Shopify Inc. is launching POS Go, a piece of retail hardware that allows merchants to accept payments, monitor sales and manage inventory.

In a press release Tuesday, the company said “retail is back” and it’s looking to start “powering the growth of offline retail.”

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Shopify's POS Go. Photo courtesy of Shopify.

“Offline retail is all the way back, and we’re investing heavily in hardware that’s fit for the fastest-growing, most innovative retailers in the world,” said Arpan Podduturi, vice president of product at Shopify.



The announcement of Shopify’s big push into brick-and-mortar comes just two months after the company announced it would lay off 1,000 workers, which at the time was about 10 per cent of its staff.

In a press release on July 26, Tobias Lütke, chief executive officer of Shopify, said his team thought “the share of dollars that travel through e-commerce rather than physical retail - would permanently leap ahead by five or even 10 years.”

“It’s now clear that bet didn’t pay off,” Lütke said in a press release.

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Courtesy of Shopify

The Ottawa-based business said “in the first half of 2022, sales made by merchants using Shopify’s point-of-sale grew nearly 60 per cent.”

The company's website said the POS Go will cost US$399 and it’s currently available for pre-order in the United States.

The company didn’t specify when the technology will be sold in Canada.