GroupBy Reports 58% Increase in eCommerce Search During 2018 Holiday Sales Season

TORONTO  — GroupBy Inc., a leading provider of relevancy-focused eCommerce solutions, today announced its retail customers saw significant increases in eCommerce search during the 2018 holiday season. The company reports its customers saw a total of 2.72 billion searches between Nov. 20 and Dec. 31, a 58% increase, compared to 1.72 billion searches in 2017 during the same time frame. GroupBy customers also averaged 66.8 million searches a day during the 2018 holiday season. “This data demonstrates that more consumers are shopping online than ever,” said Roland Gossage, GroupBy CEO. “With the volume of online purchases continuing to increase, 2019 will be a critical year for eCommerce retailers to ensure that their search and product data is optimized to make the shopper’s buying experience convenient, relevant and personalized, otherwise they will risk losing their consumers to competitors.” In October 2018, GroupBy estimated its retail customers would capture a total of $420M during the five-day period between Thanksgiving and Cyber Monday, emphasizing the rise of eCommerce sales during traditionally brick and mortar shopping holidays. GroupBy’s Personalization, Product Recommendations, Search As You Type (SAYT) and Intelligent Navigation solutions ensure that eCommerce retailers are equipped with the right tools to make products more findable to shoppers and provide real-time insight into operational performance. What’s more, enhanced product descriptions can lead to an improved shopper experience and increased conversion rates.

About GroupBy Inc.

GroupBy's fully cloud native technology powers the world's most relevant and highly converting eCommerce websites. Our SaaS-based, Product Discovery Platform powered by Google Cloud Discovery AI, provides industry-leading features for data enrichment, search, recommendations, navigation, personalization, merchandising and search analytics, and is backed by our ongoing commitment to partnering with our clients. We excel with complex, large-scale B2B configurations and in dynamic, high volume B2C scenarios. Founded in 2013, GroupBy is headquartered in Toronto, Canada and has offices in Austin, Texas.