Shopify: More than $1,000,000 in sales per minute at the peak on Black Friday

Sales topped $1,000,000 per minute at the day’s peak

OTTAWA, Canada, 2017-Nov-27 — /EPR Retail News/ — Shopify Inc. (NYSE: SHOP) (TSX: SHOP), the leading multi-channel commerce platform, today (Nov 25, 2017) announced its over 500,000 merchants cumulatively experienced their highest Black Friday sales to date. More than $1,000,000 in sales went through the platform per minute at the peak, beating last year’s high of $555,716. The success experienced by Shopify merchants emphasizes the impact North America’s busiest shopping day can have on businesses of all sizes.

Mobile continued to grow with 66% of orders being made with a phone or tablet, up from 58% in 2016. Desktop sales accounted for the remaining 34%, down from 42% in 2016. More than 600,000 pieces of apparel, 360,000 accessories, and 210,000 houseware items were purchased from Shopify merchants in a single day.“Small businesses are the foundation of the global economy, and the impressive amount of growth we saw on Black Friday goes to show that more and more shoppers want to buy from independent entrepreneurs,” said Harley Finkelstein, COO of Shopify. “Shopify’s focus is to set up our merchants for success, especially during this busy time of year. That’s why we provide them with resources, tools and functionality to confidently grow their businesses and produce stellar shopping experiences for their customers. The results from this year propel us forward to keep making commerce better for everyone.”

Additional Insights:

    • Top Sellers: Shopify merchants in California sold the most, with New York, Texas, Florida and Utah rounding out the top five biggest sellers
    • Top Shoppers: In the U.S., consumers in California purchased the most from Shopify merchants followed by New York, Texas, Florida and Illinois
    • Shipping to Space: The total estimated distance for all Black Friday packages to be shipped surpassed 5 billion miles, farther than Pluto is from Earth
    • Thanksgiving Day Spending: Shopping started early, with more than 2,800 orders per minute occurring at the holiday’s peak

Shopify is sharing a global look at sales and trends occurring over the Black Friday and Cyber Monday weekend on its Live Data Dashboard. Check back over the weekend to get a look at worldwide sales, which states are buying the most, and more.

Shopify’s Black Friday data was based on sales experienced by its more than 500,000 businesses in 175 countries around the world on November 24, 2017. All data presented here is approximate and is based on various assumptions. All data is unaudited and is subject to adjustment.

Contact:
Telephone Inquiries:
416-238-6705 x 302

Press Inquiries:
press@shopify.com

Source: Shopify Inc.

Shopify announces winners from its first ever ‘BEASTMODE-A-Business’ competition

Leading commerce platform partnered with NFL running back Marshawn Lynch to teach entrepreneurial skills to Bay Area teens

Oakland, CA, 2017-Jul-24 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, today (July 17, 2017) announced winners from its first ever ‘BEASTMODE-A-Business’ competition, in partnership with Oakland Raiders running back Marshawn Lynch, theFam 1st Family Foundation, and Hingeto.

Based on the success of his Shopify Plus Beast Mode® apparel store, Marshawn chose to partner with Shopify to create BEASTMODE-A-Business, a one-of-a-kind, entrepreneurial readiness program for Bay Area high school students. Over the course of three days, 30 local students attended workshops and seminars at Oakland Technical High School that covered a cross-section of skills required to start a business, and had the opportunity to build their own online ecommerce stores on the Shopify platform. Content included hearing from special guest speakers on how to create a powerful brand, craft effective messaging, and other educational seminars that supported the idea that with the right tools and mindset, anyone can become an entrepreneur.  The program culminated with each student pitching their business ideas in front of family, friends, and a panel of judges which included staff and merchants from Shopify, Marshawn, and Josh Johnson, quarterback for New York Giants.

“Growing up in Oakland taught me a lot about being focused and driven, but my experience didn’t really prepare me for building my business and other aspects of my career,” shared Marshawn. “I wanted to extend what I have been able to teach kids from my neighborhood on the football field and give them more skills that empower them to believe that anything is possible.”

