11/10/10

ThinkGeek’s third quarter web sales climbed 50%

The online gadget retailer also reports a 68% increase in web orders over Q3 2009.

Bill Briggs , Senior Editor

Geeknet Inc. reported strong third quarter sales—and a nice uptick in the number of web orders.

For the quarter ended Sept. 30, Geeknet, which owns and operates online gadget retailer ThinkGeek.com, No. 232 in the Internet Retailer Top 500 Guide, reported:

Internet Retailer calculates that the web made up 72% of total revenue in the third quarter of 2010, compared with 66% in the same period last year.

“ThinkGeek had another great quarter,” says Ken Langone, executive chairman, Geeknet. “We are excited about the new products we have to offer the ThinkGeek community for the upcoming holiday season and look forward to driving continued success in the business.”

For the first three quarters of 2010, Geeknet reported:

Internet Retailer calculates that the web made up 71% of total revenue in the first three quarters of 2010, compared with 64% in the same period last year.

Topics:

Geeknet, Geeknet financials, ThinkGeek, Thinkgeek.com

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