Walmart has seen the number of new sellers signing up to its marketplace more than triple thanks to its partnership with Shopify.
Walmart Marketplace, its platform designed to rival Amazon which allows third-party sellers to set up online stores, has seen new sign-ups skyrocket since it joined forces with Shopify in June.
The US’ largest physical retailer announced last month that it was allowing Shopify’s small business sellers to join its marketplace.
In the six-weeks since the partnership was announced, more than 5000 new sellers signed up to the platform, more than triple the 1296 sign-ups seen in January.
According to Marketplace Pulse, Walmart Marketplace saw 3000 new sign-ups throughout June, and is expected to receive 3600 in July.
As of the end of this month, it is estimated that more than 15,000 new sellers have signed up to the platform this month, meaning more than 50,000 sellers now trade on marketplace.
While its partnership with Shopify has clearly had a significant impact, the near overnight exodus online during lockdown also helped boost the marketplace’s numbers.
Notably, despite this dramatic rise in sellers Marketplace Pulse says the number of products available on the platform has shrunk from 50 million at the start of the year to 36 million.
It attributed this drop to a number of large sellers delisting their products, and Walmart disputes the figure claiming the number is more like 75 million.
Walmart Marketplace was also reported to be outperforming both Amazon and Ebay in terms of the performance of its sellers.