Simone Hufana, 17 from San Leandro high school in San Leandro, and Mathew Galvez, 17 from Abraham Lincoln high school in San Jose, were the overall winners of the ‘BEASTMODE-A-Business’ competition.  They both won free Shopify Basic for three years, an opportunity to have their pop-up store hosted by Beast Mode Apparel in Oakland, deskspace at Hingeto, AdWords and Facebook Dynamic Ads credits, design credits with a Shopify Plus expert agency, as well as on-going product design and full marketing setup support.  The final eight received free Shopify Basic for two years, KIT basic for a year, AdWords credit, and an exclusive prize package from Bold Commerce that includes unlimited use Bold Apps for a year, a comprehensive site audit and consultation ($1,000 value), and $6,000 in developer design credit.  For participating in the program, all 30 students also received free Chromebook laptops preloaded with documentation on building a Shopify store, free Shopify Basic for a year, backpacks filled with school supplies, as well as clothing from Beast Mode apparel.

“I started my first company when I was 13 years old and what I learned from that experience has shaped who I am today – both personally and professionally,” said Harley Finkelstein, COO of Shopify. “I believe that teaching these students the skills and mindset they need to start their own entrepreneurial journey is an experience that will help them throughout their lives and careers.”

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up, and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces and physical retail locations. The platform also provides merchants with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers hundreds of thousands of businesses in approximately 175 countries and is trusted by brands such as Tesla, Nestle, GE, Red Bull, Kylie Cosmetics, and many more.

About Fam 1st Family Foundation

Fam 1st Family Foundation was started in 2006, but made official in March 2011. Fam 1st strives to improve the lives of children by mentoring them on the importance of education, literacy and self-esteem. Fam 1st was founded by Joshua Johnson and Marshawn Lynch who have overcome a significant amount of adversity to become the successful businessmen and community leaders they are today. Fam 1st provides unique opportunities and programs for the youth to help them succeed in life, and has developed programming and camps focusing on computer science, architecture, literacy, entrepreneurship, and more. For more information, please visit http://fam1stfamilyfoundation.org/.

About Hingeto

Oakland based company, Hingeto is a Y-combinator backed company helping brands take inventory risk out of retail. They have two key solutions. 1) Working with brands like Marshawn Lynch’s Beast Mode to design & sell new on-demand products and 2) powering custom dropship systems for large retailers like PacSun; which they will soon release a Shopify app for.  Hingeto is a key solution for any company trying to grow its product assortment without inventory risk; which they believe is the future. Very soon Hingeto will debut their Shopify app to help stores add curated dropship products direct to their Shopify stores. Go to shopify.hingeto.com to join the waitlist.

SOURCE: Shopify

Shopify and America’s #1 Life and Business Strategist Tony Robbins partner for the 2017 Build a BIGGER Business competition

Build a BIGGER Business, an evolution of Shopify’s flagship competition, aims to elevate established small and mid-sized companies

OTTAWA, Canada, 2017-Jan-25 — /EPR Retail News/ — Shopify Inc. (NYSE: SHOP)(TSX: SHOP), the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses, is partnering with New York Times #1 best-selling author, philanthropist and America’s #1 Life and Business Strategist Tony Robbins on the 2017 Build a BIGGER Business competition, which is now open to applicants at www.shopify.com/BIGGER.

An evolution of the long-running Build a Business competition – one of the world’s biggest entrepreneurial contests – the new competition aims to equip established small and medium-sized businesses and trend-setting entrepreneurs with the resources and mentorship needed to accelerate their business dreams. The partnership with Robbins marks his second year guiding entrepreneurs using the Shopify platform.

“With the right coaching, the right tools and the right mindset, entrepreneurs can take their businesses to incredible heights,” said Robbins. “I’ve seen it firsthand at our Business Mastery events as well as through the Shopify Build a Business competition. Helping the leaders of tomorrow stretch the boundaries of what they thought was possible is a longtime passion of mine, and I’m thrilled to continue this partnership.”

Over the past six years, Shopify’s competitions have helped create over a 100,000 new businesses that have sold millions of dollars in products.

“Since the launch of the Build a Business program in 2010, we’ve seen thousands of companies start and grow successful businesses using Shopify under the tutelage of the world’s best business minds,” said Harley Finkelstein, COO at Shopify. “In keeping with tradition, we’re equally excited to watch this year’s field of competitors embark on a new journey.”

Eligibility

The competition is open to privately-held businesses in the United States, United Kingdom, Canada, Australia and New Zealand that have been in operation for one year or longer.  These businesses must already sell on the internet, migrate to or already operate on Shopify, and have 2016 sales between US$1 million and US$50 million.

