Walmart Partners With Shopify in Its Biggest Move Yet to Take on Amazon
Walmart (NYSE: WMT) announced on Monday that it was joining forces with Shopify (NYSE: SHOP), opening its marketplace to Shopify merchants. The move will expand the company's online sales platform and better position it to compete with e-commerce leader Amazon.com (NASDAQ: AMZN).
The world's largest retailer said it hoped to add as many as 1,200 Shopify sellers to its platform by the end of the year. Walmart plans to focus on small- and medium-sized U.S.-based business that have an assortment of products that complement its own, while also looking for companies with a "track record of exceeding customers' expectations."
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Source Fool.com
