0914 ET - Shopify is taking in new big players in the retail space while expanding services with existing customers. In his prepared statements, CEO Tobias Lutke says Shopify has signed big brands, such as Karl Lagerfeld, with 70 point of sale locations. FC Barcelona, another big coup in 4Q, with a 330 million fan base, is now using Shopify's POS system, not just online commerce services. Meanwhile, existing clients such as Everlane have taken on expanded services after being onboarded with basic services. Other notables, Lutke says, were shoe companies Aldo, Sperry with each deciding "to go all in with us." (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 09:14 ET (14:14 GMT)
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