Published: May 12, 2009
Replacements, Ltd.'s inventory includes more than 13 million pieces from over 300,000 patterns. (Photo: Business Wire)
GREENSBORO, N.C. - (BUSINESS WIRE) - Despite a tough economy and shaken consumer confidence, Replacements,
Ltd. continues to show consistent growth among the nation's top
online retailers. This week, leading industry magazine Internet
Retailer lists Replacements as the 12th largest
housewares/home furnishings e-retailer on the publication's annual Top
500 Guide, which ranks the United States' largest online
retailers based on 2008 Web driven sales. Replacements.com moved up four
spots to 12th from its previous ranking of 16th in
the housewares/home furnishings niche, and is now also ranked 164th
overall in the group of 500 leading online retailers in the U.S. This
marks the third consecutive year the world's largest supplier of old and
new china,
crystal,
silver
and collectibles
has improved position on the Top 500 Guide.
"I really think we continue to grow and succeed because we've always
concentrated on being user friendly and delivering the highest quality
customer service," says Chairman and CEO Bob
Page, who founded Replacements in the attic of his home 28 years
ago. "Even though we have a constantly changing inventory of more than
13 million pieces, we still hear from hundreds of customers each month
telling us our site is fast and easy to use and I think that's a big
reason why we continue to grow our traffic."
Sales driven by the company's Web site, www.replacements.com,
rose 16 percent over the previous year and accounted for nearly three
quarters of the company's overall $86.5 million in business for 2008.
The site recently experienced a record number of visits, exceeding three
million in a calendar month.
"The fact that we were able to increase our online sales and our Internet
Retailer 'Top 500' ranking for 2008 when many market leaders in
e-commerce saw flat or negative Web traffic and sales growth is helpful
for us in validating our online strategies during difficult times," says
Jack Whitley, senior vice president of e-commerce. "Even though we are
probably in the toughest economy for retailers in our lifetimes, and are
selling in the highly-discretionary niche of hard-to-find tableware,
we've stuck to our marketing plan and have continued to aggressively
test new online ad venues, then scaled online advertising campaigns
where we are seeing success. This decision to stick with our plan, even
in tough times, in addition to other online, offline and public
relations initiatives was key to our success in 2008."
Whitley adds Replacements now runs more than five million ads and eight
million unique product placements in the company's core online
advertising campaigns, which generated over 700 million ad impressions
in 2008. Research shows 82 percent of Replacements' new customers last
year came through the Web.
About Replacements, Ltd.
Founded by Bob Page in 1981, Replacements, Ltd. carries the world's
largest selection of old and new china, crystal, silver and
collectibles. The company's 415,000 square foot facilities house an
inventory of more than 13 million pieces from over 300,000 patterns. Headquartered
in Greensboro, N.C., Replacements, Ltd. serves nearly ten million
customers worldwide.
Internet Retailer's definitive ranking and analysis of America's 500
largest e-retailers is based on annual 2008 Internet sales, researched
by Internet Retailer and confirmed by retailers. This report includes
company financial, operational and performance data, as well as vendors
in key categories.
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 an
e-commerce conference and four guides that serve the retailing
community. The Internet Retailer family of products focuses on the
Internet's vital role in a wide array of retailing activities, including
web merchandising, supply chain management and multichannel integration.
Its Internet Retailer Conference and Exhibition is the biggest show in
the e-retailing industry.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5962155&lang=en
Replacements, Ltd.
Lisa Conklin, Public Relations Manager
800-737-5223
ext. 2552
Mobile: 336-209-0951
lisa.conklin@replacements.com
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