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.
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.
BigCommerce (NASDAQ: BIGC) has announced two significant transactions involving its convertible notes. Firstly, the company will exchange approximately $161.2 million of its existing 0.25% convertible senior notes due 2026 for $150 million of new 7.5% convertible senior notes due 2028. Secondly, BigCommerce will repurchase about $120.6 million of the existing notes for $108.7 million in cash. After these transactions, $63.1 million of the existing notes and $150 million of the new notes will remain outstanding. The new notes have an initial conversion price of $16.00 per share and will be redeemable by BigCommerce from October 7, 2026, under certain conditions.
Noibu, a leading error detection and resolution platform, has partnered with BigCommerce (Nasdaq: BIGC), an open SaaS ecommerce platform. This collaboration aims to enhance website performance and customer experiences for online retailers. BigCommerce customers can now integrate Noibu through the BigCommerce App Marketplace with a one-click installation.
The partnership offers several benefits:
- Simplified setup process for error monitoring
- Proactive error management and operational efficiency
- Revenue-based error prioritization
- Actionable insights for development teams
Notable customers already benefiting from this joint solution include DEMDACO, MEC, King Arthur Baking, Store Supply Warehouse, and SportsShoes. The collaboration between Noibu and BigCommerce engineering teams has identified that 99.6% of errors were isolated to individual storefronts, with only 0.4% being common across multiple stores.
BigCommerce Holdings, Inc. (Nasdaq: BIGC), a leading Open SaaS ecommerce platform, has announced its participation in upcoming investor conferences. Chief Financial Officer Daniel Lentz will present and meet with institutional investors at two events:
1. KeyBanc Capital Markets Technology Leadership Forum on August 5, 2024, at 10:00 a.m. Mountain Time.
2. Oppenheimer Technology, Internet & Communications Conference (virtual) on August 13, 2024, at 1:15 p.m. Eastern Time.
Live webcasts of both presentations will be available on the BigCommerce investor relations website, with replays accessible afterward. These conferences provide opportunities for BigCommerce to showcase its platform and engage with institutional investors.
BigCommerce (Nasdaq: BIGC) has achieved 24 out of 24 total medals in the 2024 Paradigm B2B Combines for Digital Commerce Solutions (Enterprise and Midmarket Editions) for the second consecutive year. The company advanced its rankings in eight categories across both editions, securing more Gold medals in the Midmarket Edition than other participating platforms.
BigCommerce's B2B Edition, featuring the new Open Source Buyer Portal, offers enhanced customization for B2B enterprises. The platform received accolades for its extensive partner ecosystem, rich application integrations, robust APIs, and ease-of-use. These achievements validate BigCommerce's ability to modernize B2B operations, supporting growth and scalability while meeting digital buyer needs.
BigCommerce (NASDAQ: BIGC), a leading SaaS ecommerce platform, will announce its Q2 2024 financial results on August 1, 2024. The company will host a conference call and webcast to discuss the results and business highlights at 8:00 a.m. ET that same day. The call can be accessed via phone or a live webcast on BigCommerce's investor relations website.
The replay of the call will be available until August 8, 2024, by dialing specific numbers and using conference ID 1402022, with a webcast replay accessible for 12 months on the investor relations site.
BigCommerce (Nasdaq: BIGC), an Open SaaS ecommerce platform, has been named a leader in IDC MarketScape's 2024 assessments for both Worldwide Enterprise Headless Digital Commerce Platforms and Headless Digital Commerce Applications for Midmarket Growth. The platform's API-first, headless MACH architecture was highlighted for its flexibility, ease-of-use, and extensibility. Key strengths include user-friendly interfaces, microservices-based design, and robust API coverage. Recognized by clients like Yeti Cycles and Black Diamond, BigCommerce has been acknowledged for empowering brands to create seamless shopping experiences and scale efficiently.
Revere Payments has been named a BigCommerce Preferred Technology Partner, granting BigCommerce customers access to Revere Payments’ comprehensive payment solutions. This partnership aims to streamline payment processes, enhance transaction security, and improve the overall customer experience for both enterprise clients and small businesses. Revere Payments offers an array of services including point-of-sale systems, mobile payments, online gateways, and customized processing software. CEO Wendy M. Kinney highlighted the collaboration's potential to drive growth and success. BigCommerce's Chief Commercial Officer, Russell Klein, emphasized the mutual goal of helping brands and retailers grow faster and sell more.