Sunday, June 22, 2025

Latest

Shopify Reports Black Friday Sales Of $4.1 Billion On Platform

Shopify (TSX: SHOP) is claiming that its merchants set a new record on Friday for Black Friday sales.

The platform on Saturday revealed it saw a total of $4.1 billion in combined sales from businesses on its platform. The figure represents a 22% increase in sales over 2022, with sales said to have reached a peak around noon eastern time, when sales hit $4.2 million per minute.

In terms of details, the average cart size was said to be $110.71, with the US, United Kingdom, and Canada being the busiest markets. The most desired categories meanwhile were clothing, personal care, and jewelry.

Shopify’s own point of sale system meanwhile is said to have seen an increase of 33% in global sales made compared to last year.

READ: Shopify Jumps 15% After Posting Strong Q3 Revenue Growth

As a comparison to 2022, peak sales per minute last year hit $3.5 million, with peak sales oddly occurring at the exact same time of 12:01 PM eastern time. Total sales on the day amounted to $3.36 billion, while the average cart price came in at $102.31.

Shopify last traded at $96.26 on the TSX.


Information for this briefing was found via Sedar and the sources mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

2 Responses

  1. The figure represents a 22% increase in sales over 2022, with sales said to have reached a peak around noon eastern time, when sales hit $4.2 million per minute.

    Would this not be the reason for higher interest rates directed at the addiction that is seen in Canada as it seems the interest rate hikes have done little to reduce personal consumption.

    1. And the addiction, one that has negative side effects according to so many renowned scientific experts around the world and when those sentiments are echoed in similar rhetoric by the Federal Reserve and the bank Canada would it not be politically responsible to support them in raising rates in a fare more aggressive manner .

      Is there a moral superiority concerning the issue of climate change by those that publicly support higher rates ! Is it out of only self preservation that the over exstened financially decry publicly that rates are to high while trying to maintain the status quo addiction to materialism . And should those addicted be looked down upon by AI as a threat to mankind and would it not be in the best interests to force the reduction upon the underlying problem that helps perpetuate the causes and contributing cause.

      These issues are internal human problems that manifest into environmental waste making the argument by some that a digital currency might help control the addiction by way of forced compliance ,or raise the rates and hope ai does not step in and make that choice on your behalf.

Video Articles

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Shopify Employee Breaks NDA To Reveal Firm Quietly Replacing Laid Off Workers With AI

In a Twitter thread, a Shopify (TSX: SHOP) employee has broken their non-disclosure agreement (NDA)...

Thursday, July 20, 2023, 10:30:28 AM

Shopify CEO and Execs Are Personally Buying Stocks To Put Their Money Where Their Mouth Is

Founder and CEO Toby Lütke and other senior executives are personally buying Shopify (NYSE: SHOP)...

Friday, May 13, 2022, 03:08:00 PM

Shopify CEO Tobi Lütke Wants Financial Analysts To Be Held Accountable

Tobias Lütke, founder and CEO of Shopify, Inc. (TSX: SHOP), took to Twitter to ponder...

Tuesday, May 10, 2022, 04:28:00 PM

Shopify Posts US$1.20 Billion In Revenue But Misses Consensus, Announces US$2.1 Billion Acquisition Of Deliverr

Shopify Inc. (TSX: SHOP) reported today its financial results for Q1 2022, generating US$1.20 billion...

Thursday, May 5, 2022, 09:29:00 AM

Shopify Gets Shareholder Nod For 10-For-1 Split, Founder’s Perpetual 40% Voting Power

Shopify Inc. (TSX: SHOP) announced today the results of its annual shareholders’ meeting, which saw...

Wednesday, June 8, 2022, 10:57:00 AM