Now Ranks 302nd Among the Nation's Largest E-Retail Sites
BOLINGBROOK, IL (June 04, 2010) - BOLINGBROOK, IL (June 4, 2010) - Power Equipment Direct announced today it made Internet Retailer's Top 500 list for the third consecutive year.
The online power equipment retailer ranked as the 302nd largest e-retail company in the United States and the 9th largest e-tailer in the hardware/home improvement category by Internet Retailer magazine.
Internet Retailer's definitive ranking and analysis of America's 500 largest e-retailers is based on annual 2009 Internet sales, researched by Internet Retailer and confirmed by retailers. This report includes company financial, operational and performance data, as well as vendors in key categories.
"Power Equipment Direct moved up considerably in the Top 500 rankings this year from No. 354 to No. 302 and grew their web sales in 2009 by 45%," says Internet Retailer editor-in-chief Kurt Peters. "They've worked hard to develop multiple niche sites since their first web store went live in 2002 and that diversity has paid off."
Jon Hoch founded Power Equipment Direct in his basement after an awful experience shopping for a lawn mower. Today, the Bolingbrook, IL-based e-commerce company operates nine niche web sites, generating more than $29 million in annual sales.
The online power equipment retailer is expecting significant growth in 2010. In the first quarter alone, Power Equipment Direct experienced triple digit growth compared to the same quarter in 2009.
"We consider it an honor to be ranked among the largest home improvement retailers in the world," said Hoch, founder & CEO. "The results are remarkable, considering we only sell products in nine niche categories."
Published by Chicago-based Vertical Web Media LLC, Internet Retailer is a monthly national business magazine that is at the core of the leading retail information web site, an e-commerce conference and four directories that serve the retailing community. Internet Retailer's 42,500 subscribers and 250,000 monthly web readers represent senior executives primarily from retail chains, independent stores, catalogs, virtual merchants and brand name manufacturers. Internet Retailer's circulation represents the largest multichannel readership base of any retailing magazine.
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