Affirm Expands Shopify and Walmart Partnerships Amid Market Growth

Published 18 hours agoAFRM

Affirm Expands Shopify and Walmart Partnerships Amid Market Growth

Affirm continues to solidify its position in the financial technology industry with recent expansions of key retail partnerships. Though there’s no new information on a potential expansion with Williams-Sonoma into Canada, Affirm is making significant moves elsewhere, especially evident from its strengthened collaboration with Shopify announced in February 2025. This partnership designates Affirm as the exclusive provider of Shop Pay Installments for Shopify in the U.S. and Canada, with plans to extend into the UK market, according to Investing.com.

In December 2023, Affirm's stock witnessed a notable increase, surging over 15% following the news of an expanded partnership with Walmart. This deal involves rolling out self-checkout kiosks across more than 4,500 Walmart stores in the United States, reported Capitoltrades.com. This strategic expansion highlights Affirm's commitment to enhancing consumer payment options through innovative retail solutions.

Additionally, Affirm has made headway with Amazon as its first pay-over-time option at checkout on Amazon Business, which boosted its stock price significantly back in November 2023. These developments underscore Affirm's strategy of broadening its reach and influence in the retail industry by collaborating with leading retailers to integrate more flexible payment solutions.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Sanofi Shares Dip After Mixed Itepekimab Trial Results

Sanofi Shares Dip After Mixed Itepekimab Trial Results

11 minutes agoSNY

Sanofi's shares saw a decline after the company announced mixed results from studies involving its investigational drug, Itepekimab. Despite demonstrating effectiveness in clinical trials, the market reacted with caution. Itepekimab, tested in adults with asthma and COPD, showed promising outcomes but below some expectations. The Phase 2 trial results revealed that Itepekimab reduced asthma control loss events by 58% compared to a placebo in a study involving 296 adults with moderate-to-severe asthma. In a similar trial for COPD, targeted at former smokers with moderate-to-severe cases, Sanofi reported a 51% reduction in exacerbation rates. Despite these figures, the mixed responses and potential challenges facing the drug may have influenced investor sentiment, according to reports from Healio. Sanofi’s strategies continue to focus on developing Itepekimab's potential in treating respiratory conditions effectively. Currently, Sanofi's shares reflect a slightly adjusted market position at $52.35, with a subtle change of $0.36 from the prior close. While these studies underscore Itepekimab's promise, they also emphasize the risks and variability involved in pharmaceutical advancements.

Marvell Technology's Data Center Revenue Climbs as Networking Segment Struggles

Marvell Technology's Data Center Revenue Climbs as Networking Segment Struggles

26 minutes agoMRVL

Marvell Technology announced robust growth in its data center segment for the first quarter of fiscal year 2025, with revenue soaring to $816 million. This marks an 87% increase compared to the same period last year and a 7% rise from the previous quarter. As reported by PR Newswire, this segment now contributes to 70% of Marvell's total revenue, fueled by rising demand for AI cloud applications and the introduction of custom AI compute programs. Conversely, the enterprise networking segment experienced significant challenges, with revenue dropping to $153 million, which represents a 58% year-over-year decrease. According to Nasdaq, these results stemmed from a weak demand environment and inventory adjustments. This segment now makes up 13% of Marvell's overall revenue, highlighting its diminished contribution as compared to the thriving data center business. Overall, Marvell's total revenue reached $1.16 billion for the quarter, surpassing analyst forecasts slightly, as noted by Investopedia. Looking ahead, the company anticipates a mid-single-digit sequential revenue growth in the upcoming quarter, driven by a scale-up in custom AI silicon. Despite the struggles in networking, Marvell's performance underscores its strong foothold in the burgeoning data center market.

Ulta Beauty Surpasses Expectations with Strong Q1 Results

Ulta Beauty Surpasses Expectations with Strong Q1 Results

41 minutes agoULTA

Ulta Beauty has reported impressive financial outcomes for the first quarter of fiscal 2025, with net sales reaching $2.85 billion. This figure surpasses the analyst expectations of $2.79 billion, as highlighted by Reuters. The retailer's comparable sales grew by 2.9%, fueled by a 2.3% increase in average ticket and a 0.6% increase in transactions. In addition to strong sales, Ulta Beauty achieved adjusted earnings per share of $6.70, exceeding the predicted $5.81. This profit growth was attributed to reduced inventory losses and successful new product launches, including brands like Milk Makeup and K-Beauty. Concurrently, the company expanded its physical presence by opening six new stores, reaching a total of 1,395 locations. Ulta Beauty is adopting an aggressive expansion strategy, planning to open 60 to 65 net new stores in fiscal 2025 and aiming for over 1,800 locations by 2027. Reflecting confidence in its ongoing performance, Ulta raised its annual profit forecast to between $22.65 and $23.20 per share, from a previous range of $22.50 to $22.90. This illustrates Ulta's adaptability and strategic positioning amidst a fluctuating retail industry.

BP Appoints Oil Industry Veteran David A. Hager as Non-Executive Director

BP Appoints Oil Industry Veteran David A. Hager as Non-Executive Director

56 minutes agoBP

BP has announced the appointment of David A. Hager as a non-executive director, effective June 2, 2025. Hager brings with him a wealth of experience from the U.S. oil and gas sector, where he has held significant leadership roles over the past four decades. Hager notably served as CEO of Devon Energy from 2015 to 2021, before transitioning to the role of executive chairman until 2023. His extensive resume includes a period as Chief Operating Officer at Kerr-McGee Corporation and senior roles at Mobil Oil Corporation and Sun Company Inc., according to Reuters. His board experience extends to EnLink Midstream, LLC, and Pride International Inc. A geophysics graduate from Purdue University with an MBA from Southern Methodist University, Hager's appointment reflects BP's strategy to strengthen its board with profound industry knowledge, especially in the U.S. market.