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

1Dec By AdityaNo Comments

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 t...

Shopify to Acquire Warehouse Firm 6 River Systems For $450 Million

17Sep By PriyankaNo Comments

ACQUISITION

Shopify to Acquire Warehouse Firm 6 River Systems For $450 Million

OTTAWA, Canada & WALTHAM, MA 17th September 2019- Shopify the leading multi-channel ecommerce platform looking to acquire warehouse firm 6 River Systems. Shopify will acquire all of 6 River Systems’ outstanding securities in a transaction valued at approximately USD$450 million, consisting of approximately 60% in cash and 40% in Shopify Class A Subordinate Voting Shares. Included in this amount are Shopify Class A shares and options valued at approximately $69 million that will be issued to 6 River Systems’ founders and employees that will vest subject to certain conditions and will be treated as stock-based compensation. In June, Shopify introduced the Shopify Fulfillment Network, a powerful and trusted fulfillment network that will ensure timely deliveries, lower shipping co...

Shopify Launched its First eCommerce Report

11Jun By AnkitaNo Comments

ANALYSIS

Shopify Launched its First eCommerce Report

Ottawa, Ontario, Canada: Shopify Inc, the leading multi-channel commerce platform released its first global State of Commerce report with insights on what's driving direct-to-consumer (DTC) commerce and buying behavior. Over the last year, the retail industry has experienced tremendous disruption, and within this changed retail landscape, customers and merchants have found new opportunities to buy and sell goods. “It’s our mission to make commerce better for everyone, and we developed this report to share global insights that can help merchants better understand the needs of their customers,” said Harley Finkelstein, Chief Operating Officer, Shopify. “At Shopify, we’re inspiring the next wave of independent business owners with the tools and insights they need to succeed. We'll cont...

23Mar By PriyankaNo Comments

News

Shopify and Mailchimp Partnership comes to an end

The leading newsletter sharing platform Mailchimp decided to end a partnership with Shopify due to Shopify's new policy of data sharing. In its statement Mailchimp said, "Yesterday, we asked Shopify to remove the Mailchimp for Shopify integration from their marketplace. We made this decision because Shopify released updated terms that would negatively impact our business and put our users at risk." The Atlanta based company said that the data-sharing provisions of the new terms are set to take effect on May 12, when the data sharing provisions of Shopify’s new terms take effect. According to the media reports, Shopify wants to control which providers their partners work with and how they conduct their business. The MailChimp integration will no longer available on Shopify ap...