Cashrewards (ASX:CRW) Chief Executive, Bernard Wilson
Source: B&T
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  • New eCommerce lister Cashrewards (CRW) announced strong cyber weekend figures and black Friday 2020 as its biggest trading day in company history
  • Numbers for unique shopping members increased 83 per cent and transactions by 54 per cent on Black Friday compared to the prior corresponding period (PCP)
  • Unique shopping members rose by 63 per cent and transactions 44 per cent against the PCP for the four day sale period
  • Cashrewards made its ASX debut on December 2 following a $65 million initial public offering (IPO)
  • Investors are responding enthusiastically to the announcement as Cashrewards shares trade 6.6 per cent higher at $2.10 cents each

New lister Cashrewards (CRW) announced strong cyber weekend figures and black Friday 2020 as its biggest trading day in company history.

Numbers for unique shopping members increased 83 per cent and transactions by 54 per cent on Black Friday compared to the prior corresponding period (PCP).

For the four day sale period, unique shopping members rose by 63 per cent and transactions 44 per cent against the PCP.

The news marks a strong start for the company, which listed on the ASX on December 2 following a successful $65 million IPO.

Cashrewards Chief Executive Bernard Wilson says he is pleased with the company’s positive momentum.

“We are very pleased that the positive momentum outlined in our prospectus has continued into the December quarter … across these key sales events, during which the fashion, beauty, children and homewares categories performed particularly strongly,” he said.

Domestic travel bookings for the company have also increased following increased easing of Australian border restrictions.

Cashrewards has over 800,000 members and provides Cashback offers via its 1500 merchant partners, including Amazon.com.au, Apple and Microsoft.

Shares in Cashrewards are sitting at $2.14 cents this morning, up 8.63 per cent at 11:01 am AEDT.

CRW by the numbers
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