Carryup
Knowledge Hub

How real D2C brands
actually grew.

Independent, sourced breakdowns of real, well-known D2C brands' growth and infrastructure decisions — what happened, why it worked, and what transfers to your store. These are not Carryup client engagements — for that, see our real work.

Platform & Scale13 min read

Bombas' Shark Tank Deal Crashed Its Website Twice — Then Turned "Give One" Into the Growth Engine That Outsold Every Other Show Alum

A sock company with no fashion, retail, or manufacturing experience among its founders built one of the most durable D2C brands of the last decade on a donation model industry critics call a marketing gimmick — the honest version of the story includes both.

$108K/yrin platform costs saved after migrating from Magento to Shopify Plus
Shopify Plus MigrationMission-Driven Brand
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Platform & Scale12 min read

MrBeast Turned 96 Million Subscribers Into a $250M Chocolate Business — By Treating Shopify Like a Launchpad, Not the Whole Rocket

Feastables broke Shopify's own launch records in its first 24 hours and then, deliberately, stopped needing them — routing most of its growth into Walmart, 7-Eleven, and Target while the DTC site became a data-capture and retention engine instead of the main event.

$250M2024 revenue, per investor documents reported by Bloomberg
Shopify Plus InfrastructureCreator-Led Commerce
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Performance Marketing10 min read

Dr. Squatch Turned a Garage Soap Recipe Into a $1.5B Unilever Exit — By Treating Ads Like Content, Not Commercials

A former IT security consultant making soap in his garage for his own psoriasis got to $100M on YouTube ads that looked nothing like ads. The harder part — proven by a Shopify Plus subscription migration most case studies skip — was building the plumbing to keep that growth from breaking.

30xrevenue growth — ~$5-6M to $100M+ after the 2017 viral video campaign
Performance MarketingSubscriptions
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Performance Marketing9 min read

MVMT Watches Turned a Twice-Rejected Kickstarter Pitch Into a $100M Movado Acquisition — Without Signing a Single Celebrity

Two college dropouts with less than $5,000 built a Shopify watch brand to $71M in revenue and 160+ countries by paying 62 mid-tier Instagram influencers instead of one famous one — a bet Movado paid $100M-plus to acquire in 2018.

$100M+paid by Movado Group to acquire MVMT in 2018, plus up to $100M in earnouts
Performance MarketingInfluencer Marketing
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Performance Marketing9 min read

Chubbies Sold $600,000 of American Flag Shorts in One Day — With Almost No Traditional Advertising Behind It

Four Stanford grads built a Shopify store around 5.5-inch shorts nobody was asking for, then grew it on Shopify Plus into a $130M acquisition by treating customers as the content team instead of the ad audience.

$600Kin American-flag shorts sold in a single day, on organic social alone
Performance MarketingCommunity
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Email & Retention9 min read

Brooklinen Gets 40% of Its Daily Revenue From Repeat Customers by Sending 7% Promotional Email, Not the Industry's 38%

Most DTC brands lean on cart-abandonment discounts to win repeat purchases. Brooklinen built its Shopify Plus retention engine on the opposite instinct: fewer emails, almost no discounting, and nurturing that starts before a shopper ever adds something to their cart.

40%of daily revenue from repeat customers
Email & RetentionKlaviyo
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Email & Retention9 min read

Taylor Stitch Cut Its Email Volume in Half and Grew Revenue Per Recipient 60% by Refusing to Blast Its Full List

A menswear brand that pre-sells "Workshop" drops through internal crowdfunding needed email that could tell a superfan from a lurker. Building 40-50 Shopify Plus segments a month, instead of one big list, is what took unsubscribes down 60% at the same time revenue per email went up.

+60%revenue per email recipient after moving to segmented sends
Email & RetentionKlaviyo
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Performance Marketing11 min read

WOW Skin Science Turned a Bootstrapped Shopify Store Into a $400M "Soonicorn" — Without Front-Loading the Capital

Most funded D2C brands raise big, then try to buy growth with it. WOW Skin Science did the opposite: it proved the model on Shopify with digital-only marketing and an Amazon beachhead first, and only then raised $98M+ from ChrysCapital and GIC.

