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For example, merchants who joined Shopify in 2020 saw their sales grow nearly 100% by 2023. Sellers stay with Shopify because the company strives to make its platform easy to use.
Shopify's (SHOP) third-quarter performance is expected to have benefited from the growing adoption of merchant-friendly solutions, despite the challenging macro environment and higher inflation.
Shopify's (SHOP) third-quarter results are likely to reflect the impacts of the increasing adoption of merchant-friendly applications amid the continued momentum in e-commerce activities.
As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4] According to the company's yearly financial report for 2023, its total revenue reached $7.1 billion, and Gross Merchandise Volume (GMV) increased 20% to $235.9 billion over the prior year. [5] Shopify is the second largest publicly traded Canadian company. [6]
Consumer Reports is a United States-based non-profit organization which conducts product testing and product research to collect information to share with consumers so that they can make more informed purchase decisions in any marketplace.
ConsumerAffairs is an American customer review and consumer news platform that provides information for purchasing decisions around major life changes or milestones. [5] The company's business-facing division provides SaaS that allows brands to manage and analyze review data to improve their products and customer service.
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Consumer Reports (CR), formerly Consumers Union (CU), is an American nonprofit consumer organization dedicated to independent product testing, investigative journalism, consumer-oriented research, public education, and consumer advocacy.
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