Retail Week examines the three big marketplaces’ second-quarter results to understand who traded best over the tumultuous coronavirus lockdown period.
Retail news has been dominated by headlines of declining footfall, store closures and job losses since lockdown came into force in March. And who better to take advantage of rapidly shifting demand towards online than the three titans of ecommerce Amazon, eBay and Shopify?
While all three reported substantial year-on-year revenue increases versus their previous results, it was Shopify that led the way as its revenues skyrocketed by almost 100% to $714.3m (£550m) in the second quarter.
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