Shopify Inc. (TSE:SH) Is Poised to Benefit From U.S. Online Retail Sales Growth

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An alternative method to purchasing a multi-million dollar online retail business is to use a company like Shopify Inc. (NYSE:SHOP)

While traditional brick-and-mortar retail sales have seen modest gains, the growth of online retail has increased almost 11% year over year.

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This growth is continuing to attract the likes of some of the oldest brick-and-mortar businesses in the U.S. Most of these business already have an online presence, but are either looking to increase their market share or tap into new customer bases. For example, two leading online-only retailers, Jet.com and Dollar Shave Club, were purchased by brick-and-mortar businesses.

An alternative method to purchasing a multi-million dollar online retail business is to use a company like Shopify Inc. (TSX:SH)(NYSE:SHOP).

Read the full article at: www.fool.ca