Harley Finkelstein

You see L.A., New York, and London.

In U.S.

alone, L.A., New York, and San Francisco are the top three.

The other thing that we also saw is cross-border, but 17% of orders were cross-border orders, so shipped to a different country as well.

And then in terms of top-trending merchants that we saw, we saw Hatch, which is sort of this, they have something called the Restore 3, which is this phone-free alarm for kind of morning routines.

Crunch Labs has this sort of kids' build-it-yourself monthly toy subscription.

brook linen in on their super plush robe and then base has their weekender travel bag as well so we're seeing across a bunch of different verticals do really well but a big thing actually that we're seeing now is last year seemed to be a lot a lot of talk about getting outside gifts were about the products being sold were about you know things like skiing or hiking or camping this year seems to be that home is really you know the winner here where people are buying things for their

home, whether it's kitchen stuff for the kitchen or puzzles or blankets.

But generally, consumers are buying from brands they love.

And we're fortunate those brands are on Shopify.

Yeah, I mean, what I think it means is that consumers generally are somewhat geographically agnostic.

They want to buy from their favorite brands.

You know, we heard from Gymshark.

They had their biggest Black Friday sale ever online.

AG1, Athletic Greens, was up 50%.

Brunt Workwear got an order every five seconds.

So if you think about where consumers are purchasing, they're buying from brands they love, the Viores, the Figs, the Aloe Yogas, the on-runnings of the world.

And I think they're agnostic to where those are coming from.

The other thing that we're seeing, which is really interesting, is that this really wasn't just about discounts this year.

People shop brands, not channels.