Shopify Up 8% on News of Amazon Partnership

Shares of Shopify ( $SHOP) are up 8% on January 5th, 2017 on news that the e-commerce company is close to a sales partnership with Amazon, possibly January 10th, 2016. Some customers have already had access to the integration which allows them to manage product catalogs on various e-commerce platforms, including Amazon.. directly from Shopify..

If your are familiar with Shopify and Amazon.. this is HUGE news.. this is going to make cross-selling products from Shopify to Amazon much easier, allowing sellers to reach Amazon’s millions of users.

Shopify is already partnered with Facebook, integrating with Facebook Messenger to enable merchants to sell their products there as well.

Worldwide spending on retail e-commerce is expected to be over $485 billion in 2021. This is a HUGE move for Shopify and one that I look forward to greatly. Happy New Year to US!

 

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