“In this economic environment, prudent businesses are looking to save costs on necessary items like office supplies. We’ve offered our customers a way to save... and they keep coming back,” Jennifer DiMotta, VP Marketing ReStockIt.com
Hollywood, Fla. (PRWEB) April 13, 2010
ReStockit.com, one of the nation’s leaders for small business, office and online supplies, today announced record revenue, gross profit and repeat order numbers for Q1, 2010. This increase is the largest first-quarter revenue gain in the company’s history.
The company, founded in 2004, reported that revenue for the first quarter of 2010 increased 52 percent and gross profit rose 35 percent, largely prompted by the office supply, cleaning supply and restaurant supply segments of its business. Repeat customer revenue also increased 75 percent over the first quarter of 2009.
Along with an increase in revenue numbers, ReStockIt.com reported that orders rose 16 percent over the first quarter of 2009, with repeat customer orders up 53 percent.
“Our biggest push was for more exposure across all marketing mediums to ensure that customers, both new and repeat, saw ReStockIt.com everywhere they were shopping for their office and online supplies,” ReStockit.com Vice President of Marketing Jennifer DiMotta said. “From optimized PPC campaigns to more comparison shopping engines and higher email frequencies, ReStockIt has improved traffic plans in the first quarter, bringing in increased traffic and stronger revenues.”
In the last quarter, ReStockIt.com employed a new customized pricing structure which has aided in customer retention by increasing orders and the average size of orders on items like office supplies and other small business online supplies.
In addition, ReStockIt.com initiated a custom-built order profitability system that helps ensure customers get the best prices on their online supplies while minimizing warehousing costs for the company.
These changes, combined with some site modifications that improved the customer’s shopping experience, have allowed ReStockIt.com to grow at record rates and differentiate themselves from other companies who sell online supplies.
“In this economic environment, prudent businesses are looking to save costs on necessary items like office supplies,” DiMotta said. “We’ve offered our customers a way to save on all their online supplies, and they keep coming back.”
ReStockIt.com founded in 2004 by entrepreneurs David Redlich and Matt Kuttler, has fast become one of the leading retailers of online supplies, discount office supplies, cleaning and janitorial supplies, technology, electronics and tools serving the small business and consumer markets. Through its website, ReStockIt.com, the company offers more than 200,000 products, including Purell wipes and hand sanitizers from manufacturers such as Avery, 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.