TheFind Forecasts for 2013

MOUNTAIN VIEW, Calif., Nov. 26, 2013 /PRNewswire/ -- TheFind, the largest personalized shopping platform in North America, today announced its mobile and search trends for the biggest shopping weekend of the holiday season, along with predictions for which device will dominate mCommerce to round out Q4. With showrooming and tablet browsing at an all-time high, TheFind saw a spike in the number of searches and scans from mobile devices in Q3. A combination of empirical data and mCommerce trends lead TheFind to predict that tablets will dominate browsing and m-commerce purchases this shopping season with high growth in smartphone usage for price comparison and in-store searches.

National Retail Federation estimates that 63.2% of tablet shopper will use their devices to shop and compare prices[1] as they search for the best deals on hot products and trends this holiday. Based on searches by over 2 million app users, TheFind expects to see Nike, Michael Kors, Vans, Ugg® Australia and Apple as industry frontrunners post-Cyber Monday.

"Tablets are becoming the device of choice for consumers and that's why we made it a priority to optimize our shopping app for not only smartphones but tablets as well," said Siva Kumar, CEO of TheFind. "By blending traditional shopping and retail technology, we created a shopping platform that complements the modern consumer who often begins shopping on one device or in-store and completes his or her purchases elsewhere."  

Spending on smartphones and tablets is up 26% from last quarter according to comScore[2] and several mCommerce reports speak to the remarkable growth and diversity of mobile shopping. According to Internet Retailer Mobile 500, $991 million will be spent via mobile sales in 2013 and over half - $544 million - will be spent shopping on tablets.[3]

To give consumers the best possible omni-channel experience, TheFind's entire platform works together, providing a consistent experience whether the consumer is browsing on the Web at TheFind.com or using the app to shop on the go.

About TheFind
TheFind applies patented ecommerce technology to make the consumer shopping experience easy, efficient and fun. TheFind's powerful shopping search works across the Web looking through every store to quickly find you the best deal and even that hard-to-find item. Uniquely personalized just for you, TheFind continuously learns your taste and style from your activity, likes and purchases, showing you more from your favorite stores and brands. Finally, TheFind organizes all your shopping activity to quickly see what you've been looking for and what you've bought, and automatically tracks your shipments, returns and receipts.

Experience TheFind by downloading our app on your iPad, iPhone or Android device, or visit us on the Web at www.thefind.com.

TheFind is venture funded by Bain Capital Ventures, Lightspeed Venture Partners and Redpoint Ventures and is a San Francisco and Silicon Valley-based company. Learn more by visiting us on LinkedIn at http://www.linkedin.com/company/thefind-inc.

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[1] "Cautious Consumers Trim Holiday Gift Giving Budgets (Even For Themselves), According To NRF Survey," October 16, 2013
[2] "comScore Reports $47.5 Billion in Q3 2013 Desktop-Based U.S. Retail E-Commerce Spending, Up 13 Percent vs. Year Ago," November 8, 2013
[3] "Yes, mobile shoppers convert at a higher rate than desktop shoppers," November 8, 2013

Media Contact:
Amanda Brandt
FortyThree, Inc. for TheFind
831.401.3175
[email protected]

SOURCE TheFind