Ritz Interactive reports 80% sales growth in 2002

Ritz Interactive Inc., which operates e-commerce sites RitzCamera.com, WolfCamera.com, CameraWorld.com, PhotoAlley.com, BoatersWorld.com and others, reported that its sales grew 80% last year over 2001. Sales during the holidays experienced similar growth. The increases include the growth Ritz obtained through its acquisition of WolfCamera.com, CameraWorld.com and PhotoAlley.com last year.

“Our success is a reflection not only of the popularity of the products we offer, but also of Ritz Interactive’s ability to deliver upon our promises to the consumer,” said Ritz Interactive president and CEO Fred H. Lerner. “Online shoppers appreciate the user-friendliness of our sites, and they feel comfortable dealing with well-known brands synonymous with quality and service.”