This is a Shopify news story, published by CNBC, that relates primarily to Doug McMillon news.
For more Shopify news, you can click here:
more Shopify newsFor more Doug McMillon news, you can click here:
more Doug McMillon newsFor more consumer & retail news, you can click here:
more consumer & retail newsFor more news from CNBC, you can click here:
more news from CNBCOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like consumer & retail news, you might also like this article about
Shopify deal. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Target Plus news, online shoppers news, consumer & retail news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
ShopifyCNBC
•
73% Informative
Target has struck a deal with Shopify to discover hot items for its third -party marketplace.
Third -party marketplaces tend to be lucrative businesses as retailers get a cut of sellers' profits.
Target 's digital sales grew 1.4% in the first quarter , the first such increase in more than a year .
Walmart, in particular, has ramped up its marketplace efforts as it tries to close the wide gap with Amazon and its dominant e-commerce platform. It has been recruiting sellers and offering new services, like the ability to ship bulky items like patio furniture or canoes. Sellers in Walmart 's U.S. marketplace grew 36% in the first quarter and it now has more than 420 million unique items, CEO Doug McMillon said on the company's earnings call in mid-May . Other marketplaces, such as TikTok Shop and Temu , are growing rapidly, too..
VR Score
82
Informative language
88
Neutral language
23
Article tone
semi-formal
Language
English
Language complexity
43
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links