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 Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. , N.C. -- ChannelAdvisor, the leading provider of e-commerce channel management solutions, announced today that it is seeing significant GMV GMV Game Music Video GMV Gross Merchandise Value GMV Ground Mobility Vehicle (US Army special operations vehicle) GMV Gross Metal Value GMV Got My Vote GMV Good Morning Vietnam GMV Generalized Minimum Variance (Gross Merchandise Volume Gross Merchandise Volume or GMV is a term used in online retailing to indicate a total sales dollar amount for merchandise sold through a particular marketplace over a certain time frame. Popular auction sites like eBay and Overstock. ) 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 The name given by online retailers and e-commerce experts to the Monday following the Thanksgiving holiday. With its Black Friday counterpart in actual store-based traffic, analysts have pointed to significant spikes in online shopping 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 Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , buying products via e-commerce channels at a more rapid pace this year." The following are some highlights from the ChannelAdvisor Complete[TM] platform for Cyber Monday by e-commerce channel: * Paid Search (Google, Yahoo!, MSN (1) (MicroSoft Network) A family of Internet-based services from Microsoft, which includes a search engine, e-mail (Hotmail), instant messaging (Windows Live Messaging) and a general-purpose portal with news, information and shopping (MSN Directory). , Ask.com, etc.) -- 93% year over year GMV growth -- 105% year over year GMV growth via Google Adwords A targeted advertising program in which business ads appear as "sponsored links" on the Google results pages as well as the results pages of Google's partners, such as AOL and Ask.com. * Comparison Shopping Engines - (Google Product Search A search service from Google that specializes in finding products and the stores where they can be purchased. Originally known as "Froogle," merchants do not pay Google to rank their products, and there is no wallet or shopping cart function. , 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 Black Friday, Sept. 24, 1869, in U.S. history, day of financial panic. In 1869 a small group of American financial speculators, including Jay Gould and James Fisk, sought the support of federal officials of the Grant administration in a drive to corner the gold / 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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