5/15/13

Online sales increase 12% in Q1 for Geeknet

But a profit eludes the parent of ThinkGeek.com.

Kevin Woodward , Senior Editor

First quarter online sales increased 12% for Geeknet Inc., parent company of online retailer ThinkGeek.com, but its loss widened.

For the first quarter ended March 31, Geeknet, No. 180 in the Internet Retailer Top 500 guide, reported:

Mobile commerce sales also grew in the quarter to approximately $900,000, said Kathryn R. McCarthy, CEO and president, during a conference call with analysts about the retailer’s earnings. That’s almost double from a year ago, she said.

ThinkGeek.com mobile shoppers tend to use both tablets and smartphones, she said. “And our customers are very tech-savvy, so they're focused on both their phones and their tablet. So we want to provide that opportunity for them. Anyway they can come into the site, we want to be a great experience,” McCarthy said.

Topics:

Doctor Who, e-commerce, earnings, financials, first quarter results, gadgets, Geeknet, kathryn r. mccarthy, mobile commerce, smartphones, Star Trek, Star Wars, ThinkGeek, Top 500, toys, web-only

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