For the third consecutive year, overstockArt.com has been named among the top e-retailers in Internet Retailer’s prestigious Second 500 Guide. The online art gallery ranked 789 in the 2012 edition of the Second 500 Guide and 31 in the merchandising category for Housewares and Home Furnishings.
overstockArt.com, which gained over 200 spots from the previous year in Housewares and Home Furnishings category, is also part of the personalized wall art segment which was the second fastest growing niche on the list.
This announcement comes after another year of steady growth in which the company increased its web-only revenue by more than 30%. “Our phenomenal growth is directly attributable to the talent and commitment of our team, our dedication to providing exceptional customer service and high quality wall art and frames to our growing number of loyal customers,” said David Sasson, CEO of overstockArt.com.
Sasson continued, “It’s an honor being recognized for these achievements and being included alongside other exceptional up and coming online retailers in Internet Retailer’s Second 500 Guide for the third year in a row.”
This distinction adds to a growing list of accolades for the home décor retailer, including Inc.’s 2010, 2011 and 2012 Inc. 5000 lists, Internet Retailer’s 2012 Hot 100 list and 2012 Internet Retailer’s Top 400 Mobile Guide.
Internet Retailer’s Second 500 Guide ranks retail web sites in the U.S. and Canada from 501 to 1000 based on annual web sales. The 2013 Second 500 Guide ranks, profiles and analyzes the 500 fastest growing up and coming e-retailers based on annual 2012 web sales. The report includes company financial information, operational and performance data, and vendors in 15 key categories. For more information about the Second 500 Guide, visit http://www.internetretailer.com/second500.
overstockArt.com is being recognized as an innovator in online retail: this week the home décor retailer announces that it has been selected as one of Internet Retailer’s Hot 100 sites in 2012. The e-retailer was selected for the housewares/home/ hardware category – “products for the home sold with style and intellect.”
“We are extremely honored to have received this distinction from Internet Retailer,” said David Sasson, CEO of overstockArt.com. “We have set ourselves apart from other home décor retailers by utilizing advanced online and mobile technologies. We made it our goal to make shopping for art online an empowering and engaging experience. As our small web team developed and released new web tools, mobile applications and our mobile website we kept this goal at heart. To win this award is icing on the cake.” Continue reading “overstockArt.com Named One of Internet Retailer’s “Hot 100””
Imagine having a mix of experienced businesspeople mentoring you. That’s the mission of Mixergy.com.
Checkout David Sasson’s Interview with Andrew Warner from Mixergy.com about establishing overstockArt.com and turning the corner when things were tough.
David Sasson was exhausted from holding down a full-time job while running overstockArt, his online store for discount artwork. Then, in 2009, the bad economy hit his company hard and it was in trouble and he wasn’t sure he could pay his employees. That’s when he did something unexpected.
Instead of closing shop, he quit his job and focused on his business full time. What he did turned his business around completely and turned a disastrous year into one of his company’s best. What did he do? The details are in this interview.
I wanted the thank Andrew for the interview, it is always so much fun talking about your business, after all, this is what I am passionate about. I hope that this interview helps any young entrepreneur starting a business and I wish Andrew continued success with Mixergy.com.
Single Day Sales Record Broken on Cyber Monday; 100 Percent Increase in Sales from the Thanksgiving Holiday Weekend 2009
The popular online gallery, overstockArt.com, is pleased to announce its record Thanksgiving weekend and Cyber Monday sales. The company realized a 100 percent increase in sales from Thanksgiving weekend 2009 and broke its single day sales record on Cyber Monday, making November 29, 2010 the e-commerce site’s largest retail day in its history.
Revenue to overstockArt.com increased 98 percent, with order placements up by 74 percent over the holiday weekend. Overall traffic to http://www.overstockArt.com was up 50 percent.
“The holiday season is traditionally our busiest sales time of the year, but the numbers we saw over the holiday weekend and on Cyber Monday were overwhelming,” stated David Sasson, founder and CEO of overstockArt.com. “I think it’s fair to say that Santa will be delivering a good amount of fine art this year.”
Cyber Monday sales hit record levels across the board this year, making it the biggest day in e-commerce history. According to data published by the Internet tracking firm ComScore, Inc., Cyber Monday set a new one-day sales record, with total online sales for the day totaling $1.028 billion. That is 16 percent more than 2009 Cyber Monday sales of $887 million. The previous one-day high for online sales was December 15, 2009 with total sales at $913 million.
overstockArt.com is offering several promotions during the remainder of the holiday season, including:
Insider’s Club specials: overstockArt.com Gallery Insider Club members have daily special offers and promotions. It is free to join and take advantage of these savings.
Last Chance promotion: Now through Sunday, Dec. 25, 2010, overstockart.com is offering its customers a discount of 30% off their art purchases by using the coupon code LAST30 at checkout. This special does not include frames, framing services or pre-framed paintings.
Shipping: Ground shipping is always free of charge at overstockArt.com. Orders can be placed as late as Thursday, Dec. 23 at 12 p.m. for arrival by Christmas.
Returns: overstockArt.com is extending it’s no hassle return policy until Monday, Jan. 31, 2011. Return shipping is covered by overstockArt.com.
“The season is off to a great start and we can only hope to see this sales trend continue,” said Sasson. “We’re pleased that even in this struggling economy people are looking to overstockArt.com for their home décor needs.”
You could argue that a center of the online, retail art world is in Kansas. That’s where overstockArt.com is located, and in nine years it has grown to be a leading, online retailer of original art reproductions. The founder and CEO, David Sasson, has grown the business from inception to where it is today, and he’s with us to discuss it all. He joins Practical eCommerce’s Kerry Murdock.
Listen to the full podcast: [podcast]http://sassoncollection.com/wp-content/uploads/2010/08/david-sasson-practicle-ecommerce.mp3[/podcast]