Saturday, November 27, 2021

Shopify Continues To Impress

Shopify (SHOP) announced a record-setting Black Friday with sales of nearly $2.9B from the start of Black Friday in New Zealand through the end of Black Friday in California. This was a 21% increase over Black Friday in 2020 when sales by Shopify merchants surged 75% over 2019 driven by COVID-19 lockdowns. Hard to match the pandemic growth but still a good bet for growth over the next decade.