NETSUITE ECOMMERCE CUSTOMERS' HOLIDAY SALES SKYROCKET AT TWICE THE NATIONAL AVERAGE
2,000+ NetSuite Ecommerce Merchants Grew Online Revenues 24 Percent to More Than $750 Million in 2010
Seamless Back-Office Integration Fuels Growth by Enabling Targeted Marketing, Dynamic Merchandizing, Global Selling and Real-Time Inventory Management
SAN MATEO, Calif.—January 27, 2011—NetSuite Inc. (NYSE: N), the industry's leading provider of financials / ERP software suites, today announced that the thousands of companies using NetSuite's Ecommerce solutions saw holiday revenues grow an average of 24 percent in 2010 compared to 2009 on a per-merchant basis.
Digital business analysis firm comScore recently issued its annual report showing a record $32.6 billion in U.S. online holiday sales in 2010, representing a 12 percent increase from the previous year. Thousands of companies running their business on NetSuite Ecommerce, however, were able to boost sales at twice the national average pace as highlighted by comScore, and significantly higher than the 2.3 percent increase in 2010 U.S. holiday sales as forecasted by the National Retail Federation. This tremendous growth was fueled by a 21 percent increase in orders and a 31 percent increase in page hits seen by NetSuite Ecommerce companies in a year-over-year comparison. This data set reflects thousands of NetSuite customers ranging from manufacturers and wholesale distributors to pure-play Ecommerce providers representing hundreds of millions of dollars in transactions.
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