VTEX Announces Robust Performance During 2021 Holiday Shopping Kick-Off
VTEX reported a significant increase in Gross Merchandise Value (GMV) during November 2021, reaching US$1.3 billion, a 17% rise over November 2020. This performance nearly tripled the GMV from November 2019, with a two-year compound annual growth rate (CAGR) of 63%. The number of orders increased by 25% year-over-year, reflecting a growing trend in online shopping. Notable growth was observed in beauty, health, grocery, and apparel sectors across 32 countries. VTEX is well-positioned to leverage trends in social selling and conversational commerce.
- November 2021 GMV reached US$1.3 billion, a 17% increase year-over-year.
- GMV nearly tripled compared to November 2019, with a two-year CAGR of 63%.
- Orders increased by 25% year-over-year, indicating strong consumer engagement.
- Significant growth in verticals: beauty & health (53%), grocery (41%), and apparel (26%).
- Enabled 1.4 million consumer orders globally on Black Friday, peaking at 1,867 orders per minute.
- None.
The opening of this year's shopping season is marked by an increase in Gross Merchandise Value and higher number of orders.
This November,
"VTEX’s November performance confirmed that while the pandemic accelerated ecommerce growth, the trend is here to stay and is gaining further momentum," says
-
November sales reached the highest peak on Black
Friday, November 26 , at7:00 pm ET , when VTEX’s customers registered over 1,867 orders per minute. -
VTEX enabled 1.4 million consumer orders globally from their preferred brands and retailers during Black Friday 2021. -
Total number of orders among
VTEX customers increased25% year-over-year in November, 2.6 times the volume of 2019. -
VTEX GMV nearly tripled overNovember 2019 , resulting in a two-year CAGR of63% . -
Top five countries that saw the highest GMV increases were
Brazil ,Argentina ,Peru ,Mexico , andItaly . -
GMV generated by
VTEX customers’ proprietary marketplaces more than doubled year-over-year, leveraging VTEX’s native marketplace, order management, omnichannel capabilities coupled with a powerful ecosystem that offer connected and complete digital commerce experiences.
About
*Figures as of FY ended on
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 commerce trends. 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 these trends will continue.
All data presented here (including worldwide sales) is approximate and is based on various assumptions. All data is unaudited and is subject to adjustment. All growth rates presented are FX neutral.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005450/en/
VTEX IR Contact
Investor Relations Director
investors@vtex.com
Source:
FAQ
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