Shopify teams up with Amazon

Article Excerpt

SHOPIFY, $76.74, remains a buy. The company (Toronto symbol SHOP; TSINetwork Rating: Extra Risk) (www.shopify.ca; Shares outstanding: 1.2 billion; Market cap: $100.4 billion; No dividends paid) has announced a deal with Amazon.com that will let U.S. merchants who use Amazon’s fulfillment network add Buy with Prime to their Shopify checkout process. Shopify merchants will be able to offer Prime members fast, free delivery, and easy returns outside of Amazon for the first time. Before the agreement, merchants signed up with Shopify had to manage Buy with Prime independent of their Shopify stores—an arrangement that made fulfilling orders more complex and time-consuming. Shopify is still a buy. buy. …