Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce (Nasdaq: BIGC) has announced significant leadership changes. Travis Hess has been appointed as the new CEO, replacing Brent Bellm. Hess, who joined BigCommerce as President in May 2024, brings extensive experience from roles at Accenture and other leading commerce agencies. Ellen Siminoff, a current board member, will assume the role of Executive Chair of the Board.

Hess's background includes leadership in direct-to-consumer commerce and partnerships with major platforms like Shopify. He has been recognized as one of the 30 Most Influential in Ecommerce. In his new role, Hess will be responsible for BigCommerce's global operations and overall growth.

The company has reaffirmed its financial guidance for the third quarter of fiscal 2024 as previously provided on August 1, 2024.

BigCommerce (Nasdaq: BIGC) has partnered with Ubique Digital to launch BigTravel, a unified solution for the travel industry. This collaboration aims to simplify operations and enhance customer experiences in a sector expected to contribute $11.1 trillion to global GDP in 2024. BigTravel offers:

1. A unified interface for managing bookings across channels
2. Automation of routine tasks
3. Simplified creation of custom travel packages
4. Seamless, mobile-optimized booking process
5. Personalized offerings and targeted promotions
6. Real-time adaptability for instant strategy adjustments
7. Fast implementation and lower migration risk
8. Pre-integrated social and advertising channels

The solution leverages BigCommerce's open, composable platform to empower travel agents and improve the traveler experience.

BigCommerce (Nasdaq: BIGC) announced that two of its customers, Joval Wines and Wovenbyrd™, have won global B2B Ecommerce Industry Awards from the B2B Ecommerce Association and Digital Commerce 360. Wovenbyrd, a US-based furniture company, won in the B2B Retailer of the Year category for its effective omnichannel operations and advanced customer engagement tools. Joval Wines, an Australian fine wine distributor, was honored in the Mid-Market B2B Ecommerce Distributor of the Year category for its sophisticated capabilities, including real-time customer-specific pricing and multi-location inventory management.

The awards program recognizes outstanding achievements in B2B ecommerce, celebrating innovation and success in the industry. BigCommerce's B2B Edition and partnership with elite agency Aligent were highlighted as key factors in the winners' success. Other BigCommerce customers, including AS Colour, Inhaven, and TradeTools, were also recognized as finalists in their respective categories.

BigCommerce (BIGC) has announced a range of platform updates and partner integrations as part of its 'Next Big Thing' product launch. Key enhancements include:

1. Catalyst + Makeswift: A visual editor for composable storefronts, enabling real-time collaboration and customization.

2. B2B improvements: Enhanced buyer role-based access control, advanced account hierarchy, and AI-integrated quote workflow.

3. Omnichannel selling: Feedonomics' Instant Commerce offering for BOPIS and local deliveries, plus integrations with Shein, Amazon, and TikTok.

4. Global sales tools: Localized checkout customization and support for Japanese language.

5. BigAI: AI-powered product recommendations, copywriting, and predictive analytics.

6. Checkout improvements: Fastlane by PayPal for accelerated guest checkout, and enhanced promotion targeting.

BigCommerce (Nasdaq: BIGC) has announced the winners of its 2024 Customer Awards, recognizing exceptional customers in four categories: Design, Innovation, Emerging Brand, and Shopper Experience. The winners are:

• Design: Oettinger Davidoff AG
• Innovation: Human-I-T
• Emerging Brand: The Linz Shop
• Shopper Experience: GlassCraft Door Company

Winners were selected by a panel of industry experts and will receive a $5,000 USD cash prize, branding on the NASDAQ Tower in Times Square valued at $15,000, and dedicated spotlights on BigCommerce's social channels. The awards celebrate innovative and inspiring customers using the BigCommerce platform to achieve success in ecommerce.

BigCommerce (Nasdaq: BIGC), a leading open SaaS ecommerce platform, has announced a sell-side analyst Q&A session during its upcoming BigSummit conference. The session is scheduled for August 27, 2024, at 1:00 p.m. CDT in Austin, Texas.

Key company leaders, including CEO Brent Bellm, President Travis Hess, CFO Daniel Lentz, and CTO Brian Dhatt, will participate in the session. They will provide updates on strategic initiatives, technological advancements, and financial performance.

The Q&A session will be livestreamed on the BigCommerce investor relations website, with a replay available for one week after the event. This presents an opportunity for investors and analysts to gain insights into the company's direction and performance.

SportsShoes, the UK's largest independent sporting goods retailer, has launched a new composable commerce website on the BigCommerce platform. This £2.5 million website overhaul has yielded impressive results, with a 19% year-over-year increase in conversion rate and a 10% increase in average order value. The new site utilizes a headless approach with Next.js and Vercel, offering improved flexibility and scalability.

Key features include BigCommerce's Multi-Storefront functionality for individual headless storefronts in multiple countries, and Prismic.io CMS for efficient content management. The project has transformed SportsShoes' ability to execute, with over 80% of the site driven by dynamic content. A notable addition is the Running Shoe Finder feature, designed to enhance the customer experience for amateur runners, a significant focus for future development.

Soletrader, a leading UK premium footwear retailer, has launched a new headless and composable website on the BigCommerce platform (Nasdaq: BIGC). The replatforming aims to position Soletrader at the cutting edge of technology, leveraging BigCommerce's open, flexible platform to create an innovative composable commerce storefront. The new site integrates technologies from Storyblok, Algolia, Klaviyo, and Vercel, developed in partnership with Cygnet Digital.

Key improvements include a stunning new UI/UX, faster page load speeds, optimized checkout, and seamless Click & Collect functionality. The project also enables multi-language and multi-storefront channels, allowing Soletrader to manage multiple ecommerce functionalities through a single store backend. This move reinforces Soletrader's commitment to innovation and enhancing customer experience in the competitive footwear retail market.

BigCommerce (Nasdaq: BIGC) reported its Q2 2024 financial results, showing total revenue of $81.8 million, up 8% year-over-year. The company's total ARR reached $345.8 million, a 4% increase, while Enterprise ARR grew 7% to $253.8 million. Notable achievements include:

- Subscription revenue up 10% to $61.8 million
- GAAP gross margin improved to 76%
- Non-GAAP operating income of $1.9 million
- Adjusted EBITDA of $3.0 million

BigCommerce launched several high-profile brands and received industry recognition. The company provided Q3 2024 guidance with revenue expected between $82.0-$84.0 million and full-year 2024 revenue projected at $330.2-$335.2 million.