News Formal

Shopify insiders brace for strategy shift in logistics business

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Shopify insiders and analysts are bracing for a strategy shift in the company's logistics business

Shopify executives have pitched its foray into the world of logistics as an essential next step to

They said that"they were very, very focused on spend, and that there were definitely levers that they are considering pulling to maybe get more cash flow positive," Wong said."The fulfillment investment is sort of the biggest anchor that's keeping the business from being more profitable." CFO Jeff Hoffmeister said Shopify's 2022 acquisition of Deliverr — a $2.1 billion deal and the firm's most expensive acquisition to date — had helped the team to learn the fulfillment business.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Shopify changes earnings call time as employees brace for layoffsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »