SOURCE: CommerceHub

CommerceHub

March 09, 2010 09:01 ET

CommerceHub Continues Performance Growth

Strong Holiday Season Drives Increase in Drop-Ship Fulfillment

ALBANY, NY--(Marketwire - March 9, 2010) -  In a year of declining retail sales and double digit unemployment, CommerceHub, the ONE Connection for supply chain integration and fulfillment solutions, announced continued performance growth driven by increasing use of drop-ship fulfillment and a strong holiday season for online sales. The US Commerce Department reported that while overall retail sales were down -6.2% in 2009, retail sales during the holiday season grew +1.9% over the previous year period.

"The one bright spot of growth in the overall slow economy was online sales," said Mike Nelsen, COO of CommerceHub. "Our business activity was up significantly with the holiday season growth online."

comScore reported strong online spending growth in the 2009 holiday season, with retail eCommerce sales up 4% over the equivalent 2008 period. During this year's holiday season, CommerceHub had a 23% growth in drop-ship fulfillment transactions over the 2008 season.

In 2009, CommerceHub grew its overall revenue by more than 20%. It grew its network by over 30%, with over 6,000 supplier connections and over 7 million unique product SKUs represented on the network.

"With a focus of managing inventory costs multi-channel merchants are realizing the benefits of drop-shipping as a virtual warehouse, where they fulfill online sales without the cost of inventory handling or warehousing," said CEO of CommerceHub, Steve Hamlin.

CommerceHub is the ONE Connection for eCommerce merchants to increase product offerings, broaden markets, and drive revenue without incurring inventory handling and warehousing costs. CommerceHub provides a comprehensive suite of supply chain event applications that enables merchants to drop-ship products from suppliers directly to customers while maintaining the same degree of customer service, fulfillment performance, and brand management as if they actually shipped the product from their own warehouses.

About CommerceHub
CommerceHub is the industry's leading provider of fulfillment and integration solutions for retailers and wholesale distribution companies. With more than a decade of experience working with Top 25 retailers, distribution supply chains and a wide array of major brand name suppliers, CommerceHub manages more than $6 billion in goods annually on behalf of such industry leaders as Sears, Sears CA, MSC Industrial, Kohl's, Costco, QVC, Staples, Best Buy, Meijer, drugstore.com, Walgreens, Dell, Toshiba, Sanyo, Minolta, Gateway and Little Tikes.

For information on the CommerceHub ONE Connection visit www.commercehub.com.

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