An E-Commerce Winner Not Named Amazon

With frequent reports of declining mall traffic, aggressive store closures, and disappointing earnings numbers, it seems that no company is immune to the wrath of Amazon (NASDAQ: AMZN). Even grocery retailers, and auto part stores -- two businesses that were once believed to be protected from online retail -- are starting to be threatened. However, while Amazon is indeed making life difficult for traditional brick-and-mortar retailers, one business is thriving as online shopping picks up steam.

During its most recent quarter, Shopify Inc (NYSE: SHOP) grew revenue 75% over the prior year. In the past year, its stock price has grown 160%. The incredible part of Shopify's story is that it's become successful serving customers that would appear to be most vulnerable to Amazon, small and medium-sized retailers.

Shopify provides a cloud-based e-commerce platform which helps retailers sell goods and services online, on social media, or through traditional in person channels. Shopify's service can help its customers create online stores, manage inventory and customer data, accept credit cards, and even assist with logistics. Today, Shopify sports over 1 million active users while 500,000 merchants have used the platform to sell over $40 billion worth of goods and services.

Source: Fool.com