Shopify shattered its Black Friday-Cyber Monday (BFCM) sales record, reporting $11.5 billion USD in merchant sales—a 24% increase from last year’s $9.3 billion. Over 76 million consumers shopped globally, with Shopify’s Shop Pay usage up 58% year-over-year. Canadian merchants averaged $199.60 CAD per cart, surpassing global averages, while point-of-sale sales in Canada grew 32%.
The record-setting weekend occurred despite Shopify’s warning that the Canada Post strike could “devastate” small businesses. Shopify called for federal intervention last week, but the strike continues, costing SMBs $765 million, according to CFIB. Shopify’s performance reaffirms its resilience amid economic challenges.
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