October 20, 2004, 12:00 AM

Buy.com reports 52% year-to-year growth in Q3 revenue

Third-quarter revenue at Buy.com, the online mass merchant discounter, rose 52% year-over-year, the retailer said today. It attributed the increases to aggressive web marketing and an expanding number of product vendors.

Revenue at Buy.com, the online mass merchant discounter, rose 52% year-over-year for the third quarter ended Sept. 30, the retailer said today.

Neel Grover, president, attributed the growth to Buy’s aggressive Internet advertising and its expansion of consumer product vendors. Buy, a privately held company that does not reveal sales or revenue figures in dollar terms, said its most heavily promoted and top-selling product categories include digital cameras, camcorders, digital music players, printers, and computer storage.

91% of Q3 sales were in consumer technology goods, including consumer electronics, software, computers and wireless products, while 9% were in entertainment and leisure products including books, videos, toys and music downloads, a spokeswoman says.

Buy adds that Q3 revenue rose 8.7% over the second quarter. Q2 revenue rose about 25% over the year-ago quarter, it says.

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

Michael Ringman / E-Commerce

The key role of post-sale service for buyers of IoT products

The complexity inherent in large networks of connected devices brings the contact center front and ...

FPO

Carol Krakowski / E-Commerce

4 customer service takeaways from ‘Cyber Weekend’

Be honest with customers about wait times, and make sure agents have all the information ...

Advertisement