Walmart (NYSE: WMT) and Shopify (NYSE: SHOP) are teaming up to give select Shopify sellers the ability to list items on Walmart.com. Walmart's online marketplace is growing quickly -- faster than the 74% overall growth in Walmart's overall e-commerce business last quarter -- but it still trails Amazon (NASDAQ: AMZN) by a wide margin. Adding top Shopify sellers could help sustain the rapid growth for Walmart, which is essential for turning its e-commerce operations profitable. Read More...
Walmart’s Tapping Shopify Sellers to Compete With Amazon
Walmart (NYSE: WMT) and Shopify (NYSE: SHOP) are teaming up to give select Shopify sellers the ability to list items on Walmart.com. Walmart’s online marketplace is growing quickly — faster than the 74% overall growth in Walmart’s overall e-commerce business last quarter — but it still trails Amazon (NASDAQ: AMZN) by a wide margin. Adding top Shopify sellers could help sustain the rapid growth for Walmart, which is essential for turning its e-commerce operations profitable.
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