Home Technology Gadgets Walmart teams up with Shopify to expand online marketplace business - Latest...

Walmart teams up with Shopify to expand online marketplace business – Latest News

Expand Online Marketplace

Walmart Inc has partnered with Canadian e-commerce firm Shopify Inc, as the world’s biggest brick-and-mortar retailer ramps up its efforts to capture a bigger slice of the coronavirus-driven surge in online shopping.

 

U.S.- and TSX-listed shares of Shopify, which have doubled in value this year and briefly made the company the most valuable Canadian company in May, were up about 7% in morning trading on Monday. (Expand Online Marketplace)

Online sales at retailers, from cosmetics makers to pizza chains, have boomed in the wake of the COVID-19 pandemic, which has forced customers to stay indoors.

Bentonville, Arkansas-based Walmart said it expected to add 1,200 Shopify sellers to its marketplace this year and that the partnership was focused on adding small- and medium-sized U.S. businesses to its platform, Walmart.com. (Expand Online Marketplace)

Last month, Walmart reported a 74% surge in quarterly e-commerce sales and discontinued operations at e-commerce start-up Jet.com, which it had acquired for $3.3 billion in 2016. (Expand Online Marketplace)

Shopify said the merchants would be able to connect their accounts to their Walmart seller accounts before they could list their products separately on Walmart’s website. (Expand Online Marketplace)

“Walmart is the 3rd biggest marketplace in the U.S. behind Amazon and eBay, both of whom are already channel partners for Shopify, so this partnership is a natural next step and frankly, a long-awaited one,” Eight Capital analyst Suthan Sukumar said.

Shopify has announced similar partnerships with Facebook and Pinterest in recent weeks.

Also Read: Google Pixel 4A Samsung Galaxy Note 20 And Apple iPhone 12 Will Be Launch Very Soon

Walmart teams up with Shopify to expand online marketplace business - Latest News
bloggdudehttps://www.bloggdude.in
I’m a blogger- a 34 something-year-old from the INDIA.

Must Read

Indian marketers to increase dependence on consumer data: EY Study

‘Brands struggled to break down internal silos, activate data and build right skillsets to drive ROI’. Some 82% of Indian brands who participated in...

Amazon Freedom sale: Top offers on printers from HP, Epson, Canon and others with up to 22% discount

Amazon has kickstarted its five-day long ‘Great Freedom’ sale. The e-commerce giant is offering discounts of up to 70% on a range of electronics...

Vivo Y12G Launched In India, Know The Price And Specifications Of The Phone

स्मार्टफोन कंपी Vivo ने आज भारत में अपना बजट स्मार्टफोन Vivo Y12G लॉन्च कर दिया है. फोन को एक...

Gold gleams, silver struggles – The Hindu

Precious metals remained broadly range bound in July. After a distinctly weak performance in June, Comex gold managed to close in the green. The...

Going on vacation? Here’s how you can set automatic an out-of-office message in Gmail

If you are planning to travel anytime soon and don’t want to be bothered by emails then you should make use of Gmail’s vacation...
Walmart teams up with Shopify to expand online marketplace business - Latest News