Auburn, WA (Vocus) May 4, 2010
While many are preemptively bemoaning the death of the current publishing industry, others are successfully promoting literacy and book sales. Thrift Books, a company that sells cheap used books on the Internet, recently sold their 10 millionth book online.
“It’s a very exciting milestone for us,” said Hector Rivas, CEO of Thrift Books LLC. “We really love what we’re doing, and we are so pleased that we can share our passion with others.”
Thrift Books sold its first book, “Charlotte’s Web” by E.B. White, in 2003, and has since become the largest online seller of used books. Now boasting an inventory of almost 5 million books at any given time, Thrift Books processes an average 80,000 books a day.
“We’ve come a long way from our days in a small storage unit,” said Rivas. “Today we operate in six states and employ close to 250 people.”
With the invention of the iPad, Kindle, Nook and other e-readers, select literary editors and agents claim the publishing industry will suffer in terms of physical books sold. However, with cheap books sold at a discount, Thrift Books anticipates a bright future with more growth to come.
“Our business model is to provide customers with quality books sold at a steep discount,” said Seth Beal, president and chief operating officer of Thrift Books. “We let customers spend less and read more. This next year should be a great one for us, with lots of growth and sales to look forward to.”
In the latter half of 2010 the used books retailer will roll out two additional warehouses in the United States. The company will then continue to open up warehouses domestically before expanding to international markets in the UK and other areas. With an international focus, the company hopes to broaden its business overseas.
About Thrift Books
Thrift Books has emerged from its modest beginnings to become the nation’s largest online seller of used books with a growing international presence. Based in Auburn, Washington, Thrift Books has over 200 employees. The Thrift Books family has grown to include Green Earth Books, Motor City Books, the Atlanta Book Company LLC, Blue Cloud Books LLC and Yankee Clipper Books LLC. A national presence and anticipated future growth will ensure a continually growing selection of used books and even faster shipping to Thrift Books’ customers.