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EMERGE Brand WholesalePet, Records Strongest Day of the Year, with US$598,000 in Gross Merchandise Sales(1)
EMERGE Brand WholesalePet, Records Strongest Day of the Year, with US$598,000 in Gross Me...
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[{"type":"text","content":"\n \n \n \n EMERGE Brand WholesalePet, Records Strongest Day of the Year, with US$598,000 in Gross Merchandise Sales(1)\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Oct. 19, 2022\n \n \n /CNW/ -\n \n EMERGE Commerce Ltd\n \n . (TSXV: ECOM) (\"\n \n EMERGE\n \n \" or the \"\n \n Company\n \n \"), a diversified acquirer and operator of niche e-commerce brands, today announced that its portfolio brand, WholesalePet (\"WSP\") (\n \n www.WholesalePet.com\n \n ), a U.S. based B2B e-commerce marketplace for pet products, achieved its largest Gross Merchandise Sales (\"GMS\")\n \n 1\n \n day of the year during its annual Cyber-Stock Monday® promotional event, on\n \n October 17, 2022\n \n .\n \n \n In total, WSP recorded approximately\n \n US$598,000\n \n GMS\n \n 1\n \n , a moderate percentage increase vs. the same-day promotion in 2021. Average Order Value (\"AOV\") of\n \n US$420\n \n significantly exceeded typical AOV of approximately\n \n US$350\n \n .\n \n \n \n Ghassan Halazon, Founder and CEO of EMERGE\n \n said, \"We continue to be impressed with WholesalePet's progress in scaling a thriving marketplace community of independent retailers and vendors, with strong underlying profitability and cash flow generation. This year's Cyber-Stock Monday® results represent WSP's single largest GMS\n \n 1\n \n day of the year, exceeding last year's result slightly, a notable feat in this challenging macro backdrop. We view this result as a terrific unofficial launch for the Q4 holiday shopping season.\"\n \n \n \n \n Chris Avery\n \n , CEO of WSP\n \n commented, \"With over 200 vendor specials ...