EveryJoe » online retailer http://www.everyjoe.com Sports News - Tech Reviews - Entertainment - Life Tips for EveryJoe Mon, 22 Mar 2010 09:49:16 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Amazon Posts Solid Gains http://www.everyjoe.com/articles/amazon-posts-solid-gains/ http://www.everyjoe.com/articles/amazon-posts-solid-gains/#comments Fri, 23 Oct 2009 01:00:13 +0000 Mark Ellis http://www.bizzia.com/articles/amazon-posts-solid-gains/ Post from: EveryJoe

Amazon Posts Solid Gains

]]> Amazon.com has posted a third-quarter profit increase of 68 percent, a signal that things could be getting a lot better for online retailers as the holiday season remains just around the corner. A 44 percent rise in sales of electronics and general merchandise was one of the main factors in Amazon’s strong performance, a category that now comprises 43 percent of Amazon’s total sales.

The company also posted a 17 percent increase in sales of media, a figure that was surprisingly low in the second quarter because of disappointing video game sales. This result was strengthened by the release of several popular books, such as Dan Brown’s The Lost Symbol.

Amazon’s strong third-quarter results come at a time when the company is preparing for an all-out brawl with brick-and-mortar retail supergiant Wal-Mart. Wal-Mart has recently beefed up its online presence, engaging in a price-war with Amazon and other online retailers over books and introducing services that are reminiscent of the services already offered by many online retailers.

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Post from: EveryJoe

Amazon Posts Solid Gains

]]> http://www.everyjoe.com/articles/amazon-posts-solid-gains/feed/ 0 Newegg.com Files for IPO http://www.everyjoe.com/articles/newegg-com-files-for-ipo/ http://www.everyjoe.com/articles/newegg-com-files-for-ipo/#comments Tue, 29 Sep 2009 03:03:28 +0000 Mark Ellis http://www.bizzia.com/?p=40108 Post from: EveryJoe

Newegg.com Files for IPO

]]> Online electronics retailer Newegg Inc., which only operates through the Internet, has decided to file for an initial public offering and raise $175 million. With the money from its IPO, Newegg hopes to repay its debt, expand its operations, and fund capital spending, three essential components for Newegg’s plans.
 
According to the California-based company, Newegg has been profitable every year since its launch in 2001 and has experienced rapid growth since then. Newegg had sales of $2.1 billion in 2008, according to a regulatory filing, and a net income of $15.8 million for the first half of 2009, which is up 21 percent from $13 million a year earlier.
 
Newegg has also been focusing much attention on growing its business in China recently, focusing on technology, consumer electronics products, and household appliances. According to Newegg, China and the rest of its international opportunities will eventually become important driver’s of the company’s growth, and it hopes to invest $25 million from its IPO funds to expand its international operations.

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Post from: EveryJoe

Newegg.com Files for IPO

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