$98M+raised from ChrysCapital and GIC — after the model was proven, not before
Performance MarketingInternational
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CRO & Conversion10 min read

Liquid Death Built Its Shopify Plus Store to Entertain First and Convert Second — and Still Hit $333M in Revenue

A canned-water brand shouldn't need a "Timewaster 5000." Liquid Death's Shopify Plus store is deliberately built as a media hub, not a speed-to-checkout funnel — and it required rethinking what CRO and A/B testing even mean for a brand this loud.

$333Mrevenue, up from $45M in 2021
CROShopify Plus
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Platform & Scale10 min read

Sugar Cosmetics Launched 100% on Shopify — Then Deliberately Let Its Own Site Become a Minority of Revenue

Sugar started as a Shopify-only DTC brand solving a 65-minute, multi-visit consideration problem with cash-on-delivery and free exchanges. A decade later, its own website is 25% of revenue by design — and that's the success story, not a failure of the DTC channel.

$96.3Mtotal raised across 16 funding rounds
ShopifyOmnichannel
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Platform & Scale13 min read

Bombay Shaving Company Grew Online Revenue 20x After Leaving Magento

A 150% conversion lift, 20x online revenue growth, and 50,000+ orders processed in two days during mega-sales — what actually changed when this Indian D2C brand moved off Magento, and what the migration didn't fix.

150%conversion rate uplift after migrating to Shopify Plus
MigrationShopify Plus
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Platform & Scale11 min read

How Gymshark's Failed Platform Bet Turned Into a Masterclass in Migration Timing

Ten months on Adobe Commerce, an eight-hour Black Friday outage, and a rebuild that unlocked 131-country scale. What Gymshark's move to Shopify Plus actually teaches about platform-fit.

90,000Black Friday orders post-migration (was 20,000)
Shopify PlusMigration
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CRO & Conversion10 min read

Kylie Cosmetics Sold Out in Seconds — the Infrastructure Question Nobody Asks About That Story

A debut lip kit that sold out almost instantly, a self-reported $630M+ in lifetime sales through one Shopify store, and a decline the marketing decks never mention. The famous version of this story is the hype. The useful version is what had to be true technically for the hype to convert — and what happened once the hype stopped being enough.

$630M+self-reported lifetime sales through Shopify, 2015-2019
Drop CommerceShopify Plus
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Performance Marketing12 min read

Fashion Nova Hit 100 Million Shopify Orders on a Playbook That Was Never Really a Strategy

Five failing mall stores, a father's clothing boutique, and a founder who admits he "grew so fast" he never formalized a plan — the real mechanics behind a multibillion-dollar Shopify business built on influencer seeding, weekly catalogue turnover, and a manufacturing model that has drawn real regulatory scrutiny along the way.

100M+orders processed through Shopify
Meta AdsCreative
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Consulting & Strategy10 min read

Allbirds Turned Its Slowest-Moving Inventory Into an Omnichannel Advantage

Unifying ecommerce and 31 retail stores under one Shopify POS system didn't just tidy up operations — it changed what "out of stock" meant online. The mechanics behind that shift, and the harder story of what happened to the company afterward.

31retail locations unified with ecommerce
Shopify PlusRetention
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Email & Retention11 min read

Death Wish Coffee Turned a 2-Hour Super Bowl Spike Into a Subscription Business

A near-fatal traffic crash from a morning TV feature taught this brand a hard lesson early. By the time it won a national Super Bowl ad, the infrastructure — and the retention plan for the traffic — was ready.

$2,083in sales per minute post-Super Bowl ad
SubscriptionsRetention
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CRO & Conversion11 min read

ARMEDANGELS Doubled Checkout Conversion by Leaving Shopware for Shopify Plus

Five years on Shopware left the team spending 80% of their time on bug fixes instead of product work. Three months after replatforming, checkout conversion had doubled — and the new stack is now carrying the brand's first US launch.