How it Works

The competition kicks off this month with an open call for eligible entrants on January 19, 2017 from Robbins’ Business Mastery event, a 5-day seminar for entrepreneurs in Palm Beach.  Eligible entrants will receive coaching from mentors and experts through the Build a BIGGER Business online academy – an exclusive resource for competitors. The entrants will be assessed from March to July 2017, and those that perform the best during the course of the competition will be declared winners in eight categories: Highest Total Gross Sales Gain, Highest Percentage Growth, Best Scale Strategy, Best Marketing Strategy, Best Raving Fan Culture, The Disruptor, Tony Robbins’ Choice and Shopify’s Pick. For the Official Rules, visit www.shopify.com/build-a-BIGGER-business/rules.

The Prize

In the Fall, all winners will travel to New York to participate in an exclusive New York Stock Exchange experience, and afterwards, they will embark on a learning retreat with Robbins and other Shopify coaches at Tony’s exclusive Namale Resort and Spa – the #1 resort in Fiji. The two entrant businesses that achieve the highest growth in sales and the highest percentage growth will also receive a potentially life-changing prize, including a marketing and brand strategy campaign, a feature story with a leading business publication and 24 months’ of Shopify Plus subscription fees for free.

All participants will gain access to the exclusive Build a BIGGER Business online academy with videos, tutorials and written content.  Participants will also receive advice from official mentors, including: Tony Robbins; Daymond John (Founder & CEO, FUBU); Tim Ferriss (Investor & best-selling Author); Marie Forleo (Author, TV Host); Tom Farley (CEO, NYSE); Debbie Sterling(Founder, Goldieblox), Scott Allison (Chairman & CEO, Allison+Partners), Jean-Francois Bouchard (CEO, Sid Lee), and Harley Finkelstein (COO, Shopify).

About Shopify

Shopify is the leading cloud-based, multi-channel commerce platform designed for small and medium-sized businesses. Merchants use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations and pop-up shops. The platform also provides a merchant with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, making enterprise-level technology available to businesses of all sizes. Shopify currently powers over 325,000 businesses in approximately 150 countries and is trusted by big brands including Tesla, Red Bull, Nestle, GE, Kylie Cosmetics, and many more.

About Tony Robbins

Tony Robbins is an entrepreneur, #1 New York Times best-selling author, philanthropist and the nation’s #1 Life and Business Strategist. A recognized authority on the psychology of leadership, negotiations and organizational turnaround, he has served as an advisor to leaders around the world for more than 4 decades. Author of five internationally bestselling books, including the recent New York Times #1 best-seller MONEY: MASTER THE GAME and the soon to be released UNSHAKEABLE: YOUR FINANCIAL FREEDOM PLAYBOOK.

Source: Shopify

Harley Finkelstein named Chief Operating Officer at Shopify

Ottawa, Canada, 2016-01-13 — /EPR Retail News/ — Shopify Inc. (NYSE:SHOP)(TSX:SH) today announced that Harley Finkelstein has been named Chief Operating Officer. As Shopify’s first COO, Finkelstein will manage Corporate and Business Development, Sales, Shopify Plus, the Shopify Partner program, Shopify’s App Store, Merchant Support and all external and merchant-facing initiatives.

Finkelstein joined Shopify in 2010 to support business development and soon took on additional responsibilities. As Chief Platform Officer, Finkelstein built the Shopify Partner program, which has become a core competitive advantage for Shopify. Today, this rich ecosystem of app developers, theme designers, freelancers and agencies includes thousands of active partners that enhance Shopify’s platform and merchant base. Additionally, Finkelstein oversaw the creation and expansion of Shopify Plus to accommodate the needs of high-volume merchants such as Procter & Gamble, Tesla Motors and RedBull, all of which required a robust platform to support their large-scale businesses.

“Harley is a strong leader at the forefront of Shopify’s growth who will be taking on an even larger role in deepening our relationships with merchants, partners and the public,” said Shopify CEO, Tobi Lütke. “His relationship with Shopify dates back almost a decade as one of our first merchants, selling T-shirts while in law school. His entrepreneurial background gives him a natural understanding of our merchants and this perspective is invaluable to our business.”

“I joined Shopify at a very early stage because I was inspired by what Tobi had built, and by the idea that anyone, no matter how much money or experience they have, can build their own business using Shopify,” said Finkelstein. “I see my job as ensuring all our merchants and partners are well taken care of so the rest of the team, especially Tobi, can focus on making sure our product and technology is not only good for the 200,000+ merchants using us today, but the millions of merchants that we hope will use us one day. I’m excited to continue my journey with Shopify and to support the company’s ongoing evolution.”

Finkelstein holds a Bachelor’s degree in Economics from Concordia University and a J.D./M.B.A. from the University of Ottawa. He currently serves on the board of The C100, and is an Advisor to Felicis Ventures and Omers Ventures.

