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Shopify Advances After Deal With Walmart Expands Its Reach

  • Move is retailer’s latest attempt to grow online sales, profit
  • Walmart will bring 1,200 Shopify sellers to its site this year
Founded in 2006, Shopify has become the platform of choice for businesses large and small that are looking to get online cheaply and quickly.

Founded in 2006, Shopify has become the platform of choice for businesses large and small that are looking to get online cheaply and quickly.

Photographer: Andrew Harrer/Bloomberg
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Walmart Inc. has partnered with e-commerce giant Shopify Inc. to expand its third-party marketplace site and grab more of the pandemic-fueled surge in online shopping. Shares of the Canadian technology company rose on Monday.

The world’s largest retailer aims to add 1,200 Shopify sellers this year, Walmart executive Jeff Clementz said in an interview. The company’s marketplace site, which already offers more than 75 million products, grew at a faster pace than Walmart’s overall web business in the first quarter, and third-party sales are typically more profitable as the sellers pay a fee when a sale is made and often shoulder the delivery costs.