+100%checkout conversion rate (doubled) within 3 months
MigrationCheckout
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Consulting & Strategy7 min read

Mejuri Cut UK Shipping Costs by $100K/Month by Fixing One Fulfillment Loop

A single regulatory requirement was forcing every UK order through a three-flight logistics loop between Toronto and London. Fixing it took a platform decision, not a bigger ops team.

80%reduction in UK delivery time (7–9 days → 1–2 days)
InternationalShopify Plus
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Email & Retention12 min read

BODi Migrated 1 Million Payment Methods to Shopify Without Losing a Subscriber

Over 1 million stored cards and 818,000+ active subscriptions, moved in under 8 months with a 99.5% average success rate — while the company underneath the migration was simultaneously dismantling the multi-level marketing model that built it, and revenue kept falling for three more years anyway.

1M+payment methods migrated at 99.5% average success
MigrationSubscriptions
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Consulting & Strategy7 min read

A 3-Person Team Launched Le Petit Ballon in 5 New Countries in 2 Months

One technical person and two marketers, four languages, five markets — without a bigger team or a longer timeline. What made that possible on the back end.

5new countries launched in 2 months
InternationalSubscriptions
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Platform & Scale11 min read

Libas Scaled From ₹0 to ₹300 Crore in DTC Revenue After Leaving Adobe Commerce

A 39-year-old offline-first ethnic wear brand rebuilt its entire digital business on Shopify — 80% year-over-year growth, a 24% AOV lift, and a customer data platform finally unifying 35+ physical stores with online.

₹300 CrDTC annual recurring revenue, up from ₹0
MigrationShopify Plus
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Consulting & Strategy10 min read

Mulmul Grew Online Sales 10x and Cut Technical Costs 67% Leaving Adobe Commerce

A slow, unreliable storefront was quietly capping product discovery and checkout on India's fastest-growing contemporary womenswear brand. Moving to Shopify fixed the platform and became the foundation for expansion into five international markets.

10xincrease in online sales since migrating
MigrationInternational
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Our standard

Independent analysis, sourced and clearly labelled — not our own client work.

These are real, well-known D2C brands — not Carryup clients. Every piece cites its public sources (official case studies, press coverage, reported figures), explains the mechanism behind what happened, and says plainly up front that Carryup didn't do the work. For our own real client results, see our work.

✓
Real brands, real sources — Every case study cites where its numbers come from — no invented metrics.
✓
Not our client work — Clearly disclosed on every page — this is independent analysis, not a Carryup engagement.
✓
The mechanism — What actually happened and why it worked, not just the headline number.
✓
What transfers — The lesson generalised to any Shopify D2C brand, not just the brand in question.
Guide

How these case studies are researched — and how to read them

Every analysis in this library is about a brand we have never worked with. They are independent breakdowns of publicly documented growth and infrastructure decisions at well-known D2C companies — reconstructed from official Shopify case studies, SEC filings, press coverage, and vendor-published performance data, all cited on each page. Carryup did not do this work, does not claim credit for these outcomes, and says so plainly at the top of every piece. Our own client engagements live separately, on the work pages, with our own numbers attached.

That separation is the point of the format. A conventional agency case study is a sales document about its author. These are closer to teardowns: what a company actually did, why the mechanism worked, and which part of it generalises to a store that isn't theirs. Below is how they're selected, sourced, and written — and how to read a growth number without letting it mislead you.

What these are — and what they are not

This library currently holds 23 analyses of brands including Gymshark, Liquid Death, Allbirds, Brooklinen, Mejuri, Fashion Nova, Kylie Cosmetics, Sugar Cosmetics, and Libas. None of them are Carryup clients. Each piece is written from public information about decisions those companies made and outcomes they or their vendors reported. We publish them because the useful knowledge in ecommerce is disproportionately locked inside a handful of well-documented stories that are usually retold as slogans — "Gymshark migrated to Shopify Plus" — with the actual mechanism stripped out. If you're looking for what we have built and measured ourselves, that's a different page and a different standard of evidence: our client work, with the metrics we're accountable for. Conflating the two would make both less useful, so we keep them structurally apart.

