Two years ago GSI Commerce joined eBay Inc., unlocking greater opportunity and potential for us and for our clients. Today GSI becomes eBay Enterprise. It’s our new name as one of eBay Inc.’s three main business units. And it best captures our business today: a strong enterprise commerce partner of choice for retailers and brands, backed by the full capabilities of eBay Inc., a global commerce platform and payments leader.
Technology is enabling a commerce revolution. Consumer expectations are rapidly changing. And retailers and brands must rapidly innovate to drive consumer engagement and loyalty. Commerce today is omnichannel – able to occur seamlessly across any connected screen or physical store environment. Competing and winning requires integrated solutions and new tools and approaches.
For many leading retailers and brands today, eBay Enterprise is helping to deliver the future of commerce. We are a partner to more than 1,000 retailers and brands, providing leading commerce technologies, marketing solutions and omnichannel operations capabilities that enabled $4 billion of ecommerce transactions in 2012. We have a proven track record of helping our clients grow their online businesses faster than the industry, with same-store-sales consistently outperforming ecommerce growth rates.
As part of eBay Inc., we’re delivering our clients greater omnichannel capabilities. For example, we expect that by the end of 2013 more than 30 of our clients will have stores on the eBay Marketplaces platform, creating an additional distribution channel to help grow their businesses. Also by the end of this year, we expect PayPal coverage to extend to over 90 percent of our client volume. With great PayPal integrations, our clients are seeing increased conversion at checkout – another way eBay Enterprise helps retailers and brands grow.
To help our clients compete and win, eBay Enterprise will continue leveraging eBay Inc. technology, including local and mobile commerce innovation. And we are committed to leveraging data in ways that enable our retail and brand partners to deliver unparalleled loyalty-driven consumer experiences.
Commerce drives the world. And we are driving the world of commerce. On behalf of our entire team, welcome to the new eBay Enterprise.
Q. Why is GSI Commerce changing its name to eBay Enterprise?
A: Two years ago GSI Commerce joined eBay Inc., unlocking greater opportunity and potential for us and for our clients. Today GSI becomes eBay Enterprise. It’s our new name as one of eBay Inc.’s three main business units.
Q. Why now?
A: It reflects eBay’s commitment to partnering with retailers and brands to help them compete and win. The name highlights the enormous synergies between eBay Inc.’s portfolio of businesses and the solutions we are uniquely able to provide. It’s the next stage in our evolution and allows us to bring more value to our clients. Our Product and Service delivery teams are more closely aligned and are working to integrate solutions for our clients.
Q. What does this mean for the brands and retailers that work with GSI?
A: GSI’s name change reflects eBay’s commitment to becoming the partner of choice for retailers and brands. For our clients, we will enhance our focus on bringing capabilities from across eBay Inc. to help them engage today’s connected consumer. Our teams and leaders from across the organization will work closely together to deliver results. There will be no changes to our client management teams or day-to-day points of contact as a result of this name change.
Q. How does eBay Enterprise help clients compete and win in the omnichannel retail environment?
A: As part of eBay Inc., we give our clients greater omnichannel capabilities. For example, we expect that by the end of 2013 more than 30 of our clients will have stores on the eBay Marketplaces platform, creating an additional distribution channel to help grow their businesses. Also by the end of 2013, we expect PayPal coverage to extend to over 90 percent of our client volume.