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ALBANY, NY - March 9, 2010 - In a year of declining retail sales and double-digit unemployment, CommerceHub®, the ONE Connection® for supply chain integration and fulfillment solutions, announced continued performance growth driven by increasing use of drop-ship fulfillment and a strong holiday season for online sales. The US Commerce Department reported that while overall retail sales were down -6.2% in 2009, retail sales during the holiday season grew +1.9% over the previous year period. The one bright spot of growth in the overall slow economy was online sales,” said Mike Nelsen, COO of CommerceHub. “Our business activity was up significantly with the holiday season growth online.” comScore reported strong online spending growth in the 2009 holiday season, with retail eCommerce sales up 4% over the equivalent 2008 period. During this years holiday season CommerceHub® had a 23% growth in drop-ship fulfillment transactions over the 2008 season. In 2009, CommerceHub® grew its overall revenue by more than 20%. It grew its network by over 30%, with over 6,000 supplier connections and over 7 million unique product SKUs represented on the network. “With a focus of managing inventory costs, multi-channel merchants are realizing the benefits of drop-shipping as a virtual warehouse, where they fulfill online sales without the cost of inventory handling or warehousing,” said CEO of CommerceHub®, Steve Hamlin. CommerceHub® is the ONE Connection® for eCommerce merchants to increase product offerings, broaden markets, and drive revenue without incurring inventory handling and warehousing costs. CommerceHub® provides a comprehensive suite of supply chain event applications that enables merchants to drop-ship products from suppliers directly to customers while maintaining the same degree of customer service, fulfillment performance, and brand management as if they actually shipped the product from their own warehouses.
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In 2011, CommerceHub® grew overall revenue by more than 20%. The CommerceHub® network grew by more than 103% on Black Friday. CommerceHub® has CommerceHub® has |
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