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Tag: Cyber Monday

Shopify Merchants Cash In Record $5.1+ Billion in Holiday Sales Worldwide
News

Shopify Merchants Cash In Record $5.1+ Billion in Holiday Sales Worldwide

OTTAWA, Ontario, 1st December 2020-- Shopify Merchants cash in $5.1+ billion in global sales of Black Friday through Cyber Monday. The total sales grew by 76% from the $2.9+ billion reported for Black Friday/Cyber Monday weekend in 2019. In this record-setting weekend, shopify retailers daily total sales increasing 19 days before Cyber Monday, nearly two weeks earlier than previous years. In fact, in the week leading up to Cyber Monday, from November 23 through November 30, sales increased by 84% from 2019. “This has been a transformative year for commerce globally,” said Harley Finkelstein, President of Shopify. “The record sales we saw on Shopify over Black Friday/Cyber Monday weekend demonstrate the power of the independent and direct-to-consumer businesses on our platform. With ...
US Online Sales Set to Hit New Record on ‘Cyber Monday’
USA

US Online Sales Set to Hit New Record on ‘Cyber Monday’

US online sales are set to hit a new record on this week's 'Cyber Monday', Adobe Analytics said, as e-commerce outlets gear up to lure shoppers in the opening days of the holiday season. Internet purchases are expected to reach USD 9.4 billion, a jump of nearly 19 percent over last year's record-setting USD 7.9 billion take, according to a Sunday estimate from the company, which measures transactions from 80 of the 100 largest US online retailers. US merchants have long viewed the days after the Thursday Thanksgiving holiday as a prime time to part shoppers from their money, particularly during the 'Black Friday' sales following the holiday. This year's expected record-setting shopping comes as Price Waterhouse Cooper found for the first time that a majority of people surveyed sa...