September Surges for E-Commerce Industry Health
Health & Wellness Index Reports 34% Increase in Health
Redwood City, CA—October 25, 2010—MyBuys, the leading provider of personalization for multi-channel retailers, today released the September 2010 edition of the MyBuys E-commerce Wellness Index™. The index measures the overall health of U.S. e-commerce and tracks key trends among retailers. Total revenue increased 17% versus same period last year.Revenue from full-priced item sales was up 38% during the month of September which drove the Index up 34% compared to the same month one year ago. This is the largest increase in industry health since inception. The increase is partially attributed to a 5% decrease in the number of orders with promoted items and a 46% increase in orders without promoted items present. Revenue from promoted goods dropped 21%. The average depth of discount remained at 26%.
“Retailers’ momentum continues to increase and the consumer is buying without nearly as much promotion,” said Robert Cell, CEO MyBuys. “We continue to see improvements in the health of the industry, and now the improvements are translating into increased revenue and margin heading into the all important holiday season. It is great to see promotion of personalization strategies and reduction in discounting as key components of this marked turnaround from the gloomy outlook from a year ago.”
The September 2010 Index also demonstrates the power of personalization as retailers saw a 19% increase in average order values for personalized transactions compared to sales without personalization.
|
Key Stats: September 2010 vs. September 2009 |
|
| MyBuys E-Commerce Wellness Index | ↑ 34% |
| Total revenue year-over-year | ↑ 17% |
| Total revenues from products sold at list price | ↑38% |
| Total revenues from products sold with a discount | ↓ 21% |
| Depth of discounts | ↑ 0.4% |
| Average Order Value for personalized transactions | ↑ 19% |
About the MyBuys Ecommerce Wellness Index™
The MyBuys Composite Index aggregates total sales, non-promoted sales, discounted sales performance, depth of discounts, AOV and consumer impulse response from our more than 300 MyBuys clients.
About MyBuys
MyBuys is the leading provider of personalization for multi-channel retailers. The company builds deep profiles based on each individual shopper's behavior, then uses a patented portfolio of algorithms and real-time optimization to deliver the most relevant recommendations. MyBuys' clients are increasing engagement by over 100% across all channels, average order value by 45 percent, conversion rates by 90 percent, and boosting overall online revenue 10-30%. Over 300 companies, including more than 70 of the Internet Retailer Top 500, partner with MyBuys to offer intelligent, personalized recommendations to their shoppers. Based in Redwood City, Calif., MyBuys is a privately held company. Visit them online atwww.mybuys.com.
News Source : September Surges for E-Commerce Industry Health
More User Press Releases
- E-Commerce Stays Strong in the New Year For MyBuys
- MyBuys Doubles Revenue in 2010 Cementing Leadership Position in Personalization
- MyBuys Accelerates Advertising Growth with Four Senior Executive Hires
- Holiday 2010 Online Sales Much Stronger for Retailers
- Cyber Monday Sales Rocket 23% with Strong Holiday Season Underway
- On-line Holiday Shopping Surging as Sales up 19% on Black Friday
- MyBuys Delivers Another Record Quarter for its Leading Multi-Channel Personalization Service
- Momentum for E-Commerce Industry Steams Forward In October
- Retailers' Online Margins Show Strong Improvement as Pricing Power Improves
- MyBuys Launches First, Fully Personalized, Mobile Ecommerce Solution
Like this site on Facebook
Distribute Press Release
- Post press release to 50+ free press release websites.
- Send to 100+ online publications.
- Effortlessly publish all your press releases with our automated pickup and submission service.
Shopping cart
User login
Search
Bookmark/Search this post
Primary Menu
- News by Region
- Business
- List of Industries
- Technology
- Aerospace & Defense
- Agriculture & Forestry
- Arts
- Automotive
- Business Services
- Chemicals
- Construction & Maintenance
- Consumer Goods
- Education
- Electrical & Electronics
- Energy
- Entertainment
- Food & Related Products
- General Business
- Government
- Healthcare
- Heavy Industry
- Home
- Industrial Goods & Services
- Industrial Materials
- Medical
- Mining & Drilling
- Publishing & Printing
- Retail
- Society
- Sports
- Supermarkets
- Telecommunications
- Textiles & Nonwovens
- Transportation & Logistics
- Travel & Hospitality
- Wholesale
