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SCOTTSDALE, AZ - January 24, 2007 -
A big push into consumer electronics just before the holidays helped Ritz Interactive Inc. grow its 2006 web sales by 19%.
For the year, Ritz, No. 102 in the Internet Retailer Top 500 Guide to Retail Web Sites, posted e-commerce revenue of $98.8 million, compared with $83.15 million in 2005.
The company credits a big push into consumer electronics as a key reason for top-line growth. In November, Ritz added more than 70,000 new products to the electronics category on its e-commerce sites. The new electronics offerings, which include the latest computers and peripherals, LCD and Plasma TVs, MP3 players, and gaming devices, now are available on RitzCamera.com, WolfCamera.com, CameraWorld.com and PhotoAlley.com. Site visitors now can choose from a selection of products and accessories from IBM, HP, Microsoft, Sony, Panasonic and other electronics manufacturers.
"Our holiday sales increased by 35%," says Ritz Interactive CEO Fred Lerner, who is speaking at Internet Retailer Conference & Exhibition, June 4-7 in San Jose, in a June 5 session titled "The Scotch Boutique: The Web Is Made for Niche Retailing." "We looked at our high-end digital camera buyers and decided they were also consumer electronics shoppers," Lerner notes.
About Ritz Interactive, Inc.
Ritz Interactive is an award-winning, specialty online retailer and e-commerce service provider that operates a network of websites offering high quality, branded lifestyle products. Since its inception in Irvine, California in 1999, the company has become a leader in providing a full array of photographic and consumer electronics products as well as a wide range of marine, boating and fishing products, at competitive prices for online shoppers. Ritz Interactive’s leading photo-specialty e-commerce websites are RitzCamera.com and WolfCamera.com, while the company’s leading marine e-commerce website is BoatersWorld.com. Each of the individually branded and marketed websites offers a broad and deep selection of competitively priced products and brings an established brick-and-mortar reputation to the company’s e-commerce platform.
About Vcommerce Corp.
Vcommerce is the industry leader in enterprise eCommerce solutions for online retail. Retailers can choose to leverage Vcommerce Enterprise™ as a true end-to-end solution or select just the capabilities and services they require. Vcommerce Enterprise consists of advanced solutions for eMarketing, eCommerce storefront, order management, fulfillment and logistics and customer service. Proven with leading online retailers for nearly a decade, Vcommerce solutions allow clients to expand their online retail capabilities rapidly, cost effectively while retaining control over business processes, branding and the total customer experience. Recognized for its online retailing expertise, platform flexibility and scalability and low-risk methodology for enabling eCommerce, Vcommerce is SAS 70 Type II and PCI Level I certified. Vcommerce clients include Overstock.com, eToys Direct, Ritz Interactive, MTV Networks and newegg.com. Located in Scottsdale, AZ, the company is privately held, and its investors include Internet Capital Group, Inc. (Nasdaq: ICGE).For more information, please visit www.vcommerce.com or call 480.922.9922.
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SAS-70 Type II Certification
