CommerceHub to Acquire ChannelAdvisor for $23.10 Per Share

CommerceHub, an industry-leading commerce network connecting supply, demand and delivery for the world’s leading retailers and brands, and ChannelAdvisor Corporation, a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today announced they have entered into a definitive agreement for CommerceHub to acquire the outstanding shares of ChannelAdvisor in a transaction led by global software investor and current shareholder of CommerceHub, Insight Partners. Under the terms of the agreement, ChannelAdvisor stockholders will receive $23.10 per share in cash, representing a premium of approximately 57% over the company’s closing stock price on September 2, 2022, the last full trading day prior to this announcement.

U.S. Marketplaces Made Large Strides in 2021

U.S. marketplaces out-raced the rest of the world in 2021, despite growing more slowly than they did in a record-setting 2020. It’s worth noting that marketplace growth in 2021 exceeded that of other forms of retail. Global ecommerce sales, which include marketplaces and other forms of digital commerce like direct-to-consumer sites and single-retailer websites, grew just 13.1% in 2021. And third-party GMV growth on marketplaces topped the growth in total marketplace GMV in 2021, reaching 18.4%.

54% of Online Marketplaces Have Embraced Payments Automation

Burgeoning online payments volume is both boon and a challenge for online marketplaces. A boon, of course, for top-line momentum and for proof positive that the business model of bringing buyers and sellers together is here to stay. But the challenge lies with making sure that payables are taken care of with speed and efficiency, as sellers can be far-flung across time zones and currencies. For the mass payout firms themselves, it’s imperative to process payables without error or delay, lest sellers depart for competitors. And as found in the most recent Accounts Payable Automation report, done in collaboration between PYMNTS and Routable, there’s a widespread recognition that automating payables functionalities is a critical consideration.

Seven Ways Big-Box Retailers Can (Painlessly) Move into Wireless Retail

As big-brand national retailers adjust to the post-pandemic evolution in shopper behavior, many are adopting new strategies and exploring additional product lines and verticals to boost profits. The pandemic led to a surge in ecommerce, yet there are signs of reawakening life in the brick-and-mortar experience, and physical stores are seeking to regain market share. Above all, retail brands have learned that customer experience is key and that shoppers are demanding new levels of convenience. Retailers providing a one-stop shop with omnichannel options will inevitably capture more engagement.

E-Commerce Popularity Ignites Growing Investment In Warehouse Automation

It’s no secret that e-commerce has skyrocketed in the past few years. Fueled by the global pandemic, a study from US Census Bureau showed that ecommerce grew 43% in 2020. Two years later, it’s still going strong — and likely never to return to pre-pandemic levels despite some near-term signs of economic slowing. Today, online shopping accounts for 20% of total retail globally, and that number is expected to hit 30% by the end of the decade.

The Shopping Shift to Digital Commerce

If you run a small business, you can no longer ignore digital commerce. Ecommerce is rapidly changing the customer experience shopping for products, as more than 2.1 billion individuals around the world use the internet for buying. The market was enjoying steady growth before the pandemic, but the forced closure of many physical shops led consumers to flock to online sales channels in even greater numbers, pushing the ecommerce market to new heights. According to Digital Commerce 360, gross merchandise volume in the U.S. increased by $102 billion in 2020 and $116 billion in 2021 due to the pandemic.

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