Shopify now dwarfs top retailers' valuations

published 09.09.2020 14:58

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But 36% of responding US retail SMBs still didn't use online platforms, giving Shopify more merchants to bring to its platform.

Shopify's star has risen so rapidly because it's been able to help merchants quickly build out their ecommerce businesses during the pandemic, and it has the opportunity to keep growing its ranks.

And as other commerce platform providers like Shopify boost their merchant bases, they'll impact competition for merchants and marketplaces.

As commerce platform providers like Shopify and BigCommerce boost their merchant bases, they'll impact competition for merchants, marketplaces, and more specific solutions providers.