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This week’s Ask the Expert features Gregg Taylor, chairman and managing partner of GTE.

With a proven track record in sales and operations, Amanda Stichter is set to lead the digital marketing firm toward continued growth, focusing on innovative strategies in SEO, website design, and lead generation.

In the newly created position, King is responsible for overseeing and leading the brand’s sales efforts.

Spee-Dee Packaging Machinery announced Mark Navin has been promoted to Vice President of Sales. Navin has been with the company for 25 years.

Teaming up with the right packaging industry partners can play a critical role in helping companies create eye-catching, intelligently designed packages.

Camilo Sanchez will head the newly formed Flexible Packaging Group, which offers a single point of contact for both Bartelt and Matrix packaging technologies.

China-based Construction Machinery and Equipment (CME) with the data from earlier this week. In October China's excavator sales are estimated to have reached 16,791 units:

• that's +15.1% y/y

More notably, excavator sales in the Chinese domestic market are estimated at 8,266 units

• +21.6% y/y
• Excavator sales to the export market +9.46% y/y

For the January-October 2024 period this year, China's excavator sales are estimated to have increased by 0.47 percent year on year

• domestic market +9.8% y/y
• export market -7.41% y/y

Is this a sign of green shoots for the economy in China?

There has been plenty of stimulus announcements, that the market has been disappointed with. But, are thye having an impact?

STOCKHOLM — Global sales of fully electric and plug-in hybrid vehicles rose 35% in October from the same month last year, led by a 54% jump in sales in China, market research firm Rho Motion said on Wednesday.

Universal announces dates for Halloween Horror Nights 2023 edition. Single tickets are on sale for event, which starts Sept. 1.

Walt Disney World will again start selling annual passes to its theme parks on April 20.

Walt Disney World will start selling three levels of its annual passes to it theme parks again as of April 20.

Walt Disney World begins selling annual passes to new customers Thursday after months of being on "pause."

Guidelines for day sales outstanding (DSO) management

Shares of Shopify (NYSE: SHOP) are skyrocketing in early-morning trading after the company announced its Q3 2024 results, which beat expectations. As of the time of this writing, SHOP stock is up an impressive 23% to above $110 per share. 

However, Shopify’s stock isn’t on fire only because of its good Q3. There are some other reasons why Shopify is exciting investors this morning. Here’s what to know:

Shopify’s ‘outstanding’ results

Shopify would probably disagree with the statement that the company had a good Q3. As the company’s president, Harley Finkelstein, said in a press release, the results were “outstanding.”

Why was the quarter so outstanding? A big part of it was the company’s Q3 revenue, which came in at $2.16 billion. That represents a whopping 26% year-over-year growth rate from Q3 2023.

As Reuters notes, it even surpassed many analysts’ lofty expectations of $2.11 billion in revenue, leading to the ninth time in a row that the company has beat analyst expectations on sales.

Not only did Shopify beat analyst expectations again, but its 26% revenue growth for this quarter marked “our sixth consecutive quarter of greater than 25% revenue growth excluding logistics,” Shopify CFO Jeff Hoffmeister said.

In a slide deck, Shopify also announced that as of Q3 2024, the company had facilitated $1 trillion in global sales since the platform’s inception and that it now has a 10% share of the U.S. e-commerce market.

Okay, but why did Shopify have such a good Q3?

As also noted by Reuters, Shopify attracted more merchants to its online e-commerce platform this quarter. One of the attractions for the merchants seems to be a new artificial intelligence tool Shopify started rolling out in June called Sidekick.

Sidekick is an artificial intelligence assistant currently in early access for some merchants. Shopify says the AI bot “will act as your very own advisor, guiding you with tailored, skilled advice to make your business stronger.”

It does this by shouldering some of the mundane but necessary tasks that any businessperson needs to do to manage their business. Sidekick can help easily keep track of a merchant’s inventory, generate myriad reports that reveal new insights about your business, and even suggest ways to attract more customers to a storefront.

Sidekick is in addition to another AI tool Shopify offers, this one called Shopify Magic, which helps merchants create product images for their wares, write product descriptions, and even help them generate FAQs for their stores.

These AI tools are making it easier than ever for customers to manage their storefronts, and their availability is clearly a draw for some merchants.

The future looks promising, too

But Shopify’s stock isn’t only surging because the company had a terrific Q3. If anything, investors seem most excited about what the company has predicted will happen next.

Shopify’s current quarter, Q4, is arguably the most important of the year for the company and its merchants. This is the all-important holiday shopping quarter—and Shopify has anounced it has strong hopes for the period.