How we choose which brands to analyse

Three filters decide what gets written. The story has to be documented well enough that we can reconstruct a mechanism, not just an outcome — a headline number with no explanation of what produced it is unusable regardless of how impressive it is. The decision has to be one a smaller brand could plausibly face: a platform migration, a channel bet, an email discipline choice, a fulfilment fix, an international expansion. And the lesson has to survive removal of the brand's unfair advantages. Kylie Cosmetics' launches are not replicable by a store without a celebrity founder, but the infrastructure question underneath them — what it takes to survive a traffic spike that arrives in seconds — applies to any brand running a drop. Where a story only works because of scale or fame, we say so rather than pretending it transfers.

Where the numbers come from

Every figure is attributed. The strongest sources are official Shopify case studies and merchant-published data, where the company has put its name to the number; next are regulatory filings and earnings disclosures, which are the only figures subject to legal accountability; then reputable trade and business press; then vendor case studies from tools like Klaviyo or Postscript, which are reliable on mechanics but naturally selective about which customers they publish. Every source is listed on the article page so you can weigh it yourself. What we don't do is model, estimate, or round a number into something more impressive and present it as reported. Where public figures conflict between sources, we say so rather than quietly picking the higher one.

Why we explain the mechanism, not just the outcome

"Conversion doubled after migrating to Shopify Plus" is not a lesson, it's a headline — and taken at face value it implies the platform did the work. In the ARMEDANGELS analysis, as in most migration stories, the improvement traces to specific things the migration made possible: a checkout with fewer failure points, faster page loads, and payment methods that previously didn't work properly in certain markets. Those are the transferable parts, and some of them can be captured without migrating at all. Every analysis is therefore structured around the causal chain rather than the result. If we can't establish from public information why something worked, we say the mechanism is unclear instead of inventing a plausible-sounding one, because a confident wrong explanation is more damaging than an acknowledged gap.

How to read a growth number without being misled

Four questions defuse most misleading statistics. What's the baseline — a 300% increase from a very small starting point is a different event from the same percentage at scale, and press coverage rarely distinguishes them. Over what period, and what else changed in it: a brand that migrated platforms while also launching a new range and increasing ad spend cannot cleanly attribute the result to any one of those. Who published it, and what were they selling — a vendor case study is evidence of what's achievable, not of what's typical. And is it a rate or an absolute: conversion rate improvements mean little if traffic quality shifted underneath them. We try to supply this context inside each analysis, but it's worth applying to any case study you read, including ours.

What actually transfers to your store

The recurring finding across this library is that the transferable lesson is usually smaller and less exciting than the headline. Brooklinen's retention performance comes from restraint in email volume, not from a tool. Taylor Stitch grew revenue per recipient by sending less, not more. Mejuri's fulfilment saving came from fixing one shipping loop rather than renegotiating carrier contracts wholesale. Death Wish Coffee converted a two-hour traffic spike into a subscription base by having the capture mechanism in place before the spike arrived. None of these require the budget the brands had. What they require is a specific operational discipline applied consistently, which is why we end each analysis with the version of the lesson that a store doing a fraction of the revenue could act on this quarter.

How this differs from our own client work

Two libraries, two standards of proof, deliberately not mixed. These case studies are third-party analysis, sourced from public material, about companies with no relationship to us. Our client work is first-party: real Carryup engagements with named brands including Obeetee, The Last Ape, Motodrift, The Basics Woman, WUD Homes, Furnishka, Anantham Silks, and World of Toji, with the metrics we're directly accountable for. The reason for keeping them apart is that agency marketing routinely blurs this line — a page of famous logos with no statement of what the agency actually did leaves you assuming a relationship that may not exist. Every page in this library states in its opening that Carryup did not do the work, because a case study you have to interrogate for provenance isn't worth reading.

Corrections and updates

These are analyses of live companies, so they age. Reported figures get restated, acquisitions change ownership and strategy, and platform capabilities that made a decision necessary in 2019 sometimes ship as standard features later, which changes what the lesson means today. We revise pieces when a cited source is corrected or superseded, and we'd rather remove a claim than leave a number standing that its original publisher has since walked back. If you find something here that's wrong, out of date, or attributed to the wrong source, tell us and we'll correct it — including where the correction makes the story less interesting than the version we published.

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