Strong growth in trading value achieved before the start of seasonally high-volume fourth quarter
SAN FRANCISCO, Calif. and BRISTOL, UK – November 06, 2013: While the National Retail Federation predicts single-digit growth in overall retail sales for 2013, Forrester Research predicts healthy growth (10% CAGR) in online retail sales over the next five years. Multi-channel retailers hold an advantage over single-channel competitors, since they offer shoppers more convenient ways to find, buy and deliver their gifts. However, multi-channel shopping options create greater challenges for retailers to closely coordinate their merchandizing, customer orders, inventory and fulfillment processes, in order to meet customers’ preferences.
“Multi-channel retailing continues to be one of the fastest growing segments of the economy,” said Salman Malik, chief executive officer of Brightpearl. “Our customers are leveraging Brightpearl’s Commerce Acceleration Platform to synchronize orders, inventory, profit insights and cash flows across all of their channels, including their brick-and-mortar stores, their online stores, marketplaces and more. We are excited for our customers to enter the fourth quarter with such excellent momentum.”
1 Forbes Magazine, “Holiday 2013: Five Trends to Watch” – 10/28/13
2 Integrated Marketing Services, “2013 Trends in Cross-Channel Marketing”
Brightpearl is powerful-yet-simple retail and inventory management software that helps small- and medium-size retailers and wholesalers expand and compete with larger rivals by streamlining sales and supply chain functions across multiple online and offline channels. Brightpearl’s cloud-based software and services enable multichannel merchants to manage the heart of their business by combining purchasing, inventory management, CRM, order processing, accounting, fulfillment, and reporting into a single reliable platform. Founded in 2007 with offices in the U.S. and UK, Brightpearl is used by more than 1,400 merchants around the world. For more information, visit www.brightpearl.com or @BrightpearlHQ.
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