This article researched by Insider Monkey is about the 15 biggest companies that use Shopify. Shopify is an e-commerce platform that enables users to create and sell their goods online. One of the world’s biggest e-commerce companies, Shopify, is valued at $145 billion. The boom has influenced its rapid growth in e-commerce adoption that attracted many small businesses. In 2020, it became the second-largest e-commerce player in the U.S. after Amazon.com Inc. Cathie Woods has also included Shopify in her ARK Invest portfolio, where she purchased 18,184 shares of the e-commerce company last month.
The global outbreak of the coronavirus epidemic hit the e-commerce industry right when Shopify was already in operation. It caused a huge influx of consumers wanting to shop for goods and services online. This massive user base helped retailers and small businesses expand their digital presence. As the second-largest e-commerce company in the U.S., Shopify has over 1.1 million stores. It is also known for its robust features and low prices.
Insider Monkey ranked the most influential companies using Shopify by their market value and market cap. Starting the list as the fifteenth company is KKW Beauty, a leading brand that uses Shopify. It was founded by Kim Kardashian in 2017 and is one of the largest companies that use the platform. Kylie Cosmetics is the 14th biggest company that uses Shopify. It’s owned by Coty Inc., which is the world’s biggest beauty company. Following is Gymshark, a UK-based fitness apparel brand. It has gained 5.2 million followers globally. Ben Francis, the 19-year-old entrepreneur who founded the company, sold his entire business to General Atlantic LLC in 2020. Also, Fitbit, another leading player in the fitness industry, uses Shopify to manage its operations. The company became popular after launching the Fitbit brand in 2007. Its stock price shot up significantly on the day of its IPO.
Penguin Books, Hyatt Hotels Corp., Red Bull are listed in that order with their worth as companies that use Shopify. To know more about Insider Monkey’s findings, read 15 Biggest Companies That Use Shopify.