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VTEX (NYSE: VTEX) is a leading global provider of e-commerce and omnichannel solutions, leveraging its software-as-a-service (SaaS) platform to empower enterprise brands and retailers. Founded in 2000, VTEX offers a comprehensive suite of tools that enable customers to execute their commerce strategies effectively. This includes building online stores, integrating and managing orders across various channels, and creating marketplaces to support third-party vendor sales.
Recognized globally by analysts from Gartner and Forrester, VTEX is considered a vanguard in digital commerce technology. The company prides itself on its single-code, multi-tenant, scalable, and extensible platform, which facilitates high innovation capacity and quick time-to-market for CIOs and business users alike.
VTEX serves over 2,600 customers across 43 countries, including notable brands like Whirlpool, Electrolux, C&A, Disney, Sony, and Lego. These clients rely on VTEX to streamline their online sales and enhance customer experiences. VTEX's recent efforts have focused on global expansion and technological innovation, as evidenced by their semi-annual product showcase, 'VTEX Vision'. This event highlights new features and updates designed to help businesses navigate economic challenges and improve their digital commerce capabilities.
The company’s platform generates the majority of its revenue from Brazil, followed by other regions in Latin America and around the world. VTEX continues to innovate with new products like the VTEX Ad Network, which offers AI-driven ad optimization, and integrations with popular messaging platforms like WhatsApp for personalized sales conversion.
Additionally, VTEX recently announced a partnership with Pinterest to enhance its social commerce capabilities, allowing brands to connect with a wider audience and integrate their product catalogs seamlessly. VTEX's commitment to security is evident in features like VTEX Shield, which provides advanced threat detection and proactive monitoring to safeguard online stores.
Overall, VTEX's emphasis on practical composability, customer-centric innovations, and robust security measures make it a valuable partner for enterprises looking to modernize their e-commerce operations and achieve sustainable growth.
VTEX highlights the transition of major enterprises from legacy monolithic platforms to its unified commerce solution. The press release showcases successful implementations by Colgate-Palmolive, expanding B2B operations to Switzerland; Decathlon, enhancing omnichannel strategy in Brazil with VTEX's Sales App; and Hearst, integrating with Sephora across major publications.
The company emphasizes how API-driven architecture offers superior flexibility and scalability compared to traditional monolithic platforms. VTEX reports that migrations from legacy platforms have increased more than five times in 2022-2024 compared to 2019-2021. The platform has been recognized as a Challenger in the 2024 Gartner® Magic Quadrant™ for Digital Commerce, with a 98% customer recommendation rate.
VTEX (NYSE: VTEX) has achieved the Amazon Web Services (AWS) Consumer Goods Competency, validating its expertise in delivering solutions for consumer goods brands. This certification recognizes VTEX's technical proficiency and proven customer success in helping enterprises overcome operational challenges.
According to a Forrester-commissioned study, enterprises using VTEX experienced a 133% ROI, $17.1 million in business growth, and saved $5.8 million after migrating from legacy platforms. Major brands like Decathlon, Unilever, Motorola, Whirlpool, and Stanley Black & Decker utilize VTEX's platform to streamline operations and boost productivity.
VTEX (NYSE: VTEX) reported strong performance during Black Friday-Cyber Monday week 2024, with customers achieving $0.9 billion in GMV. The company saw a 21% year-over-year increase in orders and 19% GMV growth in FX-neutral terms (1% in USD). Top-performing verticals included Electronics (51% growth), Home, Furniture & Decoration (31% growth), and Apparel & Accessories (19% growth).
The platform processed 9.0 million consumer orders globally, with peak performance reaching 4.6 thousand orders per minute on November 29th at 11:28 am ET. Notably, one-third of total orders were omnichannel, demonstrating strong integration with physical stores.
VTEX (NYSE: VTEX) announces VTEX Connect NYC, its 2025 global commerce event, scheduled for January 13, 2025, at The Glasshouse. Following successful editions in Mexico City and Barcelona, this premier event expects 1,400 attendees from enterprise leaders, brand strategists, and retail decision-makers. The event features notable speakers including Olympic gymnasts Simone Biles and Rebeca Andrade, alongside KitchenAid executives. The conference will present 12 insights from an exclusive industry survey, focusing on U.S. consumer habits and emerging trends in digital commerce. The event follows NRF 2025: Retail's Big Show, positioning itself as a key gathering for commerce transformation leaders.
