- Shopify (SHOP) announced a record-setting Black Friday with sales of $3.36 billion worldwide, a 17 per cent increase over last year
- Peak sales per minute: US$3.5 million on Black Friday at 12:01 PM EST
- The average cart price was US$102.31
- Shopify offers an e-commerce platform primarily to small and midsize businesses
- Shopify Inc. (SHOP) opened trading at C$36.79
Shopify (SHOP) announced a record-setting Black Friday with sales of $3.36 billion from independent and direct-to-consumer businesses worldwide.
This marks a 17 per cent increase in sales over last year’s Black Friday. At its peak, Shopify merchants collectively saw sales of $3.5 million per minute at 12:01 PM EST on Black Friday.
Harley Finkelstein, President of Shopify, commented on the news.
“Black Friday Cyber Monday has grown into a full-on shopping season. The weekend that started it all is still one of the biggest commerce events of the year, and our merchants have broken Black Friday sales records again. Our merchants have built beloved brands with loyal communities that support them. This weekend, we’re celebrating the incredible power of entrepreneurship on a global stage.”
2022 Black Friday global highlights:
- Peak sales per minute: US$3.5 million on Black Friday at 12:01 PM EST
- Top-selling countries and cities where shoppers made purchases include the United States, United Kingdom and Canada, with the top-selling cities on Black Friday including London, New York, and Los Angeles
- Top product categories: Apparel & accessories, followed by health & beauty, and home & garden
- Average cart price: US$102.31
- 15 per cent: Cross-border orders worldwide on Black Friday as a percentage of total orders
- 27 per cent: Growth in POS sales made by Shopify merchants globally over last year’s Black Friday
Shopify is a provider of internet infrastructure for commerce, offering tools to market and manage a retail business of any size. Founded in Ottawa, Shopify powers millions of businesses in more than 175 countries.
Shopify Inc. (SHOP) opened trading at C$36.79.