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Shopify seeing 'little evidence' of tariffs sparking slowdown for merchants
- Shopify Inc., an Ottawa-based e-commerce technology firm, reported a US$682 million net loss for the first quarter ended March 31, 2025, despite 27% revenue growth to US$2.36 billion.
- The global trade war tensions, driven by U.S. President Donald Trump's unpredictable tariff threats and adjustments, have caused many businesses to alter their operations and sourcing strategies.
- Shopify executives said they have seen little evidence of tariff-related slowdowns in April, as merchants consider timing for inventory, sourcing countries, and product mix changes.
- Chief Financial Officer Jeff Hoffmeister noted that widespread price hikes have not materialized so far, while President Harley Finkelstein emphasized targeted initiatives to enhance cross-border trade and shipping, remarking that these efforts are only just starting.
- Shopify plans to introduce duty inclusive pricing later in May 2025 to help customers avoid surprise fees at checkout, suggesting ongoing adjustments to support merchants amid trade tensions.
11 Articles
11 Articles
castanet.net
Shopify seeing 'little evidence' of tariffs sparking slowdown for merchants
Shopify Inc.'s executives say even though businesses are shaking up their operations to cope with a global trade war, their company has yet to notice the unrest putting a damper on commerce. The Ottawa-based technology firm has been monitoring for potential slowdowns stemming from tariffs but number...
Shopify's leaders claim that they have not seen the trade disruptions, even though many companies are restructuring their operations to cope with the world trade war.
Shopify Seeing ‘Little Evidence’ of Tariffs Sparking Slowdown for Merchants
Shopify Inc.’s executives say even though businesses are shaking up their operations to cope with a global trade war, their company has yet to notice the unrest putting a damper on commerce. The Ottawa-based technology firm has been monitoring for potential slowdowns stemming from tariffs but numbers for April “show little evidence of that,” president Harley Finkelstein said Thursday. Despite the comfort in the numbers, businesses using the e-co…
How Shopify went from Canada's tech darling to anti-DEI
When Ottawa snowboarder Tobias Lütke decided to sell boards and gear online, he couldn’t find a decent software platform for small retailers – so he built his own. Twenty years later his business, now called Shopify, is Canada’s second-biggest public company, empowering online sales of more than US$300 billion a year. As CEO, Lütke positions Shopify as a positive force in society, enabling individuals and small businesses to trade globally. But…
Shopify focuses on AI, data, agility in uncertain economy
By Larry DignanCan data, AI and agility enable merchants to navigate economic volatility and scattershot tariff policies? Shopify is betting on it. Speaking on Shopify's first quarter earnings call, President Harley Finkelstein outlined a bevy of data and AI tools to help merchants--including a bevy of small businesses--to navigate tariffs. For Finkelstein, economic uncertainty only highlights Shopify's data platform and AI-driven agility. "We'r…
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