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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

3

Ikea’s billionaire founder was so frugal that he bought clothes from flea markets and took free salt and pepper from restaurants
TechFortune Brainstorm

Shopify is ready for the holiday season. Just don’t call it the ‘anti-Amazon’

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
Down Arrow Button Icon
December 11, 2020, 5:30 AM ET
Brainstorm Podcast-Lowe's Holiday Retail
A Nutcracker decoration outside a Lowe’s store in Orland Park, Ill., on Nov. 16, 2020. Daniel Acker—Bloomberg/Getty Images
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Shopify, the tech platform that provides e-commerce infrastructure for brands of all sizes, is sometimes called the anti-Amazon for its approach to working with merchants—but that’s not a nickname the business relishes.

“I don’t consider us the anti-Amazon,” VP and general manager for Shopify Plus Loren Padelford says. “I think that’s a media narrative.”

But, Padelford allows, “we want merchants to be front and center. …That’s a worldview difference.”

Those merchant relationships are more critical than ever this month, during a holiday season that has tested retailers in new ways. More consumers are relying on online shopping to buy gifts for their friends and loved ones, including through the 1 million merchants who use Shopify.

Padelford joined Fortune Brainstorm, a podcast about how technology is changing our lives, where he spoke to Fortune’s Michal Lev-Ram and Brian O’Keefe about these changing consumer habits. Shopify’s technology supports everything from Fortune 500 retailer limited-edition launches to Rob Kardashian’s sock brand, putting the company at the center of every kind of shopping during this busy quarter.

While Shopify is working to support sales, tech startup Ohi is developing a new solution to get those purchases to consumers—also, of course, measured against Amazon. CEO Ben Jones founded the company that opens micro-warehouses to help small brands compete with the kind of fast shipping that has, thanks to Amazon, become standard throughout the retail industry.

Jones predicts that within two years, consumers are going to demand products they order online “in a matter of hours.” In a holiday season that follows months of headlines about slowdowns at the U.S. Postal Service, Ohi’s strategy is just as crucial to this year’s holiday season as e-commerce itself.

Fortune retail reporter Phil Wahba also joined the Fortune Brainstorm hosts to provide perspective on how major retailers are faring during this unusual Q4. For more insight into retail and technology, listen to the episode.

About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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