Will Shopify Widen Walmart’s Moat Against Amazon?
Shopify's (NYSE: SHOP) stock recently popped after it secured a new partnership with retail giant Walmart (NYSE: WMT). Shopify's merchant clients can now directly sell their products on Walmart's third-party marketplace, and Walmart plans to onboard 1,200 new sellers this year.
This partnership could benefit both companies and strengthen their defenses against Amazon (NASDAQ: AMZN), which is increasingly relying on third-party sellers to drive the growth of its online marketplace.
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Source Fool.com
