E-commerce software provider Shopify had 275,000 clients at the end of the first quarter, up from just over 162,000 a year earlier.
Realignment enhances focus on key company growth initiatives.
CHICAGO, Sept. 9, 2013 -- Vertical Web Media, a privately held publisher of e-commerce business intelligence, today announced executive leadership changes intended to strengthen the company and better position its flagship Internet Retailer® brand for long-term growth.
Effective immediately, company co-founder and Internet Retailer publisher Jack Love is stepping down as chief executive officer and assuming the position of chairman. Love appointed Molly Rogers as president and CEO of Vertical Web Media. Additionally, Tom Duggan joined the company in the first week of September as its vice president of sales and product development.
Rogers previously held the position of chief operating officer at Vertical Web Media, where she oversaw sales, marketing and key vendor relationships and managed the operations for the company's web site, which ranks among the 3,000 most frequently visited web sites in the U.S. As president and CEO, Rogers will lead Vertical Web Media through the next stages of its transformation to a company that empowers its executive readership with a comprehensive portfolio of business intelligence products designed to help them grow their e-retailing businesses and effectively compete on a global scale.
"I am excited to expand our publishing company's coverage of a market that continues to grow and innovate," Rogers states. "Fourteen years ago, Jack Love launched Internet Retailer on the premise that the Internet will change everything we know about retail. Our company has covered the e-retailing revolution like no other, and it is my privilege to continue our mission and expand our coverage in emerging markets," she said.
In Tom Duggan's new role as vice president of sales and product development, he will be responsible for managing Internet Retailer's sales team and for developing new products designed to leverage the brand's storehouse of proprietary e-commerce content available through its monthly trade magazine, and suite of research and web-based products. Duggan's extensive publishing background includes serving as vice president and group advertising director of Faulkner & Grey's E-Commerce Media Group, where he worked directly for Jack Love. More recently, he held the position of group publisher of Summit Business Media's Financial & Professional Services Group. "As part of the original team that launched Internet Retailer in 1999, I am excited to be back to help expand our business offering as the content leader in e-retailing and e-commerce," Duggan said.
Duggan's new role commences in early October at Vertical Web Media's downtown Chicago main office. He reports directly to Molly Rogers. Rogers can be reached at (312) 572-6254 or firstname.lastname@example.org. Duggan can be reached at (312) 572-6250 or email@example.com.
For media inquiries, contact Chaz McCrobie-Quinn, Internet Retailer, at (312) 362-0107.
ABOUT INTERNET RETAILER®
The flagship brand of Vertical Web Media, Internet Retailer® provides comprehensive e-commerce business intelligence through print and digital channels, including a monthly magazine, several research guides, web sites, online databases and e-mail newsletters. Internet Retailer, launched in March 1999, is the largest monthly magazine in e-retailing with more than 44,000 subscribers. Launched in 2000 and completely revamped in 2010, InternetRetailer.com is the most visited informational web site in e-commerce. Featuring industry news that is updated daily, the site attracts more than 425,000 unique monthly visitors. IRNewsLink, an e-mail newsletter of daily e-commerce news, is sent out every weekday to more than 46,000 subscribers.
ABOUT VERTICAL WEB MEDIA
Vertical Web Media is a privately held, Chicago-based publisher that focuses on providing business intelligence for the e-commerce industry. Founded and led by journalists, the company aims to be the largest and most credible provider of objective business information on the market trends, technology, competitive practices and people shaping online retailing. Starting with Internet Retailer magazine, launched in 1999, Vertical Web Media has since introduced more than a dozen competitive data products and is now the largest publisher in e-commerce. Through its Internet Retailer® brand, the company operates a monthly magazine, two web sites, a daily e-mail newsletter, and 10 research guides—strategic content designed to help e-commerce executives grow their online businesses.
SOURCE Vertical Web Media