Canada’s Shopify cuts 10% of workforce as online shopping slows

July 26 (Reuters) – Canada’s Shopify Inc (SHOP.TO) is laying off 10% of its workforce as the ecommerce company struggles with slowing growth due to a pullback in online shopping after benefiting from a pandemic-fueled surge in demand.

Its shares tumbled 14.7% on the US bourses and on the Toronto Exchange, they shed 14% on Tuesday, pulling Canada’s wider main stock index lower. The shares have lost 75% of their value so far in the year.

Shopify’s turn of fortunes from the most valuable company in Canada last year to its present-day struggle to increase sales come as easing lockdowns have led consumers to return to brick-and-mortar stores.

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Shopify down over 75% YTD

Its sales growth during the pandemic led the Ottawa-based company to ramp up hiring and invest in technology, betting that the shift to online from physical retail shops

The Better Business Bureau encourages safe online shopping to avoid tech scams

OMAHA, Neb. (WOWT) – The Better Business Bureau is warning of scams when buying online, especially when it comes to back-to-school shopping.

Technology like laptops and tablets has become a staple in education. But buying new technology in stores and online has become more of a challenge.

According to the BBB, shortages of some technology like computer chips could limit options available to consumers. When consumers can’t find these products from trustworthy retailers, they become more likely to encounter a scam.

Market research firm Deloitte says some of the driving factors in purchase decisions are price and quality. The BBB says scammers could target a desperate shopper with fake deals or exciting advertisements.

It’s recommended to follow a few tips from the BBB to avoid becoming a victim:

  • Shop with familiar retailers. Laptops, tablets or other tech accessories can be a major investment. Shop with businesses you know and trust,

Shopping For Cross (2)

These are made for you. They have all of the means to allow you to buy discretely for womens clothes and try them on without worrying about getting unusual looks. You ought to be able to pay a better price for that further function though and there won’t be one near where you live regardless that they’re growing in number.

Really, I’ve seen so many males in women’s departments trying at the clothes with a sparkle in their eyes. I by no means seen until I grew to become aware of it and now I see it in every single place. It’s incredibly cute. I went into Lane Bryant with my boyfriend and they have been high-quality with buying things for a man to put on. They were completely satisfied to make the sale. It probably helped that an actual woman was with him in a supportive method too. I …