Shopify warns of online slowdown despite soaring revenues

Shopify homepage – text reads: 'Sell online with Shopify: Trusted by over 1,000,000 businesses worldwide'

Shopify has warned that the likely absence of a “Covid-triggered acceleration of ecommerce” in the first half of 2022 looks set to impact revenue growth.

Shopify’s total revenue for the 2021 full year reached $4.6bn (£3.38bn) – a 57% increase from 2020. Gross profits rose 61% from 2020 to $2.4bn (£1.77bn). 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.