We consider it an honor to be ranked among the fastest growing retailers in the world
Bolingbrook, IL (PRWEB) August 26, 2008
Power Equipment Direct earned recognition as one of the nation's fastest growing private companies for the second consecutive year.
According to the recently released 2008 Inc. 5000, the online power equipment retailer ranked as the 971st fastest growing private company in the United States.
It also ranked as the 35th fastest growing retailer, and the 44th fastest growing company in the Chicagoland metropolitan area.
Power Equipment Direct is now among the nation's fastest growing online retailers with gross sales skyrocketing by 377% between 2004 and 2007.
"We consider it an honor to be ranked among the fastest growing retailers in the world," said Jon Hoch, founder & CEO. "The results are remarkable, considering we carry only four very niche product lines."
Based in Bolingbrook, Ill., Power Equipment Direct, Inc. specializes in connecting power equipment customers with power equipment manufacturers. The e-commerce company owns and operates four niche online superstores: AirCompressorsDirect.com, ElectricGeneratorsDirect.com, PressureWashersDirect.com and SnowBlowersDirect.com.
"If you want to find out which companies are going to change the world, look at the Inc. 5000," said Inc. Editor Jane Berentson.
"These are the most innovative, dynamic, fast-growing companies in the nation - the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 5000 list is Inc. magazine's tribute to American business ingenuity and ambition."
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.