ChannelAdvisor Announces Record Fourth-Quarter Vol
Record Profitability, Plans to Accelerate Hiring and Gro
2010
ChannelAdvisor Customers See Amazon Sales Nearly Double During the Holiday Season
January 20, 2010 06:03 AM Eastern Time
RESEARCH TRIANGLE PARK, N.C.--(EON: Enhanced Online News)--ChannelAdvisor, a solution provider that enables onlin
improve efficiency and increase revenue, rounded out 2009 with record-breaking holiday volume and more than 200 new customer
including Carphone Warehouse, Deckers, Giggle, Lenovo, Newport News, Onlinegolf, Spiegel, and True Religion. ChannelAdviso
more than 60 people in 2010 to meet growing demand for its products as e-commerce continues to expand globally.
“For ChannelAdvisor, 2009 was a fantastic and transformative year as we achieved our profitability goal of becoming EBITDA pos
Wingo, ChannelAdvisor CEO. “We’re the most efficient we’ve ever been and have set the stage for solid, profitable growth in 201
to meet rising demand for our services.”
The 2009 holiday season marked the fourth consecutive year that ChannelAdvisor broke its Cyber Monday gross merchandise valu
with more than $800 million in transaction volume during the quarter. ChannelAdvisor’s GMV for Black Friday, November 27, 20
$17 million, and for Cyber Monday, occurring November 30, 2009, ChannelAdvisor’s GMV totaled $18.5 million. Further, a Blac
Cyber Monday comparison of same-store-sales showed an increase of more than 70 percent for ChannelAdvisor customers on A
increase of more than 7 percent for customers on eBay.
“For our retailers, ChannelAdvisor drove tremendous growth on Amazon in 2009, making us the largest third-party integrator on A
Wingo. “ChannelAdvisor also increased retailer’s eBay sales throughout the holiday season—further evidence that eBay’s refocus i
success.”
One particular example of holiday success came from Gem Stone King, an online retailer of diamonds and jewelry based in New Y
York.
“In December of 2009 we sold 20,000 items—a company record—on eBay thro