A North Carolina company that provides technology and services to online retailers reports that it is seeing significant gross merchandise volume (GMV) growth across multiple e-commerce channels so far this holiday season.
Twice this holiday season, the company has broken its largest one day GMV total. The previous record of $11.6 million set on Nov. 26, 2007, was broken with $15 million on Black Friday, Nov. 28, 2008, and $18 million on Cyber Monday, Dec. 1, 2008.
“This early data shows,” said CEO Scot Wingo, “that even with economic pressures, consumers continue to research, shop and, most importantly, buy products via e-commerce channels during this holiday season.”
Wingo also noted that his company’s customers are growing at a 6 percent to 8 percent year-over-year same-store-sales rate.
Here are ChannelAdvisor’s Black Friday results:
Paid search on Google, Yahoo!, MSN, Ask.com, etc: 168 percent year-over-year GMV growth
Comparison shopping engines (Google Product Search, Shopping.com, Shopzilla, etc.): 74 percent year-over-year GMV growth
Marketplaces (eBay, Amazon, Overstock.com, etc): 19 percent year-over-year growth; 230 percent year-over-year GMV growth via Amazon Merchants
ChannelAdvisor’s Cyber Monday results are:
Paid search: 173 percent year-over-year GMV growth
Comparison shopping engines: 77 percent year-over-year GMV growth
Marketplaces: 22 percent year-over-year GMV growth; 231 percent year-over-year GMV growth via Amazon Merchants.
ChannelAdvisor’s headquarters are in Research Triangle Park, N.C.