The ecommerce platform for millions of merchants has ambitious plans to expand at the high end
When snowboard enthusiast Tobias Lütke launched an online sporting goods shop two decades ago, few would have guessed that his frustrations in doing so would drive him to build one of the world’s largest ecommerce companies by market cap. But that is what Shopify has become, since Lütke set it up in 2006 as a simple maker of ecommerce websites. His aim, as he put it in a since-deleted 2019 Twitter post, was to “arm the rebels” against “the empire” of Amazon.
“You can just roll out to another country using the same Shopify store that you’re using at home,” says Kilmer-Purcell. “You may be adding incrementally, but you’re not doubling the efforts.” Shopify can typically charge a relatively high transaction fee of 2-3 per cent to small and medium-sized merchants, notes Harshita Rawat, a payments analyst at research company Bernstein — and she says that can make for “very lucrative economics”.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Which Married at First Sight Australia 2024 couples are still together?Which MAFS Australia couples are still together? We look back at the couples from Married at First Sight Australia 2024 who are still going strong after filming.
Read more »
We fell in 'love at first sight' - a week later, we were pregnant'I wouldn't have changed anything.'
Read more »
New treatments in sight for challenging neuropsychiatric symptoms in neurodegenerative diseasesStudy reviews the advancements in pharmacological treatments for neuropsychiatric syndromes in neurodegenerative disorders, discussing the complexities of managing symptoms such as depression, disinhibition, apathy, psychosis, and agitation to improve patient care.
Read more »
The Tories' Easter Break: No Political Resurrection in SightThe Conservative Party's fate is sealed as they spend Easter break cursing their own Hunt for bitter pills instead of chocolate treats. No political resurrection is on the cards for them.
Read more »
Married At First Sight's Mel Schilling 'feeling positive' in cancer updateThe reality star and dating coach had keyhole surgery to remove a cancerous tumour in December
Read more »
Travis Kelce Just Hid Another Taylor Swift Easter Egg in Plain SightWe were so distracted by Travis Kelce singing 'Bad Blood', we totally missed his sartorial reference to Taylor Swift.
Read more »