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Shopify

Walmart partners with Shopify to expand web marketplace business [Video]

Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fuelled surge in online shopping.

The world’s largest retailer aims to add 1,200 Shopify sellers this year, Walmart executive Jeff Clementz said in an interview. The company’s marketplace site, which already offers more than 75 million products, grew at a faster pace than Walmart’s overall web business in the first quarter, and third-party sales are typically more profitable as the sellers pay a fee when a sale is made and often shoulder the delivery costs.

The collaboration is Walmart’s latest attempt to expand the scale and profitability of its US$21.5 billion U.S. e-commerce business, which is gaining ground on market leader Amazon.com Inc. but continues to lose money. In recent years, Walmart has rolled out a fulfillment service for third-party sellers, allowed customers to return marketplace items in its physical …

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Shopify

Opinion: For businesses, distancing themselves from Donald Trump was the easy part [Video]

Although Canadian businesses are not allowed to contribute to political parties or candidates, this movement away from Donald Trump still holds important lessons for all companies and organizations, wherever their head office resides

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Shopify

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