Shopify news and archive

Record-breaking Black Friday, Cyber Monday sales with Shopify merchants reaching 9.3 billion dollars

Shopify has reported a record-breaking Black Friday, Cyber Monday weekend, with global sales reaching 9.3 billion dollars from independent businesses worldwide - a 24 percent surge compared to 2022. London emerged as one of the top three highest-selling cities globally for Shopify merchants during this period. In the UK, in-store spending saw a...

Retail

Shopify vendors set new Black Friday record, taking 4.1 billion in sales

Shopify merchants have set an unprecedented Black Friday record, collectively generating an impressive 4.1 billion dollars in sales, marking a substantial 22 percent increase over the previous year. The shopping frenzy peaked at 12:01 p.m. EST on Friday, with a staggering 4.2 million dollars in sales per minute. Harley Finkelstein, President of...

Retail

UK shoppers allocating more funds for Black Friday 2023 vs previous years, says report

Consumers worldwide are ready to spend on Black Friday Cyber Monday (BFCM) weekend, according to data from the Shopify BFCM 2023 Report. The report, which is derived from surveys of over 2,000 consumers and 1,000 SMBs in the UK, alongside global responses from 12,000 consumers and nearly 5,000 businesses across six nations, indicates that...

Business

Shopify and WPP join forces to help brands scale

Global marketing and communications company WPP has unveiled a strategic partnership with e-commerce giant Shopify to harness the power of its platform for enterprise clients. The collaboration aims to co-develop products, combining WPP's vast network of over 13,500 commerce experts with Shopify's platform to assist ambitious brands in achieving...

Business

Shopify becomes shareholder in wholesale marketplace Faire

As part of a new global partnership between the duo, commerce developer Shopify has become a shareholder in Faire, making the B2B retail marketplace the recommended wholesale platform for Shopify merchants. The move to become a shareholder reflects the long-term commitment Shopify is making towards the partnership, which will expand on its B2B...

Retail

Amazon and Shopify strengthen logistics partnership with new features

Amazon and Shopify are strengthening their logistics partnership, with US-based merchants able to utilise Amazon's fulfilment network to incorporate the "Buy with Prime" feature into their Shopify Checkout, facilitated by Shopify Payments. For the first time, Shopify merchants will have the flexibility to present their products to Prime members...

Business

Shopify Q2 GMV up 17 percent

Canadian e-commerce giant Shopify has reported robust gross merchandise volume (GMV) and revenue growth in the second quarter. In the three months to June 30, GMV increased 17 percent to 55 billion dollars, while revenue rose 31 percent to 1.7 billion dollars. Shopify president Harley Finkelstein said in a statement: “Our business momentum has...

Retail

Shopify launches first AI-powered commerce assistant

E-commerce provider Shopify has announced a wide array of updates in its Summer '23 Edition, with AI at its core. In a statement the company said the primary focus of these updates is to empower merchants with heightened productivity, creativity, and capabilities, marking the dawn of a new era in commerce. Among the highlights of the Summer '23...

Retail

Shopify extends Shop Pay to enterprise retailers

In response to demand from enterprise retailers, Shopify’s Shop Pay is being made accessible to e-commerce businesses not using the Shopify platform. By transforming Shop Pay into a commerce component, enterprise customers can add the feature without the need to completely replace their exisiting commerce infrastructure. The offering is...

PeopleFeatured

Shopify eyes European growth, appoints new EMEA leaders

Ecommerce platform Shopify is investing in its European growth strategy with two new appointments. The Canadian tech firm announced it appointed Deann Evans as Managing Director, EMEA, and Birk Angermann as Head of Revenue, EMEA, to drive growth in the region and provide better support to its merchants and partners. EMEA currently accounts for...

Business

Report: Superdry in talks to outsource e-commerce operations to Shopify

UK fashion retailer Superdry is reportedly in talks to outsource its online operations to Canadian e-commerce giant Shopify amid an ongoing cost cutting drive. Superdry, which has been working to streamline its operations recently in an effort to return to profitability, has been holding talks with third-party providers over its e-commerce...

Business

UK ranks fourth globally in Shopify Entrepreneurship Index

UK entrepreneurs within Shopify's ecosystem generated 28.8 billion pounds in business activity and contributed 14.3bn pounds to GDP in 2022. The index, conducted in partnership with Deloitte, offers real-time insights into entrepreneurship and is based on data from millions of entrepreneurs and IMF, OECD, and World Bank data. UK businesses grew...