Frederick, MD (PRWEB) May 27, 2011
Property Room, the official online police auction site for easy, fun, trusted deals, has earned spot #274 on the Internet Retailer’s Top 500 Guide for 2011. Ranking on the list for six years in a row, Property Room has grown to become not only a reliable marketplace for both police departments and liquidators, but a trusted site for its growing customer base to discover great deals on unique items.
By providing an auction platform for products from over 2000 police departments and municipalities nationwide, Property Room auctions an unique assortment of items from eight person bikes, Persian rugs, sunglasses and electronics, to surfboards, signed art and cars. Property Room also offers additional merchandise from wholesale liquidators attracted by its national audience of over a million registered users.
“The relationships we’ve built with law enforcement agencies have defined Property Room as a dependable company to do business with,” said PJ Bellomo, chief executive officer. “That has led to new relationships with liquidators looking for the same responsible and honest marketplace to sell their merchandise, fueling our incredible growth over the last few years.”
Property Room’s success derives from the trust of a nationwide customer base, loyal to the security and savings experienced on a site backed by superior customer service.
“To date, we’ve gained 1.2 million registered users with almost no advertising budget and traffic is growing at 40% per year,” said Bellomo. “Consumers enjoy up to 80% off retail prices, with most items starting at a $1 no reserve auction price. Our merchant partners increase revenue and decrease costs by gaining access to a vigorous online bidding platform. Everybody wins.”
Property Room’s continued relationships with its customers and clients play a large part in its success as a business, earning them a spot on the Internet Retailer’s Top 500 guide for 2010 with such online giants as Best Buy, Apple Inc., and Target.
“Property Room knows what it takes to become a successful niche web retailer with a very unique business model that works for their audience of shoppers,” says Mark Brohan, Vice President of Research for Internet Retailer and editor of the Top 500 Guide.
Internet Retailer’s definitive ranking and analysis of America’s 500 largest e-retailers is based on annual 2010 Internet sales, researched and published by Internet Retailer.
About Property Room
Property Room is an online auction site that provides easy, fun, trusted deals on merchandise collected from police property rooms from across the United States. With most auctions starting at $1 with no reserve, Property Room offers a site consumers can trust and a fun place to find great deals on a variety of eclectic and valuable items, like jewelry, watches, cars, coins, and more. More than 2,400 police departments and municipalities work with Property Room, including the LAPD and NYPD. For more information and great deals visit http://www.propertyroom.com.
About Internet Retailer
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.