*By Carlo Versano* Shopify, the Canadian e-commerce and point-of-sale software company that built a small empire helping small businesses go online, is now expanding in downtown Los Angeles with its first brick-and-mortar space. The space is less "store" and more "community space for entrepreneurs," said Shopify ($SHOP) product boss Satish Kanwar. "Our goal is to make entrepreneurship more accessible," he said Thursday in an interview on Cheddar. The space will be open seven days a week and feature workshops and classes with Shopify experts; host lessons on merchandising, marketing, and photography; and facilitate one-on-one appointments that merchants can book, à la Apple's ($AAPL) Genius Bar. Downtown L.A. was the obvious location for planting the first brick-and-mortar flag in the ground, Kanwar said ー given how many Shopify merchants are from the Los Angeles area (10,000, by his count, and over 600,000 worldwide). But the concept can be tailored to any area with a healthy population of small business and start-ups. "Entrepreneurship can be difficult and hard at times," Kanwar said. Shopify wants to provide a service for existing customers and attract a pool of new ones ー some of whom may not even know the service exists but may see the space and think about that business they've always wanted to start. Of course, it's also indicative of a move into physical retail "experiences" for brands that were once synonymous with e-commerce operations. Sure enough, Kanwar used the "experience" buzzword to describe how he sees people interacting with the Shopify space. By having a retail footprint that isn't purely transactional, people can "learn about what you stand for," he said. For full interview [click here](https://cheddar.com/videos/a-look-at-the-future-of-retail-with-shopifys-satish-kanwar).

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More