VTEX - VTEX STOCK NEWS

On January 25, 2022, Digibee announced its Partner Program aimed at enhancing integration ecosystems for enterprises, emphasizing a partnership with VTEX. This collaboration will utilize Digibee's Hybrid Integration Platform (HIP) to streamline integration projects, reduce costs, and enhance innovation for VTEX clients. The program aims to simplify integration strategies, solve complex challenges, and create agile architectures. VTEX, a leader in digital commerce, serves over 2,000 customers globally, leveraging Digibee's capabilities to improve data visibility and sales growth.

VTEX (NYSE: VTEX) has reported significant growth with the launch of its Live Shopping app, now utilized by over 100 brands, including Victoria's Secret and Xiaomi, across 10 countries. The app has increased average online session time by 5x and conversion rates by over 30% during live events. Additionally, VTEX secured new global partnerships with Whirlpool and Unilever. To enhance innovation, Fernanda Weiden has been appointed as the new Chief Technology Officer, focusing on the company's global expansion and product development.

Digital River has partnered with VTEX to offer an integrated solution for cross-border ecommerce, enhancing global expansion for brands. This collaboration combines Digital River’s Global Seller Services—covering payments, taxes, and logistics—with VTEX’s platform, streamlining operations for mid-market and enterprise clients. The partnership aims to simplify international selling while reducing compliance risks and enhancing cart conversions, enabling faster and more efficient ecommerce growth.

VTEX reported a significant increase in Gross Merchandise Value (GMV) during November 2021, reaching US$1.3 billion, a 17% rise over November 2020. This performance nearly tripled the GMV from November 2019, with a two-year compound annual growth rate (CAGR) of 63%. The number of orders increased by 25% year-over-year, reflecting a growing trend in online shopping. Notable growth was observed in beauty, health, grocery, and apparel sectors across 32 countries. VTEX is well-positioned to leverage trends in social selling and conversational commerce.

VTEX and Mapp have teamed up to launch a free interactive guide titled "Retail vs. DTC – An Informative Guide to Direct-to-Consumer Marketing". The guide targets manufacturers, retailers, eCommerce brands, and agencies, focusing on DTC business models to enhance brand awareness and customer retention. Notably, DTC eCommerce sales in the US are projected to grow by 35%, rising from $129.31 billion to $174.98 billion by 2023. The partnership aims to empower companies with data-driven marketing strategies for improved customer experience.

VTEX is preparing for Black Friday on November 26, 2021, implementing a comprehensive plan that began in August. This plan includes load testing, risk analysis, and incident protocols to ensure optimal performance for over 2,500 online stores. The company’s engineering teams aim to enhance response times while managing increased traffic. VTEX anticipates a significant rise in transactions, with some clients expecting up to a 300% order increase during this period. The company emphasizes the importance of proactive measures for merchants to improve customer experience during peak shopping times.

VTEX reported robust Q3 2021 results, with a 15.2% increase in total revenues, reaching US$31.9 million. Gross Merchandise Volume (GMV) stood at US$2.3 billion, reflecting a 7.2% increase year-over-year. Subscription revenue accounted for 93% of total revenue, increasing to US$29.6 million. However, the company faced a US$13.3 million loss from operations, attributed to increased investments in sales, marketing, and R&D. Despite challenges, VTEX expects revenue growth to accelerate in Q4 2021 and targets US$35.3 million to US$37.3 million for the quarter.

VTEX (NYSE: VTEX), a leader in digital commerce solutions, will announce its third fiscal quarter results for the period ended September 30, 2021, on November 17, 2021, at 8:00 am ET. The results will be shared via a conference call accessible by dialing +1-844-200-6205 (Conference ID: 614545) and through an audio webcast on the company's investor relations webpage. VTEX, headquartered in Brazil, has a robust platform for enterprise clients, serving over 2,000 customers across 32 countries.

VTEX (NYSE: VTEX) has announced a new phase in its partnership with Stripe, enhancing payment capabilities for its global customers. The integration allows VTEX users to process payments through a plug-and-play solution, enabling them to accept various payment methods, including Google Pay, Apple Pay, and local options like OXXO in Mexico. This collaboration supports payments in over 135 currencies across multiple countries including the US, Brazil, and the UK. The partnership aims to boost conversion rates and improve checkout experiences for brands and retailers.