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News Release from: hybris | Subject: e-commerce suite
Edited by the Marketingservicestalk Editorial
Team on 31 May 2007
E-commerce suite helps Digital Stores to
expand
PIM vendor hybris's e-commerce platform is helping Digital Stores to expand its existing business and move in to new sectors as it looks to grow 50% year on year.
Hybris, the product information management (PIM) and e-commerce vendor, has announced that UK-based Digital Stores is expanding its online retail services business by up to 50% year on year using the hybris e-commerce suite Digital Stores has been able to expand its existing white label online retail business as well as moving into wholesale music sales for global companies thanks to the features and functionality provided by the hybris platform
This article was originally published on Marketingservicestalk on 15 Nov 2007 at 8.00am (UK)
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Russel Coultart, Managing Director of Digital Stores, said: "Our business has expanded rapidly within our traditional music related retail area with The Beatles official website and Ministry of Sound recently signing up for our services.
"We have also been working to provide online retail services for broadcasters and already have Cartoon Network and Sonic, part of the Jetic network, as customers.
"The hybris e-commerce suite has been key in allowing us to expand our business and also the types of services we can support".
Digital Stores has also developed its business into supporting children's character brands such as Bob The Builder, Postman Pat, Thomas The Tank Engine and Scooby Doo, which are among its customers.
The company has also started to provide wholesaling services to some of its clients, especially in the music business, that allow it to sell large quantities of products, such as CDs, to certain identified customers at wholesale prices.
Digital Stores is also able to offer customers who visit its online sites the ability to either get immediate goods in stock and get delivery of other items when they arrive, or get delivery when all the items they want are in stock.
"The reason we are able to offer these sophisticated retail solutions to our customers is because of the flexibility and scalability of the hybris e-commerce suite," said Coultart.
"Working with our IT consultancy, and approved hybris partner, exedio, we have been able to develop very sophisticated functionality into the platform to support features such as multiple pricing and customer recognition, allowing us to sell tickets as well as merchandise for customers such as Ministry of Sound, and to expand the types of businesses we can provide our services to".
In addition to its turnover increasing at around 50% year on year, Digital Stores also plans to move in to new warehouse facilities that are four times bigger than their existing premises to support the expansion they expect in their business in the next one to two years.
"Hybris is a cornerstone of our success and we expect their e-commerce solution to continue to support our rapid expansion in coming months and years," Coultart concluded.
Ariel Ludi, CEO of hybris, said: "Digital Stores' success is down to its ability to adapt and look for opportunities in the market as well as providing an excellent service to its customers.
"Hybris has supported this expansion by providing Digital Stores with an e-commerce solution that is as adaptable and scaleable as their business".
London-based Digital Stores (formerly called Recordstore), founded in 1997, is a privately held company that operates over 100 'white label' retail websites for some of the world's leading brands.
Shareholders in the company include: Sir Bob Geldof, The Hon Alex Catto, Lord Catto, Julian Summer, Andrew Wilkinson CEO of King Street Media and Rupert Perry, formerly MD of EMI Records.
In addition to its 'white label' websites the company owns and runs www.recordstore.co..uk and www.teeshirtstore.co.uk.
Hybris supplies standard software for the media-independent management of product information and its distribution over both online and print channels.
Manufacturers, vendors, marketplace operators and purchasing companies consolidate and manage their entire product information in every language on one platform, in the process creating a "single source of truth".
Enterprises are able to supply online and print channels with information from this central hub.
Integrated solutions for catalogue management, e-commerce, e-procurement and database publishing provide you with personalised and channel-specific data recycling throughout all electronic procurement and sales channels.
This also means that print catalogues can be published without media fragmentation.
The hybris solution's integrative approach to managing and recycling product information leads to a reduction in process costs, clearing the path for companies to add new sales and procurement markets at low cost.
The return on investment with hybris is very fast.
As hybris has selected to use standards-based and future-proof basic technologies in its solutions, investments are secure over the long term.
Established in 1997, the company is based in Munich and it has offices in the UK and Switzerland.
Hybris has over 1,000 customers and was recently awarded the European Retail Solutions Award for Best Use of e-Commerce in a Retail Environment and European Retail Technology Solution of the Year 2006.
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