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 e-commerce 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.
- Chris Saridakis, President, eBay Enterprise