With the Shopify e-commerce platform, anyone can quickly create an online store and sell products. In addition, an online store can be set up easily and customized to increase traffic and ultimately generate sales.
With a market value of $141.3 billion, Shopify Inc. (NYSE: SHOP) is one of the world’s largest and most profitable online retailers. Many small businesses have taken advantage of the boom in online shopping. As a result, Shopify’s popularity skyrocketed during the flu pandemic as more businesses were compelled to expand their online offerings.
According to Shopify’s 2020 forecast, the company will hold 8.6 percent of the U.S. retail E-commerce market, which is less than half of what Amazon.com Inc has (NASDAQ: AMZN). In 2020, Shopify’s revenue will soar to $2.9 billion, an 86% increase over 2019.
Shopify’s Advantages for Big Brands
When the coronavirus crisis struck, the e-commerce boom was already underway. In the midst of lockdowns, travel bans, and store closings, billions of people around the world began using online services. Online stores and increased digital presence were scrambled by the world’s largest retailers, small businesses, and people who wanted their products to be sold online.
Shopify’s biggest customers and users are expanding its multi-channel presence. As a result, the most successful businesses sell their products across all platforms and interact with their customers wherever they prefer.
With over 1.1 million stores, Shopify is the second-largest e-commerce platform in the United States. Automotive, healthcare, food and beverage, sports, and apparel are just some of the industries that use this platform to its fullest potential.
E-commerce superstars are flocking to the Shopify and Shopify Plus platforms due to their rapidly expanding market share in the global e-commerce platform market.
The Biggest Shopify Stores
Using market capitalization and market value as a guide, here is the list of Shopify’s most powerful brands by their market share and market capitalization.
15. KKW Beauty
$1 billion is the market value.
KKW Beauty, a celebrity-owned cosmetics line, is a major Shopify user. Founded in 2017 by Kim Kardashian, KKW Beauty has become one of Shopify’s most popular stores. Every year, KKW has sales that sell out in seconds or minutes. Coty Inc. (NYSE: COTY) plans to invest $200 million in the cosmetics industry by 2020 when it plans to acquire a 20 percent stake. COTY’s stock has risen by 59 percent over the past year.
14. Kylie Cosmetics
A value of $1.2 billion
Kylie Cosmetics comes in at No. 14 on the list of the 15 largest Shopify users. Kylie Jenner’s company sells eyeshadow palettes, concealers, highlighters, blushes, and other cosmetics and accessories. With an investment of $600 million, Coty Inc. also holds a 51% stake in Kylie Cosmetics.
Gymshark, a UK-based manufacturer of fitness apparel, is the 13th largest Shopify user. Founded by Ben Francis, a teenager, in his parents’ garage in 2012, the fitness brand has since grown to 5.2 million social media followers and customers worldwide. Gymshark was purchased by growth equity firm General Atlantic LLC for £200 million in 2020. Especially in North America, where it claims Gymshark has built its largest customer base, the private equity firm supports Gymshark’s growth and international expansion.
The market is valued at approximately $2.1 billion
Among the top 15 largest Shopify users, Fitbit Inc., a maker of fitness trackers, comes in at number 12. Fitbit was founded in San Francisco in 2007. Fitness tracking became synonymous with Fitbit as a pioneer in the wearables industry. One of the most successful IPOs in history, Fitbit’s stock price surged nearly 50% on the day of its IPO in 2015. Sports tech giants such as Samsung, Microsoft (NASDAQ: MSFT), Nike (NYSE: NKE), and Garmin have all launched their own sports watches in recent years as the market for smart fitness wearables has grown rapidly. Fitbit was acquired by Google (NASDAQ: GOOG) in January for $2.1 billion.
11. Penguin Books
$3.67 billion is the current market value.
Penguin Books, based in the United Kingdom, is the eleventh-largest Shopify user. The company, which was founded in 1935, publishes a wide range of books, including academic and scholarly works, nonfiction, and fiction. Penguin Random House, the world’s largest trade publishing company, owns the company. A full takeover of Penguin Random House by Bertelsmann, a German media conglomerate, is scheduled for 2020. It was estimated that Penguin Random House’s revenue for 2020 would be $4.5 billion.
Monthly downloads of Penguin Books apps grew by 12.37 percent in the last 30 days, according to Apptopia, with 39,711 being downloaded.
10. Hyatt Hotels Corp
$8.35 billion is the market cap.
Hyatt Hotels Corp. is ranked 10th on the list of the world’s largest Shopify users. The company has its headquarters in Chicago and owns and operates resorts and hotels all over the world, including in the United States. Earlier this month, the Alila Napa Valley hotel in St. Helena, California, became Hyatt Hotels’ 1,000th property worldwide. According to the TOPHOTELPROJECTS construction database, the company has almost 350 projects in the works, with a particular focus on Asia and North America.
In 2020, the company expects to earn $2.061 billion in revenue. In the last year, the stock price has increased by 59%.
9. Red Bull
$12 billion is the current market capitalization.
