PETAH-TIKVA, Israel,
Dec. 1, 2023 /PRNewswire/
-- Global-e (NASDAQ: GLBE), the world's leading platform
enabling and accelerating global, direct-to-consumer cross-border
e-commerce, announced today a record 53%
increase in sales over Black Friday Cyber Monday (BFCM)
weekend from the previous year.
YoY increase in sales over the 2023 BFCM weekend was seen across
many markets worldwide. Standout markets include: United Kingdom, United States, Canada, Italy, France, Mexico, Australia, Japan and Saudi
Arabia.
Cross-border e-commerce shopping peaked throughout November,
with an uptick in sales beginning already in the 2nd
week of the month, earlier than the promotions and uptick started
last year. Promotions continued throughout the month, leading to a
peak in trading over the Black Friday weekend. The e-commerce sales
made via Global-e's platform in November almost doubled compared to
October. This is significantly higher than the uptick for the same
period last year, indicating shoppers' stronger focus on
promotions.
Black Friday itself (34% of total BFCM weekend sales) maintained
an edge over Cyber Monday (22% of total BFCM weekend sales) as the
strongest day for Global-e merchants during the BFCM weekend
period.
"As we reflect on the numbers, it's evident that the global
e-commerce market experienced strong growth, leading up to and
during the Black Friday/Cyber Monday weekend," says Nir Debbi, Co-founder and President of Global-e.
"In fact, the surge in sales we saw started earlier, gaining
momentum towards Black Friday, as shoppers across the globe eagerly
embraced promotions initiated earlier in the month."
About Global-E Online Ltd.
Global-e (Nasdaq: GLBE) is the world's leading platform enabling
and accelerating global, Direct-To-Consumer cross-border
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.
Cautionary Note Regarding Forward Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the U.S. Private Securities Litigation Reform Act of 1995,
including statements or information regarding Global-e's
expectations, assumptions, and beliefs regarding future events and
business performance. These forward-looking statements may be
identified by the words "believe," "project," "expect,"
"anticipate," "estimate," "intend," "strategy," "future,"
"opportunity," "plan," "may," "should," "will," "would," "will be,"
"will continue," "will likely result," and similar expressions.
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Global-e believes there is a reasonable basis
for its expectations and beliefs, but they are inherently
uncertain. Many factors could cause actual future events to differ
materially from the forward-looking statements in this
announcement, including but not limited to, market conditions,
competition, technological developments, regulatory changes,
economic conditions, and the other risks and uncertainties
described in Global-e's Annual Report on Form 20-F for the year
ended December 31, 2022, filed with
the SEC on March 31, 2023 and other
documents filed with or furnished by Global-e from time to time
with the Securities and Exchange Commission (the "SEC"). The
foregoing list of factors is not exhaustive. You should carefully
consider the foregoing factors. These and other important risks and
uncertainties could cause actual events and results to differ
materially from those contained in the forward-looking statements.
These statements reflect management's current expectations and
speak only as of the date of this press release. Readers are
cautioned not to put undue reliance on forward-looking statements
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee that
future results, levels of activity, performance and events and
circumstances reflected in the forward-looking statements will be
achieved or will occur. Except as required by applicable law, we
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise, after the date on which the statements
are made or to reflect the occurrence of unanticipated events.
Investor Contact:
Erica
Mannion or Mike Funari
Sapphire Investor Relations, LLC
IR@global-e.com
+1 617-542-6180
Press Contact:
Headline Media
Garrett Krivicich
Globale@headline.media
+1 786-233-7684
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