Marketworks Announces Record 4th Quarter Performance
By Ina Steiner
Marketworks announced it completed its most successful quarter in the company's 7-year history, facilitating over $200 million in sales volume in the fourth quarter. It also had record-setting single-day sales of more than $15 million on "Cyber Monday," the Monday following Thanksgiving. The company said a portion of its holiday-season success could be attributed to the "increased popularity of Amazon's marketplace with buyers and sellers."
Marketworks provides small and mid-sized businesses with a multi-channel ecommerce solution that enables merchants to distribute products and process orders across Internet shopping channels. It said it has added more than 1,000 new customers to its multi-channel solution and expanded its service offerings through relationships with Google, Amazon, NetSuite and eBay.
"Ecommerce revenue has passed the $100 billion mark for the first time ever in 2006 - getting its final push from a 26 percent increase in holiday sales from the previous year," said Ken Powell, president & CEO, Marketworks. "With growth like this, it's easy to see why more and more small to medium-sized businesses are using Marketworks to aggressively expand their online sales beyond their web store."
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
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