Walmart and Shopify have formed a partnership to compete with online retail behemoth Amazon. Shopify’s 1,200 top-performing US merchants will be able to list their products on Walmart’s marketplace, which currently hosts over 120,000 sellers. This move is seen as a strategic alliance to challenge Amazon’s dominance in the e-commerce sector.
Shopify, a platform that helps businesses create online stores, has seen its stock price soar amidst the COVID-19 pandemic. The company’s revenue has been increasing, making it a formidable contender in the online retail space.
Walmart, on the other hand, has been struggling to keep up with Amazon’s growth. Despite investing heavily in its online operations, Walmart’s e-commerce sales represent a fraction of Amazon’s. The partnership with Shopify could potentially boost Walmart’s online presence and sales.
This alliance is viewed as a significant shift in the e-commerce landscape. If successful, it could disrupt Amazon’s hold on the market and stimulate healthy competition. It also represents a new approach for Walmart in its pursuit to compete with Amazon, by leveraging the power of partnerships.
The ultimate winners from this alliance could be consumers, who may benefit from increased competition leading to better prices and services.
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