Channel Intelligence Blog

New webinar from CI: How to Win in 2010

A must for any retailer hoping to compete in the various shopping channels online, our latest webinar discusses what can be learned from the retail strategies that worked in 2009 and also details important marketing pitfalls to avoid going forward.

Despite the toughest economic climate in 26 years, CI’s retailer clients were able to carve out successful strategies that resulted in positive performance well above the industry norm. Find out what they did to set themselves apart from other retailers.

The webinar is slated for Thursday, February 11, 2010, 1:00 PM - 2:00 PM EST.

Reserve your spot here: https://www1.gotomeeting.com/register/828722376

Several specific points of interest in retail marketing will be covered. Among the insights to be revealed are: which tactics and strategies met with success in the various shopping channels in 2009, which channels brought the biggest results, how retailers used re-targeting display ad campaigns to their advantage, and the best performing retail products and categories in 2009.

In addition, the CI team will show retailers how to determine when shopping channel campaigns should be outsourced and how to structure a performance model to guide outsourcing.

Sunday is the new Monday

Mondays are notoriously popular for online shopping during the holiday season. But Sundays are even bigger for Channel Intelligence customers.

Cyber Monday, that magical (and maybe mythical) day when Americans take advantage of their connectivity at work to knock out some holiday shopping, continues to be touted as a meaningful day -- and it is. But for CI customers it is definitely not the biggest online sales day of the season. Across the retailers using our services, Cyber Monday online sales were 31 percent lower than Thanksgiving Day and 20 percent lower than Black Friday.

Now we hear people talking about "Green Monday," which I've seen defined both as: A) The second Monday in December; and B) The last Monday that is at least 10 days before Christmas. I won't get wrapped up in the minutiae of the definition since both fit according to this year's calendar. However, from our perspective it's a moot point anyway, because the Sunday activity in recent weeks is far more interesting.

Post-Cyber Monday, the biggest year-over-year growth and the highest sales volume for our customers have been on Sundays.

Sales for Sunday, Dec. 6 were up 69 percent year-over-year on a same-store basis from the comparable Sunday in 2008. And sales for Sunday, Dec. 13 were up 62 percent YOY.

In terms of Sunday / Monday sales volume this year, Monday, Dec. 7 was 17 percent lower than the day before, and Monday, Dec. 14 was 5 percent lower than the previous day.

So why is there a shift toward Sunday buying online?

Maybe people spend the weekend browsing in the brick-and-mortar stores so they can see and touch the items, but then wait until they get home to actually pull the trigger on the purchase.

Or maybe many shoppers wait until they get the inserts in the Sunday paper and then shop online to get the advertised prices.

That's exactly what happened at my house this week, where thanks to online-offline pricing parity, my wife was able to fit in a decent amount of shopping from home before leaving to meet her girlfriends for lunch at The Cheesecake Factory.

And that, my friends, was a win-win. Because online retailers were closing sales, and I was the recipient of a slice of cheesecake to go.

Cyber Monday sales up 83 percent for CI customers

They did it again!

Comparing Cyber Monday 2009 to 2008, CI retail customers on average enjoyed an 83 percent increase in sales.

Cyber Monday’s jump this year was higher than Thanksgiving’s 67% and Black Friday’s 70% increase over last year. But looking at total sales so far this year, Thanksgiving Day still reigned with the highest consumer spending among our retailer customers, followed by Black Friday and Cyber Monday.

While total sales for Cyber Monday still trail Thanksgiving Day and Black Friday, Monday’s 83 percent jump this year was higher than Thanksgiving’s 67 percent and Black Friday’s 70 percent increase over 2008. However, Cyber Monday sales remained 37 percent lower than Black Friday’s, confirming the trend that more consumers are shopping earlier in the holiday season this year.

The shift is occurring in large part due to the extensive promotions prior to Thanksgiving as well as special Thanksgiving-only deals found online this year.

Here are some more details to chew on: Our exceptional overall customer performance was driven primarily by large-scale retailers, the top 25 percent of our retail customer base. The sales of CI’s mid-sized and small–tier retailers more closely aligned with industry averages, though still higher than those reported by ComScore. 

Here are the sales increases broken out by CI’s mid-sized and small-tier retailers:

• Thanksgiving Day: 11%
• Black Friday: 18%
• Cyber Monday: 25%

Compare that to the sales increases across all our retailer customers from 2008 to 2009:

• Thanksgiving Day: 67%
• Black Friday: 70%
• Cyber Monday: 83%

The big retailers are doing REALLY well, off to a fantastic start to the 2009 holiday shopping season.

Our Thoughts on Cyber Monday Caught on TV

WFTV coverage of the start of the holiday shopping season included a stop by the CI offices on Monday.

Eyewitness News had been monitoring online deals all day Monday, reporting to viewers about what to expect. Reporter Melanie Holt talked with shoppers out and about and showed how this year some major retailers rolled out their major online deals well before Monday.

The Cyber Monday report featured our founder and CEO, Robert Wight, discussing how large retailers are performing this year and also what that means for holiday shoppers in terms of prices.

Read the synopsis or view the video here!

Retail Clients’ YOY Sales Increases for Thanksgiving and Black Friday Beat Industry Averages

This year, results for our online retail customers during the Thanksgiving holiday season were better than we had originally expected.

Thanksgiving Day sales for 2009 were up 67% over 2008 and Black Friday sales increased 70% for CI retailers, while Comscore found that average online retail sales on Thanksgiving Day grew 10% and Black Friday 11% over 2008.

