July 26, 2002, 12:00 AM

eBags.com reports a profitable quarter and record sales

Sales for the first half of the year at online retailer eBags.com grew 43.7% over last year’s level and second quarter was the company’s first profitable quarter.

Sales for the first half of the year at online retailer eBags.com grew 43.7% over last year’s level, the company reports. In addition, second quarter, which ended June 30, was the company’s first profitable quarter.

The privately held company does not report sales or earnings figures.

“The entire eBags team is proud to be one of the first online retailers to announce sustained profits,” said Peter Cobb, co-founder and vice president of marketing and merchandising.

EBags.com reports it has sold over 1.5 million bags since launching in March 1999. EBags is funded by Benchmark Capital, Technology Crossover Ventures, and Amerindo.

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