- Shopify Inc. (TSX:SHOP) (NYSE:SHOP) announced a Black Friday record with a combined $4.1 billion in sales from businesses worldwide
- The provider of internet infrastructure for commerce claimed that that its merchants drove a 22 per cent increase in sales over last year
- Shopping peaked when collective sales reached $4.2 million per minute at 12:01 p.m. ET on Friday
- Shopify shares last traded at C$96.26
Shopify Inc. (TSX:SHOP) (NYSE:SHOP) announced a Black Friday record with a combined $4.1 billion in sales from businesses worldwide.
The provider of internet infrastructure for commerce claimed that its merchants drove a 22 per cent increase in sales over last year. Shopping peaked when collective sales reached $4.2 million per minute at 12:01 p.m. ET on Friday.
Black Friday highlights from Shopify merchants
- Most popular product categories: clothing, personal care, and jewelry.
- Average cart price: $110.71 ($110.08 on a constant currency basis)
- Top selling countries: U.S., U.K. and Canada
- Top selling cities: Los Angeles, New York and London
- 15 per cent of total orders were made across borders
- 33 per cent year-over-year increase in global sales made on Shopify POS
“Another epic, record-breaking Black Friday in the books for Shopify merchants,” Harley Finkelstein, president of Shopify, said in a news release Saturday. “The world showed up for our merchants, and the excitement is only building, with Cyber Monday still to come.”
The sales data is based on gross merchandise volume (GMV) by Shopify merchants around the world from Nov, 23 to Nov. 25. The company is keeping real-time holiday shopping data among its merchants globally on its Black Friday-Cyber Monday Live Globe.
Shopify is a global commerce company that provides essential internet infrastructure for commerce, offering trusted tools to start, scale, market, and run a retail business of any size. Shopify powers millions of businesses in more than 175 countries and is used by such brands as Mattel, Gymshark, Heinz, FTD, Netflix, Kylie Cosmetics, SKIMS and Supreme.
Shopify shares last traded at C$96.26 and the stock is up 95.73 per cent over the past year.
Join the discussion: Find out what everybody’s saying about this stock on the Shopify Inc. Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.