Stylesight Continues Rapid Global Growth and Momentum Surge in China Leads to Record Revenues for Full Year 2012
NEW YORK, Feb. 25, 2013 /PRNewswire/ -- Stylesight, the industry leading global content and technology solution for style, fashion and design professionals, has announced today record revenues for its fiscal year ending December 31, 2012. The growth was driven by a surge in new business in Greater China, new product and content developments, an expanded executive team and continued commitment to customer excellence.
"The strong revenue results Stylesight experienced in 2012 are a testament to the fact that the most creative companies continue to outperform the market," said Frank Bober, Founder and Chief Executive Officer of Stylesight. "Our market-leading creative platform gives our 3,000+ customers a competitive advantage that they just can't find anywhere else in the marketplace."
Fiscal Year 2012 Highlights
Stylesight's global subscription revenue was at a record high level for full year 2012 with more than 800 new accounts added globally. Notable expansion occurred in Greater China, where Stylesight saw a 49 percent increase in growth through its partnership with the China Textile Information Center (CTIC). The partnership was created to promote creativity and inspiration for China's growing market through an expanded Stylesight offering.
Product and Content Developments
Stylesight enhanced its product and content offerings in 2012 with new innovations to its forecast and analysis coverage, market intelligence and design tools. Additions included the launch of Runway: Quick Look, a tool offering a faster and more intuitive way to view runway images; the launch of two new, dedicated sections, Knitwear and Materials & Sourcing; and the launch of Mobile Image Upload, a first-of-its-kind mobile tool allowing users to directly upload inspirational images from their mobile device to their Stylesight Workspace.
In 2013, Stylesight will further enhance its market-leading creative platform by offering clients a new intelligent recommendation engine allowing for a more customized content experience. Also, users will experience the most advanced "Search by Color" tool utilizing the Pantone, CSI and CNCS color systems for industry images.
Stylesight expanded its executive teams within the creative, strategy, sales/marketing and customer support divisions. The company added several senior executives including Al Kilgour as Senior Vice President of Sales Asia Pacific, Gurinder Singh as Director of Sales Europe, Brian Ward as Senior Vice President of Global Client Engagement and Jerry Inman as Senior Vice President of Global Marketing. Stylesight also announced two new positions to drive content and product innovation, based on in-depth customer research and market analysis, Sansan Chen as Senior Vice President of Market Strategy and Isham Sardouk as Senior Vice President, Chief Creative Officer, a newly created position.
Stylesight was nominated as a finalist for Customer Service Department of the Year for the 2013 Stevie® Awards, the world's premier business awards honoring the achievement and positive contributions of organizations and business people worldwide. Among eight finalists chosen from thousands of leading global companies, Stylesight was recognized for its multi-tiered commitment to customer service.
Fiscal Year 2013 Outlook
Stylesight anticipates revenues to remain strong and expects to achieve sustained growth for full year 2013. Investments made in 2012 have positioned Stylesight to achieve significant growth globally, as well as continued exponential growth in Greater China.
Stylesight is the industry-leading global content and technology provider for professionals in the style, fashion and design sectors. Combining visionary trend forecasting and indispensable analysis with an online