Get insights on top Shopify stores and Shopify Plus stores in USA
PipeCandy tracks close to a million Shopify stores and 7000+ Shopify Plus storees and provides insights about them – web sales, product category, sub-category, shipping volume, tech stack, and 50+ other data points! Track the Shopify sites that are beating COVID-19 slowdown!
The Shopify ecosystem
stores around the world are powered by Shopify.
Shopify Plus stores as of March 2020
Shopify Merchants make more than $1M in web sales
Alternative Data on SHOP for Hedge Funds and Public Market Investors
Get access to data sets on merchant count, churn and GMV for Shopify stock (SHOP) analysis. Using our list of all Shopify websites, PipeCandy estimates the Shopify store count, growth in Shopify stores base, GMV of Shopify stores and more.
Shopify stock: A peek behind the curtain
We analyzed the growth of the Shopify ecosystem and the dynamic relationship between GMV & number of merchants. Over the years, a trend emerges. GMV peaks during Q4, drops the following Q1 with a slight uptick in Q2. The seasonality in GMV seems to mirror the seasonality in merchants.
The largest selling category on Shopify is Apparel and Fashion. Shopify's fashion industry report notes that the eCommerce revenue from fashion will grow steadily at 10.6% to reach $700 Billion by 2022. In the next two years, the potential customers for Apparel and Fashion are expected to be $1.2 Billion with a majority of them being between 16-34 years old.