ChannelAdvisor Kicks Off 2010 with Multichannel Growth

RESEARCH TRIANGLE PARK, N.C., April 26 /PRNewswire/ -- ChannelAdvisor, a solution provider that enables online retailers to improve efficiency and increase revenue, today announced that its retailers have jump-started 2010 with record growth on Amazon, incremental growth on eBay and overall growth across all channels this quarter.  Boasting 124 of Internet Retailer's Top 500, ChannelAdvisor added notable new retailers including GolfEtail, Replay Photos, Ritz Camera, The Sharper Image, ValuePetSupplies, Wine Enthusiast and in the United Kingdom Joe Browns, Republic Retail and Speedo.

ChannelAdvisor's online retailers continued to see tremendous growth across the marketplaces channel this quarter, experiencing Amazon same-store-sales growth of 75 percent, and incremental eBay same-store-sales growth of five percent.  Across all ChannelAdvisor channels, including marketplaces, comparison shopping, paid search and stores, retailers experienced a healthy 14 percent growth this quarter.  

"ChannelAdvisor helps retailers sell more online as evidenced this quarter by the record-breaking success of our retailers on Amazon, an achievement in line with and even ahead of Amazon's impressive company growth," said Scot Wingo, ChannelAdvisor CEO.  "As shoppers loosen their wallets and increase spending online, we're expecting 2010 to continue to be a banner year for ChannelAdvisor and our retailers."

This past quarter ChannelAdvisor also became part of the inaugural Demandware LINK Community program, a partnership program giving current Demandware customers access to the ChannelAdvisor platform including the ability to list products across more than 115 comparison shopping engines, increasing product visibility and access to new audiences.    

"We're looking forward to extending our online presence with the assistance of ChannelAdvisor," said Paul McDermott, head of e-commerce for Speedo International.  "There is significant opportunity for Speedo in online marketplaces, and we're confident ChannelAdvisor's solution will allow us to tap into that market."

Additional noteworthy product updates this past quarter included the following:

• Marketplaces
  • Support for eBay's spring update, namely eBay Motors parts and accessories (fitment)
  • Expansion of support for eBay variations
  • Increased category support for Amazon, including automotive accessories
  • Amazon Categorizer and Product Match functionality for the UK
• Paid Search
  • Creative Reporting that tracks ad creative performance for Google, Bing and Yahoo!
  • Social media tracking that measures clicks and revenue generated from social media sites such as Facebook and Twitter
• Comparison Shopping Engines
  • Support for Google Product Extensions and the Google Affiliate Network within the Google Product Search data feed
  • Increased support from 92 to more than 115 providers worldwide

In other first quarter highlights, ChannelAdvisor continued to expand its workforce with 30 new hires.  The company plans continued global workforce expansion in sales, marketing, engineering and support.

About ChannelAdvisor

ChannelAdvisor helps the world sell more online with applications that enable retailers to efficiently distribute their products across multiple online channels, drive shoppers to those products and then convert those shoppers into customers. The ChannelAdvisor platform empowers retailers to distribute their products across multiple online marketplaces, comparison shopping sites and search engines. With application features such as keyword generation, in-depth reporting, and a merchandising engine, retailers gain the solutions they need to easily fine-tune and analyze their marketing efforts to drive more shoppers to their products. ChannelAdvisor's rich media offerings and storefront applications enable retailers to provide an engaging online shopping experience that represents their brand and is optimized to convert shoppers into buyers.  In 2009, ChannelAdvisor managed $2.6 billion in gross merchandise value (GMV) on behalf of leading retailers around the world including Saks, Dell, Brookstone and GSI Commerce.  ChannelAdvisor is headquartered in Research Triangle Park, NC with offices in Atlanta, Seattle, New York, the United Kingdom, Australia, Ireland and Germany.  For further information, visit www.channeladvisor.com.

SOURCE ChannelAdvisor

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