Andromedia's LikeMinds Personalization Technology Increases Customer Spend Rate On Levi's Online Store by 33% and Boosts Repeat Visit Rate by 27%.SAN FRANCISCO--(BUSINESS WIRE)--June 30, 1999-- Levi Strauss & Co. E-commerce Customers Using LikeMinds-powered Style Finder Application View More Products, Shop Longer, and Return More Often Andromedia, Inc., a leading supplier of e-marketing software for e-commerce, today announced groundbreaking results disclosed by Levi Strauss & Co. that quantifiably demonstrate the power of Andromedia's LikeMinds(TM) personalization technology to drive higher revenue and increase profits for e-commerce sites. The data released by Levi(R) illustrates that LikeMinds personalization at www.levi.com increased customer spend rate and repeat visit rate by nearly one-third. In addition, average product views and the average time visitors spent shopping on the Levi site nearly doubled. In a first-of-its-kind application called Style Finder, the Levi online store uses LikeMinds collaborative filtering technology to give customers recommendations for the Levi products that best fit their personal style. Customers tell Style Finder what type of music, sports, and "looks" they like such as grunge grunge - /gruhnj/ 1. That which is grungy, or that which makes it so. 2. [Cambridge] Code which is inaccessible due to changes in other parts of the program. The preferred term in North America is dead code. or hip-hop. Then, Style Finder looks for clothing choices other customers with the same tastes and preferences made, and predicts which Levi's products are most likely to fit the customer's individual style and needs. "This is a first for e-commerce and the personalization industry," notes Steve Kanzler, vice president of marketing for Andromedia. "No e-commerce site has done the kind of detailed analysis of the impact of personalization that Levi's has. They directly compared the experience of customers who received a personalized experience with those who didn't. "Now, for the first time we have quantifiable results that prove what we have been saying all along -- Andromedia's LikeMinds personalization software turns browsers into buyers and buyers into loyal customers. The technology drives more sales and increases customer retention while increasing customer satisfaction. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , LikeMinds personalization delivers happy customers and higher profits. It doesn't get any better than that." -0-
Survey Results Prove Personalization Increases Customer
Satisfaction
Levi Strauss & Co. conducted a survey of visitors to levi.com and
concluded that for customers using Style Finder powered by
Andromedia's LikeMinds Personalization Server:
-- 84% said the LikeMinds clothing recommendations were "right on"
-- 87% said they would buy products recommended by the LikeMinds
technology
-- 93% said that LikeMinds powered Style Finder was "fun" and "easy
to use"
As a result, for Levi customers using Style Finder Powered by
LikeMinds Personalization:
-- Average spend rate increased 33%
-- Average repeat visit rate increased 27%
-- Average length of shopping session increased from 4 to 7 minutes
-- Average products viewed increased from 6 to 10
-0- Additional Online Personalization Breakthroughs Andromedia's relationship with Levi Strauss & Co. has resulted in the achievement of many other "firsts" in online personalization. The Levi's Online Store represents the first use of collaborative filtering for personalization in the online fashion industry. In addition, by using customer preferences in fashion, music and activities to predict preferences for specific clothing products without knowing what clothing products the customer has selected in the past, Style Finder demonstrates the ability of collaborative filtering to use preference data from one category to predict preferences in an entirely different product category. This demonstrates that LikeMinds collaborative filtering is capable of making cross category recommendations necessary to do highly accurate and personalized up-sells and cross-sells in e-commerce applications. About Andromedia Founded in 1996, San Francisco-based Andromedia (www.andromedia.com) is a leading supplier of e-marketing software for e-commerce. Andromedia provides Smart eMarketing software comprised of the ARIA and LikeMinds product lines, enabling customers to create a better online experience and increase sales. ARIA analyzes high-value data in realtime and reports on customer information that is critical to managing online business effectively. LikeMinds Personalization Server efficiently personalizes each and every customer interaction, providing realtime response to customers' needs. Andromedia has more than 120 customers, including many of the largest sites on the Web. Major customers include Audi; The Boston Herald; Cinemax; Columbia House; Computer Associates (NYSE NYSE See: New York Stock Exchange :CA); Cyberian Outpost (Nasdaq:COOL); Intuit (Nasdaq:INTU INTU Intuit, Inc. (stock abbreviation, AMEX) ); Levi Strauss & Co.; Sony Corporation (NYSE:SNE SNe Supernovae (astronomy) SNE Sony Corporation (stock symbol) SNE Syndicat National de l'edition (French Publisher's Association) SNE Society for Nutrition Education ); Sun Microsystems (Nasdaq:SUNW SUNW Sun Microsystems, Inc (former stock symbol; now JAVA) SUNW Stanford University Network Workstation (Sun Microsystems, Inc) ); the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. ; and The Weather Channel. Strategic partners include Allaire (Nasdaq:ALLR), Art Technology Group, BroadVision (Nasdaq:BVSN BVSN Broadvision, Inc. (stock abbreviation, AMEX) ), Computer Associates, EarthLink Network (Nasdaq:ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), Engage Technology, Hewlett-Packard (NYSE:HWP HWP Height (and) Weight Proportionate HWP Half-Wave Plate HWP Highway Patrol HWP Height Weight Proportional HWP Hewlett-Packard Corporation (stock symbol) HWP Hydrolyzed Whey Peptides ), NetGravity (Nasdaq:NETG NETG National Education Training Group ), Netscape (Nasdaq:NSCP NSCP National Schistosomiasis Control Program NSCP National Space Communications Program NSCP Native (Mode) Service Control Point (Tandem) ), Sun Microsystems, and Vignette (Nasdaq:VIGN VIGN Vignette Corporation (stock abbreviation, AMEX) ). Note to Editors: Press announcements and other information about Andromedia are available on the Web at the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. http://www.andromedia.com. Andromedia and LikeMinds are trademarks and ARIA a registered trademark of Andromedia, Inc. All other brand names are trademarks or registered trademarks of their respective holders and hereby acknowledged. |
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