About Shopify
Shopify is a leading cloud-based, multichannel commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, marketplaces, brick-and-mortar locations, and pop-up shops. The platform also provides a merchant with a powerful back-office and a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 200,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Red Bull, LA Lakers, the New York Stock Exchange, GoldieBlox, and many more.

SOURCE: Shopify Inc.

Shopify’s Build a Business Competition winners announced; they will spend five days with Sir Richard Branson on his private island

All six winners will spend five days with Sir Richard Branson on his private island

OTTAWA, ONTARIO, 2015-7-14 — /EPR Retail News/ — Shopify Inc. (“Shopify”) (NYSE: SHOP, TSX: SH), — a leading cloud-based commerce platform, today announced the winners of its Build a Business Competition. Over the course of eight months, tens of thousands of new businesses were created, generating over 4 million orders, and resulting in more than $250 million in sales. This year’s products ranged from a GPS-enabled suitcase, to a wearable that zaps users to reduce bad habits, to an innovative mattress.

“We knew that for our fifth year, we had to go bigger and better, which is why we chose to work with Sir Richard, one of the most accomplished and inspirational entrepreneurs in the world,” said Harley Finkelstein, the Chief Platform Officer of Shopify. “We knew that the grand prize of spending a week on a private island, getting advice and mentoring from the likes of Sir Richard, Seth Godin, and Tim Ferriss, would motivate people to kickstart their ideas into actual businesses and I’m amazed at this year’s group of entrepreneurs, businesses and products.”

To be eligible in the Build a Business Competition, entrepreneurs had to start an entirely new company and sell their products using the Shopify platform. The contest ran from October 1, 2014 to May 31, 2015, and at the end of the competition, the top six stores that sold the most, over a two-month period were named the winners. The grand prize includes a trip on a private jet to Necker Island, to spend five days of mentorship with some of the biggest entrepreneurs in the world, including Sir Richard Branson, Daymond John, Tim Ferriss, Marie Forleo and Seth Godin.

Here is a summary of the six winning businesses, their innovative products, and the entrepreneurs themselves:

Leesa: David Wolfe’s goal was to tap into the lucrative mattress industry by creating a high quality but affordable mattress that could get shipped directly to the consumer. Leesa is just that — a luxury mattress for under $1,000.

Trunkster: After living out of their suitcases while travelling for business, Jesse Potash and Gaston Blanchet had an idea for a piece of luggage that was zipperless, with a built-in GPS, scale, and mobile charger. After raising $1.4 million through a Kickstarter campaign, Trunkster was born.

Shore Projects: Based in London, England, Shore Projects was founded by three serial entrepreneurs who had never designed, manufactured and sold a product before. Taking influence from the British seaside, they chose to create a watch that was a timeless, quality product that could be worn every day.

PAVLOK: After experimenting with various ways to increase productivity, Maneesh Sethi realized that there were dozens of wearables tracking behavior but not one that actually changed behavior. Based on the work of psychologist Ivan Pavlov and 80+ years of clinical research, Sethi created PAVLOK, a wearable that uses classical conditioning to break bad habits. Customers have used PAVLOK to quit smoking, nail biting, overeating, drinking, thinking negative thoughts, and more.

Little Letter Lights Co.: Based out of Adelaide, Australia, Lucy Nourse and her husband Rob wanted to start a business so that she could spend more time with their kids by working from home. She knew she wanted a product for children that was unique, safe, and affordable so she created her letter lights.

Coco White: Based out of London, England, Jonny Teeling and Will Peirce were looking to start a new business venture. They honed in on two key trends: the desire for an all natural teeth whitening product, and the concept of oil pulling. After drawing up some unique packaging designs and testing out different prices, Coco White was ready for market.

For more details on this year’s Build a Business winners, visit www.shopify.com/blog. For more information on Build a Business Competition, visit www.shopify.com/build-a-business.

About Shopify

Shopify is a leading cloud-based commerce platform designed for small and medium-sized businesses. Merchants can use the software to design, set up and manage their stores across multiple sales channels, including web, mobile, social media, brick-and-mortar locations, and pop-up shops. This provides a merchant a single view of their business. The Shopify platform was engineered for reliability and scale, using enterprise-level technology made available to businesses of all sizes. Shopify currently powers over 165,000 businesses in approximately 150 countries, including: Tesla Motors, Budweiser, Wikipedia, LA Lakers, GoldieBlox, and many more.