Shopify Merchants Generate Record Sales of $5.1 Billion Over Holiday Weekend
In a press release Tuesday, Shopify (NYSE: SHOP) said that merchants on its e-commerce platform broke records, generating $5.1 billion in holiday sales between Black Friday and Cyber Monday. This represented an increase of 76% year over year. Shopify said it surpassed the $2.9 billion record it set in 2019 by 5:00 p.m. on Saturday, Nov. 28, 2020.
That wasn't the only record to fall so far this holiday season. Shopify said the shopping season started earlier than in previous years, with sales accelerating over the 19 days leading up to Cyber Monday. Additionally, during the week from Nov. 23 to Nov. 30, sales jumped an impressive 84% compared to the prior-year period.
Image source: Getty Images.
Source Fool.com
