VTEX Stores Break Black Friday Record, Hit Over One Million Orders
Online retailers who use the VTEX® Cloud Commerce Platform processed a whopping 1.03 million transactions on Black Friday 2019—with multiple sales records achieved this year. Stores operating on the VTEX platform in both 2018 and 2019 saw a 41% growth in year-over-year sales on Black Friday, while sales across all stores using VTEX in 2019 were 53% higher than the previous year. At the peak selling point, VTEX was processing a whopping 987 orders-per-minute.
“These milestones highlight the fact that VTEX offers a superior e-commerce solution,” says Alexandre Soncini, North America General Manager. “Our unified commerce solution provides the fastest time-to-revenue in the industry. VTEX retailers can deliver Amazon-like experiences to their customers without the complex technology to manage, and these numbers show how much our features can affect a retailer’s bottom line. Our own rapid growth is powering the growth of our clients, who successfully processed 3.3 million transactions during the Black Friday peak holiday shopping week – 50% more sales than during the same period in 2018.”
Named a major player in the worldwide SaaS and cloud-enabled B2C digital commerce platforms space by IDC MarketScope in 2018, VTEX is now trusted by Sony, Walmart, Whirlpool, Coca-Cola, Stanley Black & Decker, L’Óreal, Nestlé and more than 2,500 online stores in 28 countries. The company also recently secured a $140 million investment round from SoftBank’s Latin America fund in conjunction with Gávea Investimentos and Constellation Asset Management. This investment will support VTEX’s continued global expansion and advancements to its cloud commerce offerings.
The VTEX Cloud Commerce Platform ranks in Gartner’s Magic Quadrant for Digital Commerce, and is the platform of choice for 40% of the world’s most valued brands. It auto-scales to fit the needs of companies of all sizes, from growing digital commerce companies to major enterprises.
“The VTEX platform’s elastic cloud infrastructure and auto-scaling capabilities deliver increased traffic, more conversions, and faster checkout processes,” says Soncini. “These latest record-breaking numbers position VTEX as the next generation in cloud-based, unified commerce platforms.”
VTEX would like to congratulate all of its clients for closing out 2019 with such strong numbers, and is looking forward to continuing the growth and success of all its retailers in 2020!
DISCLAIMER: It is important to note that historical financial information or operational KPIs may not be comparable with publicly filed information at SEC, since VTEX did not report its financials in accordance with International Financial Reporting Standards (IFRS) prior to 2019 and certain KPIs definitions may differ from publicly filed information. You are cautioned not to place undue reliance on figures published before July 21st, 2021 as they may not be comparable to the metrics disclosed on the IPO onwards.