VTEX has been named a Challenger in the 2024 Gartner Magic Quadrant for Digital Commerce report, highlighting its growth in enterprise migrations from legacy platforms. The company reports that migrations to VTEX grew more than five times in 2022-2024 compared to 2019-2021. A Forrester study shows VTEX delivers 133% ROI, $17.1 million in additional revenue growth, and $5.8 million in savings from legacy platform migrations. The platform serves major brands including Colgate, Hearst, Calvin Klein, and Whirlpool, focusing on both B2B and B2C commerce solutions.
VTEX reported strong Q3 2024 financial results with notable growth across key metrics. Total revenue increased 10.6% YoY to US$56.0 million, with subscription revenue representing 96.3%. GMV reached US$4.4 billion, up 9.5% YoY. The company achieved significant margin improvements, with Non-GAAP operating income margin reaching 14% and free cash flow margin at 14%. Notable customer wins included Fast Shop in Brazil and US Electrical Services in the US. The company raised its full-year 2024 guidance, targeting FX neutral revenue growth of 18.5% to 19.5%, implying US$230-232 million range.
VTEX (NYSE: VTEX), a leading composable and complete commerce platform for premier brands and retailers, has announced it will release its third quarter 2024 financial results on November 5th, 2024, at 4:30 pm Eastern Time. The company will host a conference call and audio webcast to discuss the results.
Interested parties can access the conference call by dialing +1-646-307-1951 (Conference ID – 18526 –) and requesting inclusion in the call for VTEX. Additionally, a live audio webcast will be available on the investor relations section of the VTEX website. For those unable to attend the live event, an archived webcast replay will be made available after the call's conclusion.
VTEX, a leading commerce platform, has released new research on online grocery shopping trends in the U.S. The survey of 1,000 consumers reveals that 69% purchase groceries online, indicating a growing preference for digital services. Key findings include:
1. 47% of consumers order 26-50% of their groceries online
2. 60% prefer home delivery for online orders
3. Price is the most important factor for 69% of respondents
4. Free shipping (68%) and discount codes (65%) are the most appealing promotions
5. 45% consider real-time order tracking very important
The survey highlights the need for grocers to enhance their digital offerings, optimize the digital shelf, scale online operations, streamline fulfillment, and foster customer loyalty through unified commerce experiences. Grocers who adapt to these trends can gain a competitive advantage in the evolving digital marketplace.
VTEX (NYSE: VTEX) has released new research on live shopping trends, revealing that 45% of U.S. consumers have participated in live shopping events in the past year. The survey of 1,000 adults highlights a growing interest in this shopping format, with 61% of respondents browsing or shopping on Social Video Commerce channels. Key findings include:
- GenZ leads in social platform video shopping (83%), while millennials dominate live shopping (58%)
- Men unexpectedly outpace women in video engagement and live shopping
- 66% shop on social platforms at least monthly, with 32% doing so multiple times weekly
- 55% would engage more if live shopping was more consistently available
- 38% are unsure if their preferred brands offer video commerce or live shopping
These insights underscore the need for brands to adapt their strategies and incorporate more live shopping and video commerce capabilities to meet consumer demand and drive engagement.
VTEX, a leading commerce platform for B2C and B2B brands, has announced its Fall '24 VTEX Vision product showcase. This edition introduces several key innovations to enhance customer experience and boost sales efficiency:
1. Google Merchant Connector: Improved integration with Google Shopping ads and Google Pay.
2. VTEX Ad Network: Delivering a 5.0x average return on ad spend with AI-driven optimization.
3. VTEX Sales App: Enhanced features for seamless offline and online commerce integration.
4. B2B FastStore: A solution for fast, composable, high-conversion B2B experiences.
5. VTEX Pick and Pack: Advanced fulfillment solution with AI-powered returns module.
These innovations aim to unify commerce operations, maximize investments, and future-proof operations for VTEX's global enterprise customer base across 43 countries.
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