September 23, 2011, 5:09 PM

August sales ramp up for

The web-only retailer also could get $50,000 in state income tax credits to create jobs.

Bill Briggs

Senior Editor

Lead Photo CEO Joel Lederhause LLC topped $2 million in August web sales, representing a monthly revenue record for the web-only retailer of loading ramps and related accessories.

The August sales milestone reflected a 24.5% increase from August 2010, says CEO Joel Lederhause. Internet Retailer calculates August 2010 sales were about $1.6 million.

The good news was made even better when, No. 417 in the Internet Retailer Top 500 Guide, learned it would receive $50,000 in state income tax credits from the Wisconsin Economic Development Corp. to create jobs.

“With the National Retail Federation reporting that overall August 2011 retail sales were flat, we were delighted to hit this milestone in our online sales growth,” Lederhause says. “We are anticipating a 20% increase in annual revenue for 2011, so the addition of the WEDC tax credits will assist us in hiring the talent we need to continue to raise the bar for our growth, while also bringing more jobs to our community.”

Job creation tax credits will be distributed annually to in relation to the number of new, full-time positions created and filled over a three-year period, the economic development organization says. “With the addition of two new positions last month and four new positions out for applications this month, we are well on our way to taking advantage of the entirety of this program,” Lederhause says.


Sign In to Make a Comment

Comments are moderated by Internet Retailer and can be removed.

Not a member? Signup for free today!




Relevant Commentary


Jason Squardo / Mobile Commerce

Five tips for achieving high mobile search rankings

Searches on mobile devices will soon exceed those on computers, Google says. Retailers that keep ...


Sergio Pereira / B2B E-Commerce

Quill turns to its B2B customers for new ideas

Coming in April is a new section of that will let customers and Quill ...