A new report by Scotiabank found that 7 out of 10 small businesses asked said they were confident having survived Covid-19’s second wave and lockdown measures A further 4 in 10 said that they were ‘very’ or ‘extremely’ confident for the future. The report saw that many businesses feel far better equipped then prior to…
The company, which specialises in providing samples of products to customers, had to close due to the pandemic, but has flourished online, with second quarter sales up 35% in April from the previous 3 months CEO and founder Marie Chevrier Schwartz said that when looking at the pandemic “We went pretty quickly from ‘Uh-oh’…
L’Oréal SA saw a 52% rise in online sales in 2019, the company has announced, from $3.39 billion to $5.14 billion. In a statement, the company said “Ecommerce is a unique opportunity to make more women and men discover our brand and our products” Ecommerce helped make up 16% of the companies sales last…
The Ottawa based company recorded a profit of US$36 million for the second quarter of this year. Reported in US dollars, Shopify recorded their adjusted earnings at $129.4 million, up $10.7 million from this time last year. Financial market data firm Refinitiv had expected the company to be reporting a net loss this year,…
Snap Inc has announced that the rise in users, thanks to Covid-19 and lockdown measures, has petered out sooner then expected, with their new estimate lower then originally. Stock prices fell 11% at the news before eventually paring losses to 6% The amount of daily active users, something often closely watched by investors and…
ShopHERE, launched in May of this year, will recieved C$1 million in funding from Google Canada as it expands across Canada. Originally set up as a City of Toronto initiative, the scheme is designed to help local independent businesses and artists setup online storefronts so that they can continue to operate despite lockdown measures.…
Google has announced that it is making nearby products easier to discover with new shopping UI features, such as a ‘nearby’ filter, and greater visibility of curbside and in-store pickup labels This comes after the company said that it had seen searches for “curbside pickup’ rise “tenfold” in the last few months Adobe’s Digital…
Google has begun to notify advertisers that they will stop showing search queries that triggered their adverts where there is not “significant” data The search engine giant has not said what defines “significant” for them and has left many advertisers both confused and angry with the little communication around this announcement Digital agency Seer…
Amazon has announced it is to open two new fulfilment centres in Ontario as it seeks to keep up with the demand of ecommerce growth. The centres, located in Ajax and Hamilton, will employ 2,500 people and adds to Amazon’s expansion, which alresdy includes delivery stations in Scarborough, Stoney Creek and Etobicoke. Fueled by…
According to new statistics, more then 33 million Canadians are now online, making the country one of the most online connected nations in the world Equating to 92% of the total population, the number has risen steadily over the last few years, with roughly half a million Canadians connecting to the internet for the…