Shopify links up with Walmart

Article Excerpt

SHOPIFY INC. $1,282.40 (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares outstanding: 116.8 million; Market cap: $150.2 billion; No dividends paid) recently announced a partnership with Walmart. Merchants across the U.S. on Shopify’s e-commerce platform can now apply to sell through Walmart.com. If approved, they’ll be able to connect their Shopify store to their Walmart Seller Account. That will let them quickly and easily sync their product catalog to create product listings on Walmart.com. The deal lets Shopify expand the number of channels where its merchants can sell goods. They may even be able to eventually use Walmart’s fulfilment network, which would likely help both Shopify and Walmart better compete against Amazon’s “Fullfillment by Amazon” offering. Shopify is a buy. buy…