Contact Information: Mercent PR Contact: Kristine Szarkowitz Kristines@mercent.com (Tel:) 206.310.5323
Mercent Reports 550% Q3 Retail Sales Growth On Microsoft Bing(TM) Shopping & Bing(TM) Cashback; Anticipates Comparable Fourth Quarter Growth
| Source: Mercent
SEATTLE, WA--(Marketwire - October 27, 2009) - Mercent™, a leading provider of
on-demand marketing solutions for retailers, today reported Mercent retail
clients selling through Microsoft Bing™ Shopping and the popular
Microsoft Bing™ Cashback increased gross merchandise value by 550% in Q3
relative to the second quarter 2009. Significant growth demonstrates
Bing's selling effectiveness and the staggering rate at which merchants are
adopting this online advertising and sales channel using Mercent's
platform.
"Mercent has done a commendable job of seamlessly integrating its online
channel management platform with the Bing Shopping system," commented
Trevor Klein, Senior Vice President at Auto Anything. "There was
absolutely zero work required on our part. Most important, we realized
product sales immediately following launch. We believe engaging this
channel through Mercent will absolutely help accelerate and increase sales
for Auto Anything this holiday season and beyond."
Over the past 24 months consumer spending habits have changed the retail
playing field, placing pressure on merchants to demonstrate value to
consumers in new ways and in new locations. With turnkey integrated
support for Bing Shopping and Bing Cashback along with more than 50 other
major online shopping destinations, Mercent offers retailers a unified way
to reach and sell to more than 250 million online consumers.
According to Glen Hamilton, Director of Online, CarToys, "Mercent continues
to demonstrate true market leadership with their support for Bing Shopping
and the Bing Cashback program. We are at the onset of the holiday shopping
season and already exceeding our sales forecasts for the fourth quarter
with Mercent and these online channels."
Despite the slow economy, online retail sales continue to grow. According
to industry leading research firm Forrester Research, "By the end of 2009
U.S. online retail sale will increase 11% to $156 billion -- an approximate
increase of $14.8 billion over 2008. Furthermore, eCommerce sales are
expected to continue rebounding in 2010 and experience double digit growth
through 2011."
According to Eric Best, Mercent CEO, "Merchants recognize the value of
low-cost access to highly popular and profitable channels like Bing
Shopping and Cashback. Bing is a highly successful program for our clients
and from early Q4 estimates we believe retailers selling through the
channel will see similar, if not slightly higher, revenue results in the
holiday quarter."
About Mercent Retail™
Mercent Retail™ is an on-demand, online channel management
platform designed exclusively for multi-channel retailers. The
solution gives merchants the power to reach more than 250 million customers
with targeted products, advertisements and promotions through the most
popular online marketing channels. Based on a proven and industry-leading
platform, Mercent Retail™ offers seamless integration with back-end
retail e-commerce systems and turnkey data integration with analytics and
paid search platforms to give retailers campaign intelligence and the power
to change product promotions and offers 'on-the-fly.' Most important, the
SAAS platform makes it easy and cost-effective for merchants to increase
sales revenue, improve gross margins and optimize their return on
advertising spend by promoting and selling the right products with the
right merchandising offers on key retail channels.
Mercent Retail™ helps the world's leading online retailers promote their
products across online transactional marketplaces like Amazon and eBay. The
technology handles the complex and unique challenges of managing multiple
data feed exchanges and is ideally suited for connecting retail systems
with sophisticated online marketplace and comparison shopping APIs. Mercent
Retail also addresses the correct mapping of products, automates order
processing, and provides ongoing data feed monitoring to rapidly and
efficiently grow marketplace revenues.
Information regarding Mercent Retail shopping
feed management technology, Mercent
Performance marketing services, and the complete list of online marketing channels in
the Mercent Shopping
Network are available at www.mercent.com.
About Mercent
Mercent is a leading provider of online channel marketing technology and
services for retailers. Through its award-winning Mercent Retail™ SAAS
technology and Mercent Performance™ professional services, Mercent helps
the world's most successful online merchants including 1-800-Flowers, Bass
Pro Shops, Brookstone, GUESS?, L'Occitane USA, Redcats Group, and REI
optimize online shopping channel marketing campaigns to drive customer
acquisition, revenues, profits, and inventory velocity. Mercent is the
single point of integration with a vast online advertising network that
includes transactional marketplaces such as Amazon.com and eBay; comparison shopping
engines (CSEs) such as Shopping.com and NextTag; affiliate marketing
programs such as LinkShare and the Google Affiliate Network; and other
product advertising channels including Microsoft Bing Cashback and Google
Product Ads. The company is a 'Selling on Amazon.com' Certified System
Integrator, Buy.com Gold Certified Partner, eBay Certified Provider,
certified Google
Product Search Partner and Yahoo! Search Submit Pro certified feed
provider. Founded by a seasoned team of Amazon.com veterans, Mercent is a
venture-funded company based in Seattle, WA. For more information, visit
www.mercent.com.