Archive for June, 2008

 
Monday, June 23rd, 2008

Omniture, Inc. (NASDAQ:OMTR), Bazaarvoice and Mercado today announced that Overstock.com is using integrated solutions from the three companies through Omniture Genesis to employ a strategy called “searchandising”—the utilizing of on-site search terms, user-generated product reviews and analytics to optimize product merchandising and relevance.

“Overstock’s ability to deliver relevant search results has a material impact on conversion success,” said Geoff Atkinson, vice president of tactical marketing at Overstock. “The integrated Omniture, Bazaarvoice and Mercado ‘searchandising’ solution provides Overstock with the ability to improve conversion by automatically optimizing search relevance and product merchandising based upon a number of factors, including customer ratings and reviews.”

Overstock uses “searchandising” by feeding data from Omniture SiteCatalyst into Mercado via Omniture Genesis, where Mercado uses the information to optimize Overstock’s search results and site navigation. Overstock displays Mercado search and refinement results that include Bazaarvoice ratings and reviews, which customers can use as a sorting or refinement preference when selecting products to purchase.

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Monday, June 2nd, 2008

Shopping cart abandonment is a huge challenge for online merchants. eTailers are constantly struggling to understand how they compare to other eTailers and the reasons of cart abandonment so that they can improve their conversions.

Yesterday I came across some interesting survey data that will help shed some light on the average abandonment rates, conversion rate and the main reasons for cart abandonment.

Industry averages

The following charts are from MarketLive Performance Index Volume 4

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