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Shopify created more than 100,000 jobs in the UK last year-latest retail technology news from around the world

Shopify merchants helped create 112,780 new jobs in the UK in 2020 as the pandemic pushed business owners online.

According to the Center for Retail Research (CRR), Shopify has increased the number of new stores created on its platform by 106% due to the loss of nearly 118,000 jobs on High Street.

E-commerce platforms have also contributed £ 17.3 billion to the global economy, and their merchants are making something like Rolls-Royce.

A recently released economic impact report produced by Deloitte reveals that Shopify companies have created 3.6 million jobs worldwide.

“We’ve been experimenting since Shopify was born,” said Tobias Lütke, Shopify’s CEO.

“Our hypothesis is that all economies rely on entrepreneurs and small businesses to thrive. Over the years, this has turned out to be true.”

read more: Shopify revenue increased $ 528.6 million from last year

For every $ 1 that Shopify makes, the merchant generates $ 40.82, according to a Deloitte report.

Another figure shows that about 45,800 partners introduced merchants to their e-commerce platforms last year. This is a 73% increase over the previous year.

Shimana Mehta, Managing Director of Shopify, said:

“Some retailers have been hit hard by unemployment, but it’s very encouraging to see the employment opportunity boom created by e-commerce.

“Our report also clearly shows that e-commerce has great potential as an engine of economic growth.”

Dan Marsden, Shopify’s merchant and CEO of Lounge, has seen his revenue surge over 300% since the pandemic began.

He states: “2020 started with 28 team members, but as we continue to grow, 120 people are currently working to support our business. We have a business model based on our customers’ purchasing preferences. We are building and working to build an online community. “

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Shopify created more than 100,000 jobs in the UK last year-latest retail technology news from around the world

Source link Shopify created more than 100,000 jobs in the UK last year-latest retail technology news from around the world

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