The key metric that Shopify has forecast is its revenue expectations for Q4, which the company says it expects will “grow at a mid-to-high-twenties percentage rate on a year-over-year basis.”

That’s music to investors’ ears, as it means Shopify expects it may do even better in Q4 than its just-completed outstanding Q3. That revenue growth estimate is also more than the 22.7% revenue growth many analysts were expecting, noted Reuters.

A resurgent stock

Shopify’s stock started 2024 with prices hovering in the high seventies before dropping to the low sixties over the summer. But since the beginning of the fall, SHOP shares have been on an upswing. Today’s 23% surge means SHOP shares are actually up over 38% year-to-date.

However, despite the resurgent stock, SHOP shares are nowhere near their all-time high of above $152 per share. Those highs were achieved in mid- to late-2021 when e-commerce was enjoying a pandemic boom as more people preferred online shopping over brick-and-mortar stores.

In the third quarter of 2024, Apple’s iPhone 15 soared to the top of global smartphone sales, cementing its position as a premium choice for consumers. According to Counterpoint Research, Apple’s iPhone 15 lineup led the global market, with the base iPhone 15 model capturing a 3.5% share. This success highlights Apple’s effective strategy of […]

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See how CRS, Inc. helped roofing contractors during difficult times with RC's exclusive coverage of the inaugural Carlisle Experience Award.

SolarReady leverages EagleView's property data and analytics expertise to deliver a prospecting and business development solution for solar contractors.

Kevin Kennedy of Beacon Exit Planning provides an overview of considerations for roofing company owners contemplating their exit options.

John DeRosa, director of contractor training at SRS Distribution, shows the value in optimizing sales leads versus determining if a lead is “qualified” or “unqualified.”

Salesforce's acquisition of Tenyx will extend voice capabilites to Salesforce's chatbots.

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El deportista ha recibido muchas críticas en X Leer

Gracias a una campaña de micromecenazgo, la familia recaudó en pocos días los 300.000 euros que se habían marcado para afrontar los gastos hospitalarios y el traslado a España ya que el Gobierno no ha querido hacerse cargo de su traslado Leer

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130.000 valencianos se lanzaron a la calle para exigir responsabilidades al presidente de la Generalitat por la gestión de la DANA. Escasas referencias a Pedro Sánchez Leer

Disney Advertising wants more brands to know, "You've got a friend in me." The company recently told ADWEEK it realigned the organizational structure of its ad sales to better reach midmarket advertisers, with the goal of offering more localized, consultative services and supporting growth areas around data, automation, and outcomes. For Disney, midmarket advertisers are...

NTT DATA, a global digital business and IT services leader, and Aurora Labs, an automotive artificial intelligence (AI) company, have announced their global strategic cooperation in the Automotive Industry, with first joint projects in production and logistics.

CJ Lang & Son Ltd, the wholesaler for SPAR in Scotland, and the major Scottish convenience store franchise with over 300 stores across the country, has selected RELEX, provider of unified supply chain and retail planning solutions, to automate and optimise its supply chain processes.

By Stephen Dombroski, Director, Consumer Markets, QAD.

In today's dynamic business landscape, companies are continually striving to strike a balance between long-term strategic planning and short-term operational execution.

A manufacturer of spice products is forecast to double productivity and sales to £2m and create new jobs after investing in data and systems technologies, with the support of Made Smarter.

The Biden administration has approved a new $500 million arms sale to Taiwan as it ramps up military assistance to the island despite fervent objections from China. The State Department said Wednesday it had signed off on the sale of infrared search tracking systems along with related equipment for advanced F-16 fighter jets. Although the deal is modest in comparison to previous weapons sales, the move is likely to draw fierce criticism from Beijing, which regards self-governing Taiwan as a renegade province and refuses to rule out the use of force to reunify it with the mainland. The announcement came just hours after Taiwan’s President Tsai Ing-wen renewed a pledge to strengthen Taiwan’s self-defense as she visited a war memorial from the last time Taiwan and China battled.

The post US approves new $500M arms sale to Taiwan as tension from China intensifies first appeared on Federal News Network.

Hear from federal sales executives who are thought leaders in our space. They will share their insights on 3 important areas for successful federal sales and marketing organizations.

The post Episode 24: Insights from expert Federal Sales Leaders: Standing up your federal sales organization and effectively driving revenue at end of fiscal year first appeared on Federal News Network.

In our new Federal News Network Insider’s Guide, we share details for federal users about what the Salesforce AppExchange is, how it works and why it provides value to agencies by extending their investment in Salesforce.

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It's the last day of the 11.11 sales. See these new picks we've added at 50% off and more.

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