11/27/12

Q3 e-commerce sales increase 24% for Caf├ęPress

But the e-retailer’s loss widens.

Kevin Woodward , Senior Editor

Online sales at customized products e-retailer CaféPress increased in the third quarter as its net loss ballooned.

For the quarter ended Sept. 30, CaféPress.com, No. 112 in the Internet Retailer Top 500 Guide, reported:

“Revenue from our marketplace and large corporate shops was solid, we launched new social, mobile and licensed content programs, and average order size benefitted from strong wall art sales and purchases by groups,” says CEO Bob Marino. “These trends were offset by lower revenue from small shops, and our bottom line was impacted by enhanced levels of promotional activity and additional expenses related to increased manufacturing capacity.”

During the quarter, CaféPress unveiled a new mobile commerce site that lets consumers shake their smartphones to view a new item. And in October, CaféPress bought EZ Prints, another customized products e-retailer, for $30 million. That will enable the company to offer more products to corporate customer, CaféPress says.

For the first three quarters:

Topics:

CafePress, customized products, e-commerce, earnings, financials, qaurterly results, smartphones, T-shirts, Top 500

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