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Shoebuy is the largest retailer on the Internet focused on all categories of footwear and related apparel. Shoebuy has partnerships with over 200 manufacturers and represents over 200,000 products from top brands including adidas, Aerosoles, Bass, Bostonian, Brooks, Clarks England, Dexter, Dockers, Dr. Martens, ECCO, Etienne Aigner, Fila, Florsheim, Franco Sarto, Hush Puppies, Johnston & Murphy, Keds, K-Swiss, Merrell, New Balance, Reebok, Rockport, Sebago, Skechers, Steve Madden, and many more. The site offers free shipping, free returns, no sales tax, 110% price guarantee; and live customer service.
Shoebuy.com, experiencing its most robust holiday season to date, today announced that December '03 sales increased by more than 50 percent over November ' 03 numbers, signaling a record-setting end-of-year -- and holiday season -- for the four year-old online retailer. Today's news comes on the heels of a record-setting November during which sales increased by 35 percent over October' 03 numbers.
"We were very excited about the 35% growth we had experienced November over October," said Scott Savitz, President and CEO of Shoebuy.com. "Similarly, we could not be any more delighted with the better than 50% growth we saw in December over November."
Shoebuy.com credits its ongoing success to offering a value proposition that makes it very difficult for the customer to say no. The site, which sells footwear, handbags, accessories and luggage, offers over $1 Billion -- roughly 5,000 "shoe stores full of goods" - - in accessible inventory from over 200 brands in a vast array of sizes, widths, and colors. Plus Free Shipping; Free Returns; No Sales Tax; Live Customer Service, and a 110% Price Guarantee. The Company which became profitable in October, 2001, enjoys 40% plus gross margins, experiences over 1,500,000 visitors per month; and acquires customers for less than $10. Shoebuy.com was founded in April 1999 and formally launched its website in January, 2000.
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