Web sales for The Knot Inc. grew impressively in the second quarter and for the first half of the year.
For the second quarter, online sales rose by 35.4% to $6.5 million from $4.8 million in Q2 2006 and by 40.5% to $11.1 million for the period of January through June from $7.9 million in the prior year.
Overall The Knot, No. 343 in the Internet Retailer Top 500 Guide, posted net income of $4.4 million on revenue of $28.5 million for the second quarter and net income of $6.4 million on sales of $49.5 million for January through June.
"Our second quarter results demonstrate the resilience of our business model; however, 2007 remains a challenging year and there is still room for significant improvement across all our business units," says CEO David Liu. “Our challenge remains to extend our multi-media platform across multiple life stage brands.”
The Knot continues to diversify. In June The Knot combined e-commerce and social networking with the launch of its newest web site: TheNestBaby.com. TheNestBaby.com features niche communities and editorial areas devoted to infertility, adoption, twins, and other topics. The site also features family pages for posting photo galleries, e-mail-based questions and answers with health providers such as pediatricians or fertility specialists, and a baby naming blog.
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