 263 stores, which includes 9 furniture galleries and four clearance centers, in 25 states in the Northeast, Midwest and upper Great Plains under the Bon-Ton, Bergner’s, Boston Store, Carson’s, Elder-Beerman, Herberger’s and Younkers nameplates. The stores offer a broad assortment of national and private brand fashion apparel and accessories for women, men and children, as well as cosmetics and home furnishings. The Bon-Ton Stores, Inc. is an active and positive participant in the communities it serves. For store locations and information, visit bonton.com. Join the conversation and be inspired by following Bon-Ton on Facebook, Twitter, Instagram, Pinterest and the fashion, beauty and lifestyle blog, #LoveStyle.

SOURCE: The Bon-Ton Stores, Inc.

Best Buy’s Mountain View store adds dedicated space to showcase latest technology from entrepreneurs and startups

Minneapolis, MN, 2016-Sep-27 — /EPR Retail News/ — Silicon Valley is the heart of tech innovation, so it’s only fitting Best Buy would go there to open a new, one-of-a-kind store experience that showcases the latest technology from some of the world’s most inventive entrepreneurs and startups in consumer electronics.

We’ve added dedicated space inside our new Mountain View Best Buy store (which opened Sept. 16 after relocating from its previous location in Sunnyvale) where customers can discover and learn about some of the newest tech products on the market. The space is divided into three sections: crowdfunded gadgets, wearable tech and audio.

The revamped store is part of our new Best Buy Ignite program, which aims to give our customers access to even more of the world’s newest tech products. We’re also adding a new section on BestBuy.com for startup products.

Here’s a quick look at some of the items on display at the Silicon Valley store, most of which are also available online.

Crowdfunded gadgets

The Ignite space features a selection of crowdfunded gadgets from startup companies, including:

  • Tangram Smart Rope, a jump rope that tracks your workout data, including jump count, calories burned, elapsed time and fitness goal progress.
  • Flic smart button, a small, wireless button that creates easy, one-touch access to stream music, control lights and other mobile functions without having to touch your phone.
  • RoBo 3D printer, which is made with a “unibody” design to eliminate common 3D printing issues, such as misalignment and inaccurate prints. At $179, it’s cheaper than most other 3D printers.
  • Zuli Smartplug, an outlet plug that can estimate your energy usage, communicate with your smartphone and even put your coffee maker on a schedule.
  • Noke Bluetooth padlock, which allows you to track its location, share access with friends and manage multiple locks.

Wearable technology

When you hear the Under Armour name, you probably think of workout clothes and basketball shoes. But the sports apparel giant is also an emerging player in the world of wearable technology.

The Ignite space features the Under Armour UA HealthBox, a smart fitness system that comes with everything you need to keep track of your overall health. It includes an activity tracker that monitors your steps, sleep quality and resting heart rate, a smart scale that measures your body weight and fat percentages, and a sweat-resistant chest strap that measures heart rate and automatically sends the data to Under Armour’s health and fitness app, UA Record.

Audio

The store also features some of the world’s newest and most advanced headphone technology, including:

  • Muzik, a smart and connected headphone that is designed to enhance user experiences in third-party apps and platforms. With programmable shortcuts, called “hot keys,” users can easily activate their favorite playlist, save or share their favorite tracks, or identify what’s playing with one touch.
  • Bragi, wireless smart earphones that combines a music player, activity tracker and smartphone into one device. You can listen to music without any device synced by using taps or swipes, and you can hook up your phone so you can answer calls or track your activity.

For customers outside of the Bay Area, other startup products can be found online and in hundreds of Best Buy stores nationwide. Examples include the Anova precision cooker, Fizzics draft beer system, Keen Home smart vent, Petcube pet camera and Luma Home Wi-Fi system. Many stores also have the Mevo live event camera, SkyLab camera stabilizers and Prynt instant photo printer

Source: Best Buy