Shopify is rolling out new services for retailers and pushing into the grocery sector as the ecommerce upstart tries to cash in on the disruption caused by the coronavirus pandemic.
With the high street in hibernation, retailers have turned to Shopify to provide back-end services as they move online and the Canada-based company’s market valuation has more than doubled since early April to above $80bn.
While venerable US retailers J Crew and Neiman Marcus filed for bankruptcy earlier this month, Shopify beat forecasts with a 47 per cent jump in first-quarter revenues.
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