Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Shopify merchants hit record $11.5 billion in Black Friday-Cyber Monday sales

admin by admin
December 3, 2024
in Stock
0
Shopify merchants hit record $11.5 billion in Black Friday-Cyber Monday sales
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

NEW YORK – Shopify Inc . (NYSE:SHOP), a commerce technology company, reported that its merchants saw a record-breaking $11.5 billion in sales during the Black Friday-Cyber Monday (BFCM) weekend, marking a 24% increase from the previous year.

The sales surge began in New Zealand early Friday and continued until late Monday in California, with over 76 million customers worldwide purchasing from Shopify-powered brands. The peak of the shopping event occurred at 12:01 PM EST on Black Friday, when sales hit $4.6 million per minute.

Shopify’s President Harley Finkelstein commented on the success, highlighting the transformation of Black Friday into a global event where businesses of all sizes can participate. He emphasized Shopify’s role in amplifying the entrepreneurial spirit and celebrating merchant achievements on a global scale.

Key statistics from the BFCM weekend include:

  • A total of $11.5 billion in global sales from Shopify merchants.
  • Over 76 million consumers worldwide made purchases from Shopify-powered brands.
  • More than 16,500 entrepreneurs recorded their first sale on the platform.
  • A record number of merchants, exceeding 67,000, experienced their highest-selling day on Shopify.
  • The most popular product categories were Clothing Tops, Cosmetics, Fitness & Nutrition, Pants, and Activewear.
  • The average cart size was $108.56, with the top-selling countries being the US, UK, Australia, Canada, and Germany.
  • Cross-border orders accounted for 16% of all global orders.
  • A significant increase in the use of Shop Pay, with a 58% rise in sales processed through the payment method.

Additionally, Shopify’s technical infrastructure handled substantial data traffic throughout the weekend. The company processed 57.3 petabytes of data, handled 1.19 trillion edge requests, and performed 10.5 trillion database queries and 1.17 trillion database writes. On Black Friday alone, Shopify’s systems managed 284 million requests per minute at the edge and over 80 million on app servers, pushing 12TB of data per minute.

This year’s BFCM event not only showcased the robust sales performance of Shopify merchants but also demonstrated the company’s technological reliability and capacity to handle peak online shopping periods. The information provided is based on a press release statement from Shopify Inc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

Previous Post

Raytheon secures $1.3 billion F-35 engine support contract

Next Post

UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal

admin

admin

Next Post
UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal

UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal

Trending News

There are indications the “Trump trade” has commenced, BCA Research says

There are indications the “Trump trade” has commenced, BCA Research says

October 26, 2024
Top 4 defensive stocks to buy and hold ahead of Liberation Day

Top 4 defensive stocks to buy and hold ahead of Liberation Day

March 30, 2025
T-Mobile falls 6% on lagging phone subscriber growth; analysts acknowledge market strength but say TMUS is overvalued

T-Mobile falls 6% on lagging phone subscriber growth; analysts acknowledge market strength but say TMUS is overvalued

April 25, 2025
Subscribe to Insightful Word


    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025
    Starbucks shares slip after Jefferies downgraded the stock

    Starbucks shares slip after Jefferies downgraded the stock

    July 17, 2025
    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    July 17, 2025

    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025

    Latest News

    • Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports
    • Oracle stock price has surged, but beware of key risks
    • Starbucks shares slip after Jefferies downgraded the stock

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.