May 12, 2009
ReStockIt.com Reports Strong April Results Due to Office Supplies Sales, Cheap Discounted Electronics
The Discount Janitorial, Office Supplies and Electronics dealer’s April 2009 Revenue is up 37% Compared with April 2008
Hollywood, FL (PRWEB) May 12, 2009 - ReStockIt.com, one of the leading online retailers of wholesale and name brand office, electronics, janitorial, and restaurant supplies serving the small business and consumer markets, today announced that despite the harsh economic climate the company’s April 2009 results were up 37% compared with the same period last year.
By offering consumers brand name office supplies at cheap, discounted prices as well as discounted electronics and janitorial supplies, the online product dealer saw a year over year revenue increase of 37% and a 42% increase in gross profit compared with April 2008 gross profit, with most of the increase in the office supplies, break room supplies and electronics categories.
“We know that consumers are being cautious with their money so we’ve worked hard to be competitive in pricing by offering brand name office supplies at cheap, discounted prices,” said Jennifer DiMotta, vice president of marketing. “We’ve also added a free shipping strategy that really works and we now have over 100,000 items with free shipping.”
The company also has made a strong investment in its website and consumer experience by adding Endeca merchandising and guided navigation. This has shown a 15% increase in conversions, allowing the company to modify its pricing algorithm to be more competitive and offer its customers the best price on the web, most notably in break room and office supplies, cheap discounted electronics and janitorial supplies.
Due to swine flu fears, the company deeply discounted its Purell, hand sanitizers, soaps and mask products which also contributed to the revenue increase.
ReStockIt.com (www.ReStockIt.com), founded in 2004 by entrepreneurs David Redlich and Matt Kuttler, has fast become one of the leading online retailers of name brand office supplies, cheap and discounted electronics, restaurant and janitorial supplies serving the small business and consumer markets. Through its website, ReStockIt.com, the product dealer offers more than 200,000 products, from over 1,500 leading manufacturers such as Energizer, Hewlett Packard, and Purell/Gojo. ReStockIt.com has been honored with many prestigious awards including South Florida Business Journal Business of the Year, Finalists for Ernst & Young Entrepreneur of the Year, and one of the 500 fastest growing companies by industry leading Internet Retailer Magazine.
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