PETAH-TIKVA, Israel, Dec. 3, 2024
/PRNewswire/ -- Global-e (NASDAQ: GLBE), the platform powering
global direct-to-consumer e-commerce, announced today record
high sales, over Black Friday-Cyber Monday (BFCM) weekend, with
a 43% increase compared to the previous year.
Many markets around the world experienced a year-on-year
increase in sales over the 2024 BFCM weekend, including
Germany, France, United
Kingdom, Canada,
United States, United Arab Emirates, Japan, and Australia, reflecting the growing global
nature of BFCM.
Global e-commerce shopping surged through November, with sales
momentum building as early as the second week of the month,
mirroring the early uptick in sales observed during the equivalent
period last year. Promotions ran throughout the month, culminating
in a high volume of transactions over the BFCM weekend. E-commerce
sales through the Global-e platforms during the promotional season,
starting two weeks prior to and including BFCM weekend, grew by 45%
(even stronger than BFCM weekend growth) compared to the equivalent
period last year. This highlights the growing importance of
promotions leading up to BFCM weekend.
Black Friday (accounting for 33% of total BFCM weekend sales)
outperformed Cyber Monday (23% of total BFCM weekend sales) as the
top sales day for Global-e merchants over the BFCM weekend.
"By engaging global online consumers year-round in a localized
manner, brands are fostering trust and driving sales before the
holiday shopping season officially begins, while also achieving
outstanding results during the BFCM weekend itself," said
Nir Debbi, President of Global-e.
"Moreover, merchants that have extended domestic promotions to
global shoppers have seen a more significant uplift in global
sales, as BFCM becomes an increasingly widespread shopping season,
not just for domestic shoppers, but also for shoppers around the
world."
About Global-e
Global-e (NASDAQ: GLBE) is the world's leading platform enabling
and accelerating global, Direct-To-Consumer e-commerce. The chosen
partner of over 1,000 brands and retailers across the United States, Europe and Asia, Global-e makes selling internationally
as simple as selling domestically. The company enables merchants to
increase the conversion of international traffic into sales by
offering online shoppers in over 200 destinations worldwide a
seamless, localized shopping experience. Global-e's end-to-end
e-commerce solutions combine best-in-class localization
capabilities, big-data best-practice business intelligence models,
streamlined international logistics and vast cross-border
experience, enabling international shoppers to buy seamlessly
online and retailers to sell to, and from, anywhere in the world.
For more information, please visit: www.global-e.com.
Global-e Media Contact
Sarah Schloss
Headline Media
sarah.schloss@headline.media
+1 914 506 5104
Global-e Investor Contact
Erica Mannion or Mike Funari
Sapphire Investor Relations, LLC
IR@global-e.com
+1 617-542-6180
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