Red Bull comes in at number 9 on the list of the top 15 largest Shopify users. At 43 percent of the world’s energy drink market, this Austrian company is one of the world’s largest. PepsiCo Inc., Coca-Cola Company, and Monster Beverage Corporation are Red Bull’s main competitors (NASDAQ: PEP). Sports leagues from Formula One to football teams are owned by Red Bull, which also owns a number of extreme sports event series.
Red Bull and Verod Capital, a private equity firm, led a venture round in 2019 to fund DTRT Apparel Ltd., West Africa’s largest clothing manufacturer.
8. Whole Foods Market
$13.7 billion is the market value.
Whole Foods Market, owned and operated by Amazon.com Inc. and ranked 8th among the 15 largest companies using Shopify (NASDAQ: AMZN). The company is based in Austin, Texas, and operates more than 350 supermarket chains in the United States, the United Kingdom, and Canada that sell only natural and organic food and products.
To $4.02 billion, down from $4.36 billion in 2019, Amazon’s physical store revenues, which include Whole Foods Market, dropped by 8% in the fourth quarter of 2020. (AMZN) shares have gained 60.5 percent in the last year.
7. Lindt & Spruengli
The company has a market value of $21.9 billion.
Swiss chocolate maker Lindt & Spruengli comes in at number seven on our list of the world’s largest Shopify users. Among the company’s many brands, you’ll find Ghirardelli, Whitman’s, Russell Stover, and many more. These confections can be found in over 500 retail outlets around the world.
In 2020, the company’s revenue dropped from $4.8 billion to $4.3 billion, a decrease of 10.9 percent from the previous year. LDSVF’s stock price rose by 10.2% in the last year.
6. Kraft Heinz Co.
Market capitalization: $49,7 billion
When it comes to Shopify users, Kraft Heinz Co. is one of the most well-known. For those who couldn’t access physical stores because of the pandemic, Heinz set up a new direct-to-consumer site on Shopify Plus within a week, allowing them to sell their products directly to consumers. CPG is valued at $11.3 billion as of March 30, 2021, when Berkshire Hathaway owns 325,634,818 shares.
In 2020, KHC’s net sales totaled $26 billion. In the last year, the stock price has increased by 44.6%.
5. Anheuser-Busch InBev Sa Nv
$106.2 billion is the market capitalization as of today.
Anheuser-Busch InBev, a Belgian brewer, is the fifth-largest Shopify user on our list. The company is one of the world’s most valuable producers of alcoholic beverages, according to Forbes. Budweiser, Castle, and Corona are some of the most popular brands it produces. It is the world’s largest brewer by volume and sales, with more than 600 beer brands available in 150 countries.
From $13.3 billion in 2019 to $12.8 billion in 2020, the company’s revenue decreased by 4.5 percent. There has been a 5.7% decrease in volume. In the last year, the stock price has increased by 30%.
4. PepsiCo Inc.
Value of the stock market: $99.6 billion
On the list of 15 largest companies using Shopify, PepsiCo Inc. comes in at number four. Two direct-to-consumer PepsiCo websites, PantryShop.com and Snacks.com, were launched during the pandemic to allow consumers to purchase PepsiCo food and beverage products. These include Gatorade, Pepsi, Quaker and Tropicano as well as Frito-Lay and Gatorade.
$314.9 billion is the market cap.
In the top 15 largest Shopify users, Nestlé’s Nescafe comes in third. Nestlé used Shopify Plus to create a B2C or business-to-consumer platform in order to convince millennials to switch to Nescafé instant coffee. The company has its headquarters in Switzerland and produces a wide range of beverages and foodstuffs, confections, cooking utensils, and pet care products among other things.
In 2020, the company expects to earn $90.8 billion in revenue. In the last year, shares of NSRGY rose by 8.6%.
2. LVMH Moet Hennessy Louis Vuitton
$331 billion is the market cap.
Second on our list of the 15 largest Shopify users is LVMH’s Sephora, a subsidiary of the cosmetics giant. French-based chain of personal care and beauty shops is the company’s headquarters. On April 2020, Sephora will have more than 2,600 retail locations around the world selling 78,000 different beauty products. Despite the fact that the pandemic caused fewer people to visit stores, online sales increased.
LVMH’s total revenue for 2020 was $52.9 billion, with profits from the fashion and perfume sector totaling $6.2 billion. The stock price has increased by 80% in the last year.
1. Tesla Inc.
Six hundred and forty-four billion dollars
Tesla Inc., the American electric vehicle manufacturer, is at the top of the list of Shopify’s 15 largest customers. Its Palo Alto, California, headquarters house one of the world’s fastest-growing EV manufacturers. Tesla is a leading manufacturer of electric and self-driving cars. In his Tesla Shopify store, Elon Musk sells everything from car chargers and accessories to clothing and even a $250 bottle of Tesla Tequila. For the first quarter of 2021, Tesla produced and delivered 184,800 Model 3/Y vehicles, a total of 180,338 vehicles.
$31.5 billion was the company’s revenue forecast for 2020. Over the past year, TSLA stock has risen 485.5%.