Source: Shopify Inc.
Market Herald logo


Be the first with the news that moves the market
  • 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.

More From The Market Herald

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.
First Hydrogen Corp. - CEO of Automotive, Steve Gill.

" First Hydrogen (TSXV:FHYD) unveils next gen FCEV images

First Hydrogen (FHYD) has received the initial Generation II images for its hydrogen fuel cell vehicle (FCEV), designed in collaboration with EDAG Group.
The Tugaske Project.

" Gensource Potash (TSXV:GSP) closes non-brokered private placement

Gensource Potash Corporation (GSP) has closed its previously announced non-brokered private placement of units and flow-through common shares.