CYBER MONDAY SALES AT BUY.COM® SURPASS BLACK FRIDAY FOR BEST DAY IN COMPANY HISTORY
Online Retailer Continues Record Growth During First Holiday Shopping Week
ALISO VIEJO, Calif., December 2, 2008 - Buy.com®, the Internet Superstore™, today reported its biggest sales day in company history, with Cyber Monday sales surpassing the record set on Black Friday.
Revenue and customer orders again increased by over 40 percent on Cyber Monday compared to 2007. The company cites aggressive deals and unique promotions for price-conscious consumers as a catalyst for sales growth this year.
"Consumers are continuing to take advantage of the best deals and lowest prices on millions of products available on Buy.com and through our extensive marketplace of retailers," said Buy.com CEO and President Neel Grover. "We continue to see new customers attracted to Buy.com and healthy spending for the right products at the right prices. We plan to continue aggressive promotions and special offers throughout the season to attract value-conscious shoppers."
Buy.com is a leading e-commerce company with more than 12 million customer accounts, focused on providing its customers with a rewarding shopping experience and a broad selection of high-quality technology and entertainment retail goods at competitive prices. Buy.com offers millions of products in a range of categories, including consumer electronics, computer hardware and software, cell phones, books, music, videos, games, toys, bags, home and outdoor, baby, jewelry, shoes, apparel and sporting goods. Founded in June of 1997, Buy.com is located in Aliso Viejo, California. Buy.com® and The Internet Superstore™ are trademarks of Buy.com Inc. Buy.com currently competes with a variety of companies that can be divided into two broad categories: (i) retailers and ecommerce marketplaces such as Amazon.com, eBay and Wal-Mart and (ii) specialty retailers or manufacturers such as Barnes & Noble, Best Buy, Circuit City and Dell.
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