Commerce.com, Inc., formerly BigCommerce Holdings, Inc., provides an open commerce technology ecosystem built around BigCommerce, Feedonomics and Makeswift. Company news commonly covers ecommerce platform capabilities for direct-to-consumer and B2B merchants, product data and feed management, headless and composable storefront deployments, payments and ERP integrations, and customer implementations across retail, manufacturing, distribution and public-sector commerce.
Updates also include quarterly results announcements, investor conference participation, partner integrations and corporate identity developments following the company’s name change from BigCommerce Holdings, Inc. to Commerce.com, Inc.
BigCommerce (Nasdaq: BIGC) has launched a new feature called Multi-Storefront, enabling enterprise merchants to easily manage multiple storefronts within a single account. This innovation aims to drive growth while reducing operational costs by streamlining the management of distinct online experiences across different regions and customer segments. The feature enhances efficiency, supports localized storefronts, and provides valuable analytics, allowing businesses to make data-driven decisions. It is now available for new merchants on the BigCommerce platform.
dLocal has partnered with BigCommerce to enhance their payment capabilities in Latin America. This collaboration will enable BigCommerce merchants to accept local payments such as Boleto Bancário and Pix in Brazil and Oxxo in Mexico. This strategic move aims to support BigCommerce's expansion in the region, providing critical local payment options for both regional and existing EU and U.S. merchants. The partnership aligns with BigCommerce’s recent announcement of expanding its operations in Mexico, with an official inauguration set for March 24, 2022.
BigCommerce has partnered with Bolt to introduce Bolt One-Click Checkout for its merchants, allowing them to offer seamless one-click transactions. This new feature aims to enhance shopping experiences, significantly reduce cart abandonment, and potentially increase conversion rates by up to 53%. Merchants can set up this feature easily within minutes, providing secure transactions without requiring log-in details. With access to millions of checkout-ready shoppers, the integration promises improved customer loyalty and efficiency in online sales.
BigCommerce (NASDAQ: BIGC) has launched a modern ecommerce experience for Ted Baker, enhancing its digital strategy through a multi-storefront headless platform. This integration with Bloomreach and Wunderman Thompson Commerce aims to improve customer experiences while managing 12 regional storefronts from a single site. Features include localization and flexible payment options, catering to a diverse customer base and streamlining operational processes. This partnership indicates BigCommerce's commitment to supporting brands in digital transformation, aligning with the growth of the UK's ecommerce market projected to reach $199 billion in 2022.
BigCommerce (NASDAQ: BIGC) has announced the winners of its 2021 Partner Awards, recognizing top-performing agency and technology partners globally for their significant contributions during market fluctuations. Winners are honored in categories such as Agency Partner of the Year, New Partner of the Year, and more, highlighting their commitment to helping merchants thrive. This year's awards featured 17 categories across the Americas, APAC, and EMEA regions. BigCommerce aims to leverage its partner ecosystem for innovation and growth in the ecommerce sector.
BigCommerce Holdings, Inc. (Nasdaq: BIGC) reported robust financial results for Q4 2021, achieving $64.9 million in revenue, a 50% year-over-year increase. The total annual recurring revenue (ARR) reached $268.7 million, up 48% year-over-year. Subscription revenue hit $46.9 million, reflecting a 58% increase. Despite these gains, the company noted a GAAP operating loss of ($33.8) million. For Q1 and full year 2022, guidance estimates total revenue between $271.6 million and $283.6 million, indicating a 24% to 29% growth rate.
BigCommerce (Nasdaq: BIGC) has partnered with Digital River to launch a comprehensive Merchant of Record solution aimed at simplifying cross-border selling for mid-market to enterprise merchants. This integration offers a unified solution managing payments, taxes, and compliance, enabling merchants to enter new markets faster and reduce operational costs by up to 30%. The solution enhances localized checkout experiences, minimizes financial complexities, and mitigates legal risks in over 240 markets. This development aligns with the growing demand for international ecommerce capabilities.
Extend has been named a BigCommerce Elite Technology Partner, providing 60,000 merchants with customized protection plans and extended warranties. This integration aims to enhance the post-purchase experience for BigCommerce users, leveraging AI technology for optimized claims resolution. Merchants using Extend's services reported a 9.3% higher repeat purchase rate for customers with protection plans. Extend's innovative approach is expected to increase merchant revenue and customer satisfaction, reinforcing its position in the extended warranty industry.
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BigCommerce (NASDAQ: BIGC) has announced its acquisition of B2B Ninja, enhancing its position in the B2B ecommerce sector. This strategic move aims to improve the ecommerce capabilities of B2B merchants by integrating B2B Ninja's advanced quoting solutions. B2B ecommerce in the U.S. is projected to reach $1.8 trillion by 2023, making this acquisition timely. The integration will allow BigCommerce to provide more streamlined and effective ecommerce solutions, complementing its newly launched B2B Edition.