Business
Shopify: The e-commerce platform has notched up another year of tremendous growth

Shopify: The e-commerce platform has notched up another year of tremendous growth

Shopify vs. Amazon

There aren't many credible threats to Amazon's reign as the king of e-commerce. Shopify, however, is a very legitimate one — and last year they doubled their revenue again, taking in almost $3bn from merchants across the world. eMarketer now estimates that Shopify stores processed a little under 9% of all retail e-commerce in the US last year, second only to Amazon that had 39% market share.

Interestingly, Amazon is taking Shopify pretty seriously. Last month they quietly acquired Selz, an Australian tech company that helps customers "sell digital products, physical products and services all from one simple platform"... which sounds a lot like Shopify.

Everything-as-a-service

Shopify has added features at a phenomenal rate, hoping to do a lot of the "boring" and "complicated" parts of selling online for its customers — for a fee of course. That can include taking payments, marketing, analytics, shipping, inventory and more. The more features they add, the more they make up for the fact that each individual website doesn't have the built-in traffic that selling on Amazon comes with.

Investors recognise the potential of Shopify, and its latest share price gives it a market cap. of about $165bn, which is around 55x its revenue last year. That's a pretty punchy multiple even in this market.

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Starbucks issues apology after viral “Bearista” cup meltdown

Holiday cheer turned into chaos this week for Starbucks after the coffee giant’s new “Bearista” holiday cup sent fans into a frenzy. 

Dropped alongside its 2025 holiday menu, the $30 beanie-wearing glass bear tumbler sparked long lines, sellouts, and even in-store scuffles before Starbucks stepped in with an apology.

“The excitement for our merchandise exceeded even our biggest expectations,” the company said in a statement to People. “Despite shipping more Bearista cups to our coffeehouses than almost any other item this holiday season, the Bearista cup and some other items sold out fast.”

Within hours of launch, frustrated fans flooded Starbucks’ social media pages and even store hotlines. Some customers waited in line before dawn and others said their stores received only a handful of cups. In one Houston location, the craze even turned physical, with police reportedly called to break up a brawl. Meanwhile, the cup is already reselling on sites like eBay, with listings topping $600.

“We understand many customers were excited about the Bearista cup and apologize for the disappointment this may have caused,” Starbucks said. While in-store customers may be upset, investors seem happy about the viral hit, as the stock has risen over 3% on Friday.

If you’re still hoping for a Bearista at market price, that may not be on order: the chain didn’t disclose how many cups were made or whether a restock is planned.

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Target tells workers to smile, wave, and greet shoppers if they come within 10 feet of them

Target just rolled out a new rule for store employees: smile, make eye contact, and greet or wave when a shopper comes within 10 feet — and if they get closer, within four feet, ask whether they need help or how their day is going, according to a new Bloomberg report.

Dubbed the 10-4 program internally, the rule mirrors rival Walmarts own 10-foot policy, formalizing behavior Target had previously only encouraged.

business

Monster surges on energy drink buzz, while Celsius sinks on distribution concerns

Shares of Monster Beverage climbed 5% after the bell on Thursday, and held most of those gains into early trading on Friday, following strong Q3 results.

The energy drink giant topped market expectations, with quarterly sales up 17% year over year to $2.2 billion and adjusted net profits growing 41% to $524.5 million — 11% ahead of Wall Street’s estimates. In the report, Monster highlighted its zero-sugar line and new product launches, with a stack of novel flavors already released this year, as bright spots.

During a call with analysts, Chief Executive Hilton Schlosberg said that the global energy drink category “remains healthy with robust growth,” The Wall Street Journal reported, adding that demand for more affordable caffeinated drinks is rising as coffee has become “really expensive.”

Meanwhile, rival beverage business Celsius saw shares fall as much as 23% on its Q3 results yesterday — despite beating expectations, with revenue jumping 173% — largely due to concerns about a change in the company’s distribution channel, as its newly acquired Alani Nu brand joins the PepsiCo distribution network.

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