BigCommerce data suggests solid start to BFCM weekend sales

BigCommerce merchants experienced higher Thanksgiving Day and Black Friday gross merchandise value (GMV) this year than last year.

The tech company’s data showed that BigCommerce sellers saw a 14 per cent increase in GMV on Thanksgiving Day as total orders rose 5 per cent year on year and an 8 per cent growth in the average order value based on a same-store basis, while the broader global online industry saw just a 1 per cent increase year on year, according to Salesforce.

Meanwhile, Black Friday GMV climbed 6 per cent as total orders jumped 5 per cent and average order value increased 1 per cent.

“On Thanksgiving Day and Black Friday, BigCommerce customers grew sales 9 per cent relative to the same days last year on a same-store basis, which is higher than industry-wide US e-commerce growth through the first three quarters of the year,” said Brent Bellm, CEO at BigCommerce.

“We attribute the above-average performance of BigCommerce merchants to our platform’s leading enterprise capabilities, performance and strong sitewide conversion rates.”

The National Retail Federation (NRF) forecasts a 3 per cent to 4 per cent increase in FY23 US holiday sales to between $957.3 billion and $966.6 billion.

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