ChannelAdvisor sees record GMV growth

ChannelAdvisor Corporation known as leading provider of e-commerce channel management solutions announced record day of $ 18 million. E-commerce Channel Sales on Cyber Monday. It observes rather big GMV (Gross Merchandise Volume) growth. Early in the 2008 holiday shopping season it provided e-commerce channel management solutions.

It is pointed that ChannelAdvisor broke its largest one day GMV total of $ 11.6 m that was covered November 26, 2008 twice this holiday season with $ 15 m on November 28, 2008 which was Black Friday and $ 18 m that was done on December 1, 2008 during the so-called Cyber Monday. 

The summary of some financial results was based on some highlights from the ChannelAdvisor Complete platform for Black Friday and for Cyber Monday. This summary included such issues as comparison shopping engines, year GMV growth Data, marketplaces, etc. 

According to Scot Wingo, Chief Executive Officer of ChannelAdvisor even global economic downturn, financial pressure didn't affect the record GMV levels for Black Friday and Cyber Monday during holiday season.

Moreover, consumers continue to do their usual online activities. They keep researching, shopping, buying products via e-commerce channels. Also the experts noted that ChannelAdvisor more and more customers by providing the ChannelAdvisor Complete suite that gives customers a competitive advantage and allows them to take share at a critical time.