Shopify Regains Growth Momentum After Divesting Logistics and Layoffs
Shopify experienced a 31% year-over-year increase in revenue during the second quarter, reaching nearly $1.7 billion, following the company's renewed focus on building e-commerce stores for brands.
Flexport acquires Shopify's logistics business to compete with Amazon
Flexport is acquiring Shopify’s logistics business, which includes dozens of warehouses and sorting centers, as the digital freight forwarder aims to expand its e-commerce fulfillment operations.
Shopify bets on the “vertical integration of logistics”
Shopify’s fulfillment network has been stretched thin.