Welcome to our dedicated page for Bigcommerce Holdings news (Ticker: BIGC), a resource for investors and traders seeking the latest updates and insights on Bigcommerce Holdings stock.
BigCommerce Holdings, Inc. (NASDAQ: BIGC) is a leading open SaaS platform powering customizable ecommerce solutions for global brands. This page aggregates official announcements, financial updates, and strategic developments for investors and industry professionals.
Access curated press releases covering earnings reports, product innovations, and partnership agreements. Track the company’s progress in composable commerce technology and multi-channel retail integrations. All content is sourced directly from verified corporate communications.
Discover updates on enterprise-grade platform enhancements, B2B/B2C feature rollouts, and global expansion initiatives. Whether monitoring market positioning or evaluating technical capabilities, this resource provides essential insights into BigCommerce’s evolving ecosystem.
Bookmark this page for streamlined access to BIGC’s latest news. Combine real-time updates with in-depth analysis to stay ahead in the dynamic ecommerce sector.
ESW has been named a BigCommerce Preferred Technology Partner, providing access to its direct-to-consumer ecommerce solutions for BigCommerce merchants. This partnership enables BigCommerce clients to integrate ESW’s services easily via the BigCommerce App Marketplace, targeting over 200 global markets. ESW aims to support brands in expanding their customer base and enhancing revenue with localized ecommerce solutions. The collaboration is expected to improve merchants' customer experiences while maintaining control over their data and online presence.
BigCommerce announces the launch of its Omnichannel Certified Partner (OCP) Program, aimed at helping ecommerce merchants enhance revenue through strategic partnerships. The program, which has attracted over 100 partners, includes the Omnichannel Certified Agency and Technology Partner Programs. Key benefits for partners include access to exclusive programs, consultations, and tools for optimizing product listings. Successful implementations have led to notable revenue growth for participants like Badgley Mischka. The initiative positions BigCommerce as a leader in omnichannel solutions.
BigCommerce has launched a self-service integration for U.S. merchants to utilize Buy with Prime, becoming the first ecommerce provider to do so. This app, developed in collaboration with Amazon, is expected to increase conversion rates by an average of 25%. It allows merchants to offer Prime shopping benefits, fast, free shipping, and an easy checkout experience without coding. The app aims to drive higher customer lifetime value and strengthen merchant relationships with shoppers. The launch is planned for Q1 2023.
BigCommerce has partnered with Microsoft Advertising to launch Microsoft Ads and Listings in the BigCommerce Marketplace. This new integration allows BigCommerce merchants in the US, UK, and ANZ to advertise their products to millions of potential customers across the Microsoft Advertising Network, including Microsoft Bing and Edge. Eligible merchants spending at least $250 on ads will receive $500 in free advertising credits. The platform offers tools for managing ad campaigns and optimizing performance in real-time.
BigCommerce Holdings plans to restructure its operations to accelerate its path to profitability, aiming for adjusted EBITDA breakeven in Q4 2023, ahead of the previous timeline of mid-2024. The company will reduce its workforce by approximately 13% and cut non-enterprise sales and marketing expenditures. The total estimated cost for the workforce reduction is around $4.2 million to $4.6 million. Additionally, BigCommerce is reevaluating its facility needs, estimating potential impairments between $2.0 million and $3.2 million.
BigCommerce (NASDAQ: BIGC) has announced its partnership with Sage to integrate its ecommerce platform with Sage 100 ERP software, becoming one of the first enterprise-focused platforms on Sage’s North American Marketplace. This integration allows businesses to modernize their online storefronts, improving operational efficiency and providing real-time updates for orders and customer data. The partnership aims to deliver significant benefits to Sage 100 customers, enabling better customer experiences and streamlined ecommerce operations.
BigCommerce (NASDAQ: BIGC) announces the launch of StagingPro, a tech integration for enterprise merchants, enhancing the staging and deployment process. StagingPro enables teams to rapidly develop and deploy multiple store builds from a single dashboard, minimizing risks. Key features include:
- Accelerated Production-to-Market Cycles for efficient project management.
- Secure Replicas for risk-free testing and deployment.
- Seamless Integration with tools like GitHub and Atlassian Jira.
StagingPro is currently available in the US, UK, and ANZ.
BigCommerce (NASDAQ: BIGC) reported a significant 32% increase in gross merchandise value (GMV) during Cyber Week 2022 compared to 2021. The successful five-day period also saw total orders rise by 25%. Black Friday and Cyber Monday were the peak sales days, with GMV up 31% and 32% respectively. Mobile sales decreased slightly to 38% of total orders, while alternative payment methods like buy now, pay later saw a notable increase of 25%. BigCommerce achieved 100% uptime during Cyber Week for the ninth consecutive year.
BigCommerce reported strong sales performance during the Thanksgiving and Black Friday shopping days. On Black Friday, the gross merchandise value (GMV) for BigCommerce merchants increased by 31%, with a 25% rise in total orders and a 4.5% boost in average order value (AOV) compared to 2021. Similarly, Thanksgiving sales rose by 23% in GMV and 22% in total orders. This growth outpaced overall retail sales growth, which was only up 1.4% on Black Friday and 2.9% on Thanksgiving. BigCommerce merchants are significantly benefiting from the current retail landscape.
BigCommerce, a prominent Open SaaS ecommerce platform (Nasdaq: BIGC), announced that Daniel Lentz, SVP of Finance and Investor Relations, will present at the Raymond James Technology Investors Conference on December 6, 2022, at 1:40 p.m. ET. The live presentation will be available on BigCommerce's investor relations website, with a replay accessible afterward. BigCommerce empowers B2C and B2B brands globally, offering a user-friendly platform for businesses of all sizes to create engaging online stores.
