Topic: How To Invest

Power Growth Investor Hotline – Friday, September 1, 2023

Article Excerpt

SHOPIFY INC., $90.73, remains a buy. The company (symbol SHOP on Toronto) offers merchants of all sizes Internet-based software to design, set up and manage e-commerce stores across multiple sales channels. It also handles digital payments and shipping. Shopify shares jumped this week after it announced a deal with that will soon begin helping Shopify merchants more easily access Amazon’s huge fulfilment network within their Shopify stores. The deal centers on an app Amazon will release within Shopify’s ecosystem over the next month, letting U.S. merchants who use Amazon’s fulfillment network add Buy with Prime to their Shopify checkout process. Buy with Prime is an Amazon program that helps merchants offer speedy shipping on orders made through their own sites by leveraging the Seattle-based business’s behemoth fulfillment network. Shopify merchants will be able to offer Prime members fast, free delivery, and easy returns outside of Amazon for the first time. Before the agreement, merchants signed up with Shopify had to manage Buy with Prime independent…