Retail’s pandemic winner

Sep 14, 2020

One of the brightest spots in this crazy year has been the rocket-like growth of eCommerce. The COVID-19 pandemic is speeding up companies’ jump to compete with top names in the digital world. One of the biggest winners in the retail upheaval that began early in 2020 is online commerce software provider Shopify

Riding a wave of interest from merchants and investors, Shopify has reached a market value on Wall Street that is bigger than eBay and Target combined. Two of the largest online merchants in the world according to the Wall Street Journal, they can’t keep up with the growth. 

Shopify has seen its revenue nearly double this year as retailers big and small have turned to the easy to use platform. as a lifeline for revenue during lockdown. Many retailers are capitalizing on Shopify’s ability to handle payments, shipping options and even fulfillment options. Shopify has simplified many processes that usually give companies’ headaches when it comes to setting up a store online.

This boom in online commerce is putting the pressure on eCommerce giants like Amazon. Many retailers, while small, now have the power of a large company behind them.  Everything from boutiques to farms have jumped on the commerce platform to power sales that usually happen in person or in a brick and mortar store. 

Shopify’s star only continues to rise with its stock continuing to hit new heights. With it’s easy to use dashboard, wealth of plugins and resources, it’s no wonder the software company is one of the top of the year. More and more brands are choosing Shopify for their online commerce needs – and rightly so! They are firmly cementing the idea that eCommerce isn’t only here to stay, but it’s here to be the new way.

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