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December 2, 2008 ChannelAdvisor Announces Record Day $18 Million E-Commerce Sales on Cyber Monday

ChannelAdvisor Announces Record Day of $18 Million E-Commerce Sales on Cyber Monday

Leading provider of e-commerce channel management solutions sees record growth despite tough economic times

Research Triangle Park, NC – December, 8 2008 “ChannelAdvisor, the leading provider of e-commerce channel management solutions, announced today that it is seeing significant GMV (Gross Merchandise Value) 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 Completeâ„¢ 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.)
77% 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

ChannelAdvisor (NYSE: ECOM) is a leading e-commerce cloud platform whose mission is to connect and optimize the world’s commerce. For nearly two decades, ChannelAdvisor has helped brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance, and providing actionable analytics to improve competitiveness. Thousands of customers depend on ChannelAdvisor to securely power their sales and optimize fulfillment on channels such as Amazon, eBay, Google, Facebook, Walmart, and hundreds more. For more information, visit www.channeladvisor.com.

Media Contact:

Tamara Gibbs
ChannelAdvisor
tamara.gibbs@channeladvisor.com
(919) 249-9798

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