ChannelAdvisor, the leading provider of channel management solutions (CMS) and Overstock.com (NASDAQ: OSTK), the popular online discount retailer, announced today that the companies have implemented new software systems designed to bring online retailers’ merchandise to Overstock.com by leveraging the ChannelAdvisor Complete™ platform.
ChannelAdvisor Complete is the first channel management solution to fully integrate with Overstock.com, enabling online retailers to list their merchandise and process orders placed on the Overstock.com shopping site from a single interface.
The tight integration of the two offerings will benefit online retailers such as Designer Athletic, a leading online retailer of quality name brand overstocks and closeouts, including footwear, designer apparel, and athletic gear.
“Expanding our sales into new marketplaces is important to the future growth of our business,” said George Trantas, President of Designer Athletic. “With the implementation of the ChannelAdvisor solution, we will be able to widen our consumer reach and help Overstock.com provide a more complete shopping experience for their customers.”
In conjunction with this announcement, ChannelAdvisor will waive all ChannelAdvisor fees associated with selling via Overstock.com through March 30th 2008.
“ChannelAdvisor clearly understands the rapidly evolving needs of today’s online retailers and this shows in the retail-focused solutions they have developed,” says Patrick Byrne, Chief Executive Officer of Overstock.com. “Overstock.com is the perfect marketplace for online retailers to sell their high-quality, brand name products, and we are extremely excited to enhance our relationship with ChannelAdvisor.”
“By integrating Overstock.com into our platform, ChannelAdvisor continues to provide online retailers the solutions they need to become multi-faceted and innovative retailers,” says Scot Wingo, Chief Executive Officer of ChannelAdvisor.
Online retailers can learn more about this strategic alliance and how to start selling on Overstock.com at www.channeladvisor.com/overstock.
About ChannelAdvisor Corporation
ChannelAdvisor Corporation provides technology and services that enable leading online retailers to maximize their products across multiple e-commerce marketplaces such as eBay, Amazon.com and Overstock.com, comparison shopping engines such as Shopping.com, Shopzilla, Nextag and Froogle and search engines such as Google, Yahoo! and MSN. In 2006, ChannelAdvisor managed over $1.6 billon in gross merchandise value (GMV) on behalf of its customers. ChannelAdvisor solutions combine best practices, on-demand software and integration technology to help retailers sell more products, faster, by automating labor-intensive, manual functions so they spend less time optimizing campaigns and more time solving marketing and business issues. ChannelAdvisor's customers include Nokia, GSI Commerce, Sears and Motorola. ChannelAdvisor Corporation is headquartered in Research Triangle Park, NC with offices in Seattle, the United Kingdom and Germany. For more information, visit http://www.channeladvisor.com/.
About Overstock.com.
Overstock.com, Inc. is an online "closeout" retailer offering discount, brand-name merchandise for sale over the Internet. The company offers its customers an opportunity to shop for bargains conveniently, while offering its suppliers an alternative inventory liquidation distribution channel. Overstock.com., headquartered in Salt Lake City, is a publicly traded company listed on the NASDAQ Global Market System (symbol: OSTK) and can be found online at http://www.Overstock.com.
In respect to Overstock,com, this press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, but are not limited to, statements regarding the benefits the program will bring to online retailers, the ability of the parties to achieve full integration of the program, and the contribution of the program to make improvements in the quality of Overstock.com’s market place for online retailers, as well as all such other risks as identified in Overstock.com’s Form 10-K for the year ended December 31, 2005, and all its subsequent filings with the Securities and Exchange Commission, which contain and identify important factors that could cause the actual results to differ materially from those contained in its projections or forward-looking statements.
