Comparing the current results to its competitors, Channeladvisor reported Revenue increase in the 3 quarter 2022 by 4.61 % year on year. The sales growth was above Channeladvisor's competitors' average revenue growth of 2.24 %, achieved in the same quarter.
Channeladvisor's Comment on Competition and Industry Peers
The market for products that help retailers and branded manufacturers reach online
consumers is competitive. The competitive dynamics of our market are unpredictable
because it is in an early stage of development, rapidly evolving, fragmented and
subject to potential disruption by new technological innovations and the ability
of channels to compete with us or make changes to which we need to rapidly adapt.
Several competitors provide solutions that compete with some of the capabilities
of our platform, including those who provide software or services to connect retailers
and branded manufacturers with one or more online channels. We also compete with
in-house solutions used by retailers and branded manufacturers that elect to build
and maintain their own proprietary integrations to online channels. In addition,
we compete with the channels themselves, which typically offer software tools,
often for free, allowing retailers and branded manufacturers to connect to them.
Overall company revenue, increased by 4.61 % faster than Channeladvisor's competitors within this division and its market share improved to approx. 31.49 %. << More on ECOM Market Share.
*Market share is calculated based on total revenue.
Publicly Traded Peers of Channeladvisor Corporation
Kaspien Holdings Inc Share Performance
+55.74%
Over The Past 5 Days
Kaspien Holdings Inc
Profile
Kaspien Holdings Inc.'s business model revolves around e-commerce retail and technology solutions. The company partners with brands to optimize their presence on online marketplaces, providing services such as inventory management, marketing, and fulfillment. Through effective strategies, Kaspien aims to drive sales growth and enhance brand visibility in the digital marketplace.
Pfsweb Inc is a global commerce services provider that offers end-to-end digital commerce solutions. Their business model revolves around integrating technology, logistics, and customer service to assist companies with online retailing. They provide services such as website development, order management, fulfillment, customer care, and marketing for businesses looking to expand their e-commerce capabilities.
Sources:
Channeladvisor Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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