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Shopify’s merchants see record BFCM sales of $9.3 billion, but stock pulls back

Clyde Edgerton by Clyde Edgerton
November 28, 2023
in Markets
Shopify’s merchants see record BFCM sales of .3 billion, but stock pulls back
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Shares of Shopify Inc. SHOP fell 1.2% in premarket trading Tuesday, to pull back from the previous session’s 20-month closing high, even as the e-commerce software company said its retail merchants enjoyed record sales over the Black Friday-Cyber Monday weekend. Shopify said BFCM sales at its merchants totaled $9.3 billion, up 24% from a year ago. The company said more than 61 million consumers bought from its merchants globally from early Friday to late Monday, with sales-per-minute reaching a peak of $4.2 million at 12:01 p.m. Eastern on Friday. The average cart for the weekend was $108.12, which was down from $110.71…

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