REDWOOD CITY, CA–(Marketwire – April 11, 2011) – MyBuys, the leading provider of personalization for multi-channel retailers, direct brands, and digital agencies, today released the March 2011 edition of the MyBuys E-commerce Wellness Index™. The index measures the overall health of U.S. e-commerce and tracks key trends among retailers. Total revenue for U.S. e-commerce increased 2.3% versus the same period last year and the important metric of revenue from full-priced item sales continues to grow, increasing at a robust 18.3% rate during the month of March while orders with promoted items present fell 24% during the period.
“Retailers are in a much stronger position this year than the past two years as they have continued to move merchandise at much better margins while still being able to grow the overall top-line. From the high-level view, revenue being up only 2.3% masks the rebound that retailers are experiencing,” said Robert Cell, CEO MyBuys. “Merchandising is key to this as consumers are buying full-price product if it is right for them and communicated effectively. Personalizing each digital touch-point is key in facilitating awareness of the right merchandise for each consumer. We are proud of MyBuys proven assistance in increasing our clients’ revenue by powering their cross-channel personalization.”
The March 2011 Index also demonstrates the power of personalization as retailers saw a 19% increase in average order values for personalized transactions compared to sales without personalization.
|Key Stats: March 2011 vs. March 2010|
|MyBuys E-Commerce Wellness Index||↑ 15.3%|
|Total revenue year-over-year||↑ 2.3%|
|Total revenues from products sold at list price||↑ 18.3%|
|Total revenues from products sold with a discount||↓ 25.4%|
|Depth of discounts||↓ 1%|
|Average Order Value for personalized transactions||↑ 19%|
About the MyBuys Ecommerce Wellness Index™
The MyBuys Composite Index aggregates total sales, non-promoted sales, discounted sales performance, depth of discounts, AOV and consumer impulse response from our more than 300 MyBuys clients.