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ChannelAdvisor Announces Record Day of $18 Million E-Commerce Channel Sales on Cyber Monday
Tuesday, December 02, 2008
Leading provider of e-commerce channel management solutions sees record growth despite tough economic times
RESEARCH TRIANGLE PARK, N.C., Dec. 2 /PRNewswire/ -- ChannelAdvisor
(http://www.channeladvisor.com), the leading provider of e-commerce channel
management solutions, announced today that it is seeing significant GMV (Gross
Merchandise Volume) growth across multiple e-commerce channels early in the
2008 holiday shopping season. ChannelAdvisor has already broken its largest
one day GMV total of $11.6m that was set November 26, 2007 twice this holiday
season with $15m on November 28, 2008 (Black Friday) and $18m that was
achieved on December 1, 2008 (Cyber Monday).
"We are very excited to see record GMV levels for Black Friday and Cyber
Monday this holiday season," said Scot Wingo, Chief Executive Officer of
ChannelAdvisor. "This early data shows that even with economic pressures,
consumers continue to research, shop, and most importantly buy products via
e-commerce channels during this holiday season. It's also important to note
that ChannelAdvisor's customers are growing at a 6-8% y/y same-store-sales
rate vs. industry-wide 1% to down rates, which proves that the ChannelAdvisor
Complete suite gives our customers a substantial competitive advantage and
allows them to take share at a critical time."
The following are some highlights from the ChannelAdvisor Complete(TM)
platform for Black Friday by e-commerce channel:
Paid Search (Google, Yahoo!, MSN, Ask.com, etc)
168% year over year GMV growth
Comparison Shopping Engines -- (Google Product Search, Shopping.com,
Shopzilla, etc.)
74% year over year GMV growth
Marketplaces -- (eBay, Amazon, Overstock.com, etc.)
19% year over year GMV growth
230% year over year GMV growth via Amazon Merchants@
The following are some highlights from the ChannelAdvisor Complete(TM)
platform for Cyber Monday by e-commerce channel:
Paid Search (Google, Yahoo!, MSN, Ask.com, etc)
173% year over year GMV growth
Comparison Shopping Engines -- (Google Product Search, Shopping.com,
Shopzilla, etc.)
77% year over year GMV growth
Marketplaces -- (eBay, Amazon, Overstock.com)
22% year over year GMV growth
231% year over year GMV growth via Amazon Merchants@
About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable
leading online retailers to maximize their products across multiple ecommerce
marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping
engines such as Shopping.com, Shopzilla, Nextag and Google Product Search and
search engines such as Google, Yahoo! and MSN. In 2007, ChannelAdvisor managed
over $2.1 billion in gross merchandise value (GMV) on behalf of its customers.
ChannelAdvisor solutions combine best practices, on-demand software and
integration technology to help retailers sell more products, faster, by
automating labor-intensive, manual functions so they spend less time
optimizing campaigns and more time solving marketing and business issues.
ChannelAdvisor has expanded its retail technology and services by acquiring
Rich FX media solutions. MyRichFX(TM), RichImage(TM), RichCatalog(TM), and
RichCircular(TM) are now part of the ChannelAdvisor rich media technology and
service solutions that ChannelAdvisor offers. ChannelAdvisor's customers
include Wal-Mart, GSI Commerce, Brookstone, Abebooks and Motorola.
ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with
offices in Atlanta, Seattle, New York, the United Kingdom, Australia, Ireland
and Germany. For more information, visit http://www.channeladvisor.com.
SOURCE ChannelAdvisor Corporation
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