[August 01, 2017] |
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Shopify Now Powers Over 500,000 Businesses in 175 Countries
Shopify Inc. (NYSE:SHOP)(TSX:SHOP), the leading multi-channel commerce
platform, today announced it now powers more than 500,000 businesses in
175 countries around the world. Since 2012, the number of merchants on
the Shopify platform has grown annually at an average rate of 74%, and
these merchants have achieved over $40 billion dollars in sales.
From Bangladesh to Brooklyn, Shopify's growing community of
entrepreneurs includes makers, creators and innovators, from students
trying to pay for school to merchants who have scaled from first sale to
seven-figure businesses. Shopify has always strived to take the path
that leads to more entrepreneurs by designing its platform to remove the
technical, operational, and financial barriers to enable anyone anywhere
to build, grow, and scale a business.
"Through our platform, over half a million entrepreneurs have turned
their dreams into reality," said Tobi Lütke, Founder and CEO, Shopify.
"Entrepreneurship is the foundation of the global economy and it's not
easily done alone. That's why our mission has always been to make
commerce better for everyone to encourage anyone, anywhere to become an
entrepreneur."
The Network Effect of 500,000 Merchants
Merchant Demographic Breakdown:
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Merchant growth in Q2 year over year was global, with a 56% increase
in North America, 82% increase in Asia, 168% increase in South
America, and 70% increase in Africa
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More than 1.2 million people are actively using the Shopify backend
platform
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Today, more women entrepeneurs than men have built their businesses
on Shopify, at 52% and 47% respectively, with 1% other
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Average age of Shopify merchants: 18 - 24 (7.3%); 25 - 34 (37.5%); 35
- 44 (30.0%); 45+ (24.9%)
Merchant Success:
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131 million people have bought from Shopify stores in the last 12
months
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Shopify merchants generated sales of over $100,000 per minute during
Black Friday (News - Alert) and Cyber Monday of last year
Third-party Partner Ecosystem:
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Shopify's third-party partner ecosystem, made up of creative agencies,
freelance designers and developers, digital marketers, photographers,
SEO specialists and brand strategists, generated an estimated $430M in
revenue in 2016
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Developers have published over 1,800 apps in the Shopify App Store
with over 7M installs to date
As the retail landscape continues to evolve, Shopify is committed to
helping current and future merchants adapt and create seamless shopping
experiences. By interweaving tools like mobile, analytics, and
innovative products with marketing and customer service, Shopify is
shaping the future of commerce both online and offline.
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 over half a million businesses in
approximately 175 countries and is trusted by brands such as Tesla,
Nestle, GE, Red Bull, Kylie Cosmetics, and many more.
Forward-looking Statements This press release contains
forward-looking information and forward-looking statements within the
meaning of applicable securities laws ("forward-looking statements"),
including statements with regard to Shopify's operating and growth
strategy. Words such as "expects", "anticipates" and "intends" or
similar expressions are intended to identify forward-looking statements.
These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions and no
assurance can be given that the launch will occur as planned. Shopify
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by law.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170801005542/en/
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