CHANNELADVISOR ANNOUNCES RECORD DAY OF 11.6 MILLION E-COMMERCE CHANNEL SALES ON CYBER MONDAY
Multiple e-commerce channels proving to be critical for retailer’s holiday sales success early in the shopping season
Research Triangle Park, NC – November 27, 2007 – ChannelAdvisor, 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 2007 holiday shopping season. ChannelAdvisor has already broken its largest one day GMV total of $10m that was set December 4th, 2006. ChannelAdvisor recorded GMV of $11.6m on Cyber Monday, November 26th, 2007.
“We are very excited to see record GMV levels so early in the holiday season,” said Scot Wingo, Chief Executive Officer of ChannelAdvisor. “This early data shows that consumers are researching, shopping and, most importantly, buying products via e-commerce channels at a more rapid pace this year.”
The following are some highlights from the ChannelAdvisor Complete™ platform for Cyber Monday by e-commerce channel:
- Paid Search (Google, Yahoo!, MSN, Ask.com, etc.)
- 93% year over year GMV growth
- 105% year over year GMV growth via Google Adwords
- Comparison Shopping Engines – (Google Product Search, Shopping.com, Shopzilla, etc.)
- 135% year over year GMV growth
- Google Product Search is the GMV overall leader, with NexTag.com and Shopzilla.com in a close second
- Marketplaces – (eBay, Amazon, Overstock.com)
- 50% year over year GMV growth
- 460% year over year GMV growth via Amazon Merchants@
Today, Scot Wingo will be participating in a conference call with internet analyst Bob Peck from Bear Stearns titled “Black Friday / Cyber Monday: E-commerce Trends & Implications”, Tuesday November 27th – 2:30pm ET. Please contact Bob Peck at Bear Stearns to be admitted to the conference call or email ChannelAdvisor at ashley.jones@channeladvisor.com.
About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple e-commerce 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 2006, ChannelAdvisor managed over $1.6 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's customers include GSI Commerce, Sears, Brookstone, Abebooks and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, the United Kingdom, Australia and Germany. For more information, visit http://www.channeladvisor.com/.
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