Analysts say Shopify can compete with Amazon and will help others to do so too - CNBC
Analysts say Shopify can compete with Amazon and will help others to do so too - CNBC |
- Analysts say Shopify can compete with Amazon and will help others to do so too - CNBC
- USA glad with results of Mammadyarov-Mnatsakanyan meeting - aysor.am - Hot news from Armenia - Aysor
- Nike Air Foamposite One USA Coming Soon: Official Photos - HotNewHipHop
- 2 San Clemente surfers earn USA Surfing championship titles at Lower Trestles - OCRegister
| Analysts say Shopify can compete with Amazon and will help others to do so too - CNBC Posted: 24 Jun 2019 10:11 AM PDT  Harley Finkelstein, COO, Shopify Scott Mlyn | CNBC There's an up and coming company you may not know much about that's gearing up to compete with Amazon in a big way, and Wall Street analysts' believe it has a fighting chance. Last week, Canada-based Shopify unveiled its "shopper fulfillment network" a new service that will allow third-party merchants to better compete with Amazon on delivery times. Analysts cheered the move and the stock jumped 7% last week, adding to its already big gains on the year. Shopify is a platform that helps merchants and brands create an online store, manage products, payments and shipping. With this new launch, it's now acquiring warehouses in various parts around the U.S. and Canada and integrating AI in order to get customers their goods more quickly and easily. "Similar to how Amazon built its fulfillment center network over the years to support Amazon Prime two-day (and now one-day) shipping, we also expect Shopify Fulfillment Network to grow and improve the value proposition for merchants significantly," Barclays said in a note to clients. The firm increased their price target to $310 from $225. Consumer packaged goods is one area where Shopify can thrive, according to analysts at Rosenblatt. This allows a business to take its product "direct-to-consumer" and avoid competition with the likes of Amazon and Walmart. "Consumer packaged brands have long been squeezed on the margin (pun intended) by Amazon and Walmart, and are increasingly being boxed out by their private label ambitions," Rosenblatt said. The firm also called it an, "unpenetrated opportunity." "Management showed yet another ace up its sleeve with its announced Shopify Fulfillment Network." This will also help ease merchant fears about Amazon doing a so-called "white labeling" of products as well, say analysts at Summit Insights. White labeling is when a company sells goods under its own brand but removes the logo or brand of the maker of the product. "Merchants have expressed reservations when doing business on Amazon's platform including concerns of Amazon white labeling their own product to compete," Summit Insights said. "With SHOP's fulfilment Network, we see merchants eagerly exploring this alternative to their worst retail nightmare." "This is big: Amazon alternative," they said. Here's what analysts are saying about Shopify: Barclays- Equal weight rating, price target to $310 from $225 "The launch of Shopify fulfillment network was well received by the investment community as shares have traded up +11% vs. (Nasdaq +2%) since the announcement this week. The fulfillment solutions should enable SHOP to not only capture incremental economics from logistics but to also improve customer stickiness meaningfully long term...Similar to how AMZN built its fulfillment center network over the years to support Amazon Prime two-day (and now one-day) shipping, we also expect Shopify Fulfillment Network to grow and improve the value proposition for merchants significantly." Goldman Sachs- Neutral rating "The company announced the Shopify Fulfillment Network, allowing merchants to ship product to customers via a network of fulfillment centers across the US. Machine learning will be utilized to optimize demand forecasting, inventory allocation across warehouses, and order routing. At scale, SHOP expects fulfillment will allow merchants to deliver to 99% of the continental USA within two days or less, making it more competitive with Amazon. We believe this is a significant development as long wait times for delivery along with high shipping costs often led to lost sales and lower customer satisfaction." Rosenblatt- Buy rating, price target to $395 from $295 "Management showed yet another ace up its sleeve with yesterday's announced Shopify Fulfillment Network. SHOP merchants will soon have a robust and intelligent back office solution for managing inventory and getting orders delivered 2-day coast-to-coast, driving significant incremental GMV to the platform. The subsequent business scale, discussed below, drives our DCF-based price target from $295 to $395...Consumer packaged goods remains big unpenetrated opportunity. Shopify Plus head Loren Padelford confirmed our earlier notion that Shopify is quietly emerging as "the" DTC platform for CPG. CPG brands have long been squeezed on the margin (pun intended) by Amazon and Walmart, and are increasingly being boxed out by their private label ambitions. CPG is also getting pushed on the other end of the spectrum by new flashy brand entrants." Canaccord- price target to $360 from $270 "In our view, Shopify is getting to point at which breadth of product, vibrancy of partner ecosystem, and general retail scale will enable the firm to pull away at an exponential pace. This is a best-in-class growth story at scale, which is why we continue to like Shopify and are bumping up our target to $360 ahead of a more strenuous valuation analysis later this summer. We'd own at least a partial position in SHOP today and look to fill it out with market pullbacks." Baird- Outperform rating, price target to $360 from $269 "Management announced the new Shopify Fulfillment Network, a partner-driven logistics infrastructure that will provide storage and shipment solutions to the company's merchant ecosystem. While the company plans to invest $1B into its fulfillment network over the next five years, Shopify is taking a relatively asset-light approach to its fulfillment rollout by leveraging 3P fulfillment partners. Given the significant near-term investments required to scale, the company expects the bulk of the return to come after 2023, but new fulfillment services should reduce churn and customer acquisition costs as Shopify looks to provide merchants with a viable alternative to Amazon." Summit Insights- Buy rating "This is big: AMZN alternative. Merchants have expressed reservations when doing business on AMZN's platform including concerns of AMZN white labeling their own product to compete. With SHOP's Fulfilment Network, we see merchants eagerly exploring this alternative to their worst retail nightmare. In addition, with SHOP's international expansion with an introduction of eleven native languages and currency exchanges/transfers announced during Unite, merchants would have another reason to utilize SHOP's platform versus AMZN's (or even Magento's, Bigcommerce's)."  |