For the second year in a row, Thanksgiving Day online sales for CI retailers were higher than those of Black Friday, this year by 8%.

In addition, the two days prior to Thanksgiving saw increased sales of 48% and 67% respectively. Post-Black Friday online sales were similarly positive with Saturday reaching a 73% increase and Sunday showing a 66% increase in sales over the same days in 2008.

New Metrics for Measuring the Effectiveness of Display Advertising

Do you currently use online display advertising? Are you interested in learning how performance of this media can be measured more accurately? 

Join us for a webinar Thursday, November 19, at 2 PM EDT. 

Traditionally, online display advertising (banner ads, anyone?) were measured only in terms of clicks or impressions. With clicks on the decline and budgets tightening, it’s important to measure accurately the true effectiveness of display advertising campaigns so marketers like you can make informed decisions to maximize your ad spend.

Now, it’s possible to measure a display ad’s effect beyond immediate clicks. In fact, it’s proven that buying behavior is affected even in consumers who may have seen an ad but didn’t click it. Display ads are also known to produce an effect on other seemingly unrelated marketing campaigns. Now, an ad’s effects can be quantified in concrete terms. 

This improved measurement lets marketers better target future ads to continually improve performance, as well as determine more effective allocation of marketing budgets.

Steven Roth, VP, Performance Marketing at CI, presents this new webinar, promising to help advertisers learn more about the best ways to measure and improve the effectiveness of display ads. 

Register for the webinar here!

Tips for Accelerating Product Sales with Google – Recorded Webinar Now Available

Our latest webinar, Accelerating Product Sales from Google, is now available online.

In this webinar, representatives from CI and Google provide tips, such as which changes to a merchant's data feed can make the biggest impact, and discuss upcoming Google enhancements that will be available for the 2009 holiday season. Access the recorded webinar here.

Some of the points addressed include:

• How to take advantage of Google's new Gallery View feature, which will soon be widely available.
• How a merchant's data feed is used to power other Google properties, including AdWords, OneBox and the Google Affiliate Network.
• What changed with the switch from Google Base to the new Google Merchant Center.
• What to do when a merchant has issues submitting a data feed to Google.
• How reviews can be used to differentiate a merchant's listing.
• Tips for promoting local stores on Google via the product data feed.

You're sure to take away about a dozen points that you can put into practice right away. Enjoy!

New Webinar: Accelerating Product Performance and Sales from Google Starts with Your Data Feed

Have some time available this afternoon? Why not stop by for our latest webinar, scheduled for today, Wednesday, October 14, 2009, from 1:00 PM to 2:00 PM EDT. 

The webinar will feature how to boost product sales through enriched product data feeds and other retailer-tested tips, as well as introduce several new innovations merchants can draw on. Guest speakers from Google, Inc. will join CI to present upcoming Google enhancements that retailers can leverage for the 2009 holiday season.

Guest speakers Vivek Tata, Associate Product Marketing Manager, and Sarah Beritzhoff, Strategic Partner Manager, of Google, Inc., will join CI’s Larry Weeks, Senior Manager of Strategic Marketing Consulting, and Rob Streeter, Sr. Manager Partner Development, to discuss ways merchants can better leverage Google for a more profitable 2009 holiday shopping season.

A foundational element often overlooked when advertising on Google is the provision of content rich, high-quality data feeds, since Google's powerful database leverages data feeds to render the merchants' products to the right consumer at the right time. Expect to learn more about this essential element and its role in successful campaigns, as well as a host of other ways to improve sales performance. 

Register here: https://www1.gotomeeting.com/register/954874201

Channel Intelligence Acquires Storefront, Order Management and Fulfillment Assets from Vcommerce

CI just announced it has acquired certain key assets of Vcommerce, a  provider of ecommerce software solutions located in Scottsdale, AZ. Through a new, wholly owned subsidiary, CI will provide storefront, order management and fulfillment services to retailers, manufacturers and publishers across several industry verticals.

The combination of the Vcommerce storefront and fulfillment services with Channel Intelligence’s industry leading performance based marketing solutions means CI will now offer the industry’s most complete set of services for manufacturers, publishers and retailers.

With its new capabilities, CI will be a leading provider of Commerce Platform as a Service (PaaS) solutions, with over $2B annually in referred sales to leading manufacturers and retailers such as Best Buy, HP Home and Home Office, Kimberly-Clark, Neiman Marcus, Philips, Target, Garmin, OfficeMax,  Samsung, Charming Shoppes, Black & Decker and hundreds more. The acquisition will expand CI’s e-commerce platform services, increasing its overall customer base to 235, with more than 25% represented in the Internet Retailer Top 250.

CI will also maintain a west coast office in Phoenix, AZ, in addition to its headquarters located in Orlando, FL and its European offices.

Read more in the official press release here.

Find us at the Shop.org Annual Summit

Drop by Booth No. 731 at the Shop.org Annual Summit in Las Vegas this year (Sept. 21-23) to say hello and see what’s new with CI.

Our booth this year is going to be all abuzz as we unveil several new services. With our recent acquisition of Vcommerce assets, we’re excited about introducing our new eCommerce Storefront, Order Management and Fulfillment & Integration Solutions.

We’ve also been cooking up a few new offerings on the home front, specifically a new enterprise-level Paid Search Solution and a Display Advertising Solution. These new products leverage proprietary CI technology to help manufacturers and retailers get more from their online advertising channels.

Look us up to get all the details firsthand or check our site for more information next week!