VTEX Announces Robust Performance During 2021 Holiday Shopping Kick-Off

NEW YORK, Dec. 08, 2021 (GLOBE NEWSWIRE) -- VTEX (NYSE: VTEX), the enterprise digital commerce platform for the largest brands and retailers, today announced its robust performance during the 2021 holiday shopping kick-off, which includes Black Friday and Cyber Monday. The results demonstrate the company’s ability to provide a scalable and reliable platform for its customers during peak sales periods.

“Our customers’ success during the holiday shopping season is a testament to the power of our platform and the dedication of our team,” said Mariano Gomide de Faria, founder and co-CEO of VTEX. “We are proud to enable our customers to deliver exceptional shopping experiences to their consumers, even during the most demanding times.”

VTEX’s platform processed a record-breaking volume of orders and Gross Merchandise Volume (GMV) during the holiday shopping kick-off. The company’s customers experienced significant growth in sales, with many reporting double-digit increases compared to the previous year.

“The holiday season is a critical time for retailers, and we are thrilled to see our customers achieve such impressive results,” said Astha Malik, Chief Operating Officer at VTEX. “Our focus on innovation and customer success has allowed us to build a platform that can handle the demands of modern commerce and help our customers thrive in a competitive landscape.”

VTEX’s robust performance during the 2021 holiday shopping kick-off highlights the company’s position as a leading provider of enterprise digital commerce solutions. With its scalable platform, comprehensive features, and commitment to customer success, VTEX is well-positioned to continue its growth trajectory and help its customers succeed in the evolving world of digital commerce.

“The results from the holiday shopping kick-off further validate our strategy of investing in a composable and complete commerce platform that empowers our customers to innovate and grow,” concludes Faria. VTEX is well positioned to capitalize on social selling and conversational commerce trends, both modern consumer experience concepts that are driving long term growth in the industry. During November, the Company saw an increase in interest and adoption of both trends, which has helped improve consumers' shopping experiences all over the world. VTEX November 2021 Highlights: November sales reached the highest peak on Black Friday, November 26, at 7:00 pm ET, when VTEX’s customers registered over1,867 orders per minute. VTEX enabled1.4 millionconsumer orders globally from their preferred brands and retailers during Black Friday 2021. Totalnumber of ordersamong VTEX customers increased25%year-over-year in November,2.6 timesthe volume of 2019. VTEXGMV nearly tripledover November 2019, resulting in a two-year CAGR of63%. Top five countries that saw the highest GMV increases were Brazil, Argentina, Peru, Mexico, and Italy. GMV generated by VTEX customers’ proprietary marketplacesmore than doubledyear-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 VTEX VTEX (NYSE: VTEX) provides a software-as-a-service digital commerce platform for enterprise brands and retailers. Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders across channels, and creating marketplaces to sell products from third-party vendors. Founded in Brazil, we have been a leader in accelerating the digital commerce transformation in Latin America and are expanding globally. Our platform is engineered to enterprise-level standards and features. We are trusted by more than 2,000 customers with over 2,500 active online stores across 32 countries, who rely on VTEX to connect with their consumers in a meaningful way*. *Figures as of FY ended on Dec. 31st, 2020 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. VTEX 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. 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. Press Contacts - For VTEX [email protected] We kindly thank you for writingVTEXcorrectly, all in uppercase, no matter if it appears at the beginning, middle, or end of a sentence. Get in touch If you didn't find what you need, feel free to contact us. Releases Ready to reach new commerce heights? Talk to our Sales team and discover how VTEX's composable and complete solution can revolutionize your digital strategy and unlock your full potential. Get tailored advice for your specific business needs. Learn which products are right for you. Request a demo. Get pricing details. Facing technical issues? Leading brands adopted VTEX's headless and composable approach Commerce Platform Order Management System VTEX Sales App Marketplace & Seller Management Pick and Pack VTEX Data Pipeline VTEX Live Shopping VTEX Shield VTEX IO B2C Commerce B2B Commerce Omnichannel Solution Ecommerce Marketplace Headless Commerce Become a partner Lengow Resources center Blog Help Center Developer Portal Compliance About Us Careers Press room Investor relations Our History