| USA glad with results of Mammadyarov-Mnatsakanyan meeting - aysor.am - Hot news from Armenia - Aysor Posted: 25 Jun 2019 01:15 AM PDT  Washington organized meeting between foreign minister of Armenia Zohrab Mnatsakanyan and foreigm minister of Azerbaijan Elmar Mammadyarov to promote the settlement of the Nagorno Karabakh conflict, U.S. ambassador to Baku Lee Litzenberger stated. "We are happy that Mammadyarov-Mnatsakanyan talks took place in the United States. The goal of the meeting was to support the continuation of the peaceful regulation process of the Nagorno-Karabakh conflict," the ambassador said, adding that the USA is glad that the ministers of the two countries agreed to have another meeting in near future. In case you have found a mistake in the text, please send a message to the editor by selecting the mistake and pressing Ctrl-Enter.  |
| Nike Air Foamposite One USA Coming Soon: Official Photos - HotNewHipHop Posted: 24 Jun 2019 02:53 PM PDT Nike is cooking up another pair of Foamposites just in time for the Fourth of July BBQ. Coming on the heels of the "Albino Snakeskin" colorway that we unboxed earlier this week, comes this all-new patriotic Nike Air Foamposite One. As seen in the official photos that surfaced on Monday, the women's Foams are of the mismatched variety, with the left shoe split in half between white and red, while the right shoe opts for a white and blue design. Each sneaker comes equipped with two sets of red and blue pull tabs, as well as matching Penny logos on the tongue and heel. White laces, dijointed Nike swooshes on the forefoot, and a translucent outsole rounds out the look. Nike has not yet announced release details but it is believed the kicks will launch on July 1 for the retail price of $230. Scroll through the IG posts embedded below for additional shots of the patriotic Foams and stay tuned for official images.
Nike Air Foamposite One USA/J23 App
Nike Air Foamposite One USA/J23 App
Nike Air Foamposite One USA/J23 App
Nike Air Foamposite One USA/J23 App |
| 2 San Clemente surfers earn USA Surfing championship titles at Lower Trestles - OCRegister Posted: 24 Jun 2019 03:33 PM PDT The waves showed up — and so did the action. Two Orange County surfers won titles at the USA Surfing Championships at Lower Trestles on Saturday, June 22, an event that draws more than 250 of the nation's best young talent to compete for five days. "Finals day was amazing. We had great waves the whole event, but they kicked it up a notch for finals day, the sun came out and wind stayed down," said USA Surfing Executive Director Greg Cruse, noting surf was in the four- to six-foot range on the last day. "The performances were amazing in every division." Cruse called the final heat of the day, the under 18 boys division won by Crosby Colapinto, the most exciting final in the history of the event. Colapinto scored a perfect 10, then backed it up with a near-perfect score of 9.93 with an air reverse. The win was Colapinto's fourth championship title – and Cruse said he wouldn't be surprised if Crosby soon follows in big brother Griffin's path competing against the world's best surfers on the World Championship Tour. "I wouldn't bet against it," Cruse said. "I could imagine Crosby being on the CT." Hayden Rodgers took the title for the under 14 boys division. Rodgers' heat came down to the buzzer, as he was able to capitalize on a sizable wave to overtake Oceanside's Lucas Owston. The event ran for five days at the cobblestone surf break on State Parks land just south of San Clemente, near San Diego – with a group of surfers from North San Diego showing up to dominate. Sign up for our Coast Lines newsletter, a weekly digest of news and features on how the residents of the SoCal coast are building ties to their changing environment. Subscribe here. San Clemente has always drawn talent, Cruse said, but there's a new group from the coastal areas of Encinitas, Carlsbad and Oceanside who have stood out in recent years. "There seems to be hot beds of activity, the kids are all friends and all push each other," he said of the North San Diego surfers. "That's where you get the advancement and progression." Among the San Diego standouts was Carlsbad's Alyssa Spencer, who had a double win in girls U16 and U18. She beat out two San Clemente surfers Sawyer Lindblad and Kirra Pinkerton in the under 18 division. Spencer and Colapinto also were named winners of the 2019 Governor's Cup, the highest honor of the event, given to the athletes with the best performances through the years. Other winners in the USA Surfing Championships include: Vaihiti Inso, Hawaii (U12 girls); Chase Niemann, Carlsbad (U12 boys); Betty Lou Sakura Johnson, Hawaii (U14 girls); and Levi Slawson, Encinitas (U16 boys). The event follows the National Scholastic Surfing Association championships at Salt Creek, where San Clemente High School earned victories in varsity and junior varsity, and Shorecliffs Middle School won its 16th title. Many of the best young surfers will now focus on the NSSA individual championships to be held in Huntington Beach at the pier from Wednesday, June 26 through July 3.  |
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