Shopify Merchants Experience Record-Breaking Sales on Black Friday

08:55 11/25/2017

Shopify, Inc. [NYSE: SHOP] +1.40 (+1.27%) merchants experienced a financial windfall on Black Friday that saw them rake in $1,000,000 in sales per minute at peak times. Shopify is the leader in multi-channel commerce platforms, and this year’s per minute peak total eclipsed last year by a staggering $450,000. Mobile sales were primarily response for the uptick, with 66 percent of orders being made through a tablet or phone (up from 58 percent in 2016). In total, more than 600,000 pieces of apparel, 360,000 accessories and 210,000 houseware items were sold via Shopify merchants on the busiest shopping day of the year.

“Small businesses are the foundation of the global economy, and the impressive amount of growth we saw on Black Friday goes to show that more and more shoppers want to buy from independent entrepreneurs,” said Harley Finkelstein, COO of Shopify. “Shopify’s focus is to set up our merchants for success, especially during this busy time of year. That’s why we provide them with resources, tools and functionality to confidently grow their businesses and produce stellar shopping experiences for their customers. The results from this year propel us forward to keep making commerce better for everyone.”

Merchants in California experienced the most sales, while New York, Texas, Florida and Utah followed as the biggest sellers in the nation. Regarding states with the most shoppers, California once again took the top spot, with New York, Texas, Florida and Utah completing the top five. Shopify’s reach extends well past domestic borders, as they currently support 500,000 businesses in nearly 175 countries. Red Bull, Nestle, GE, Kylie Cosmetics and countless others are all powered by the Shopify platform.

Shopify is the global leader in cloud-based multi-channel commerce platforms, and they are dedicated to simplifying operations for small and medium-sized businesses. Shopify software allows merchants to design, set up and manage stores across multiple sales channels, from the Web to brick-and-mortar. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and brick-and-mortar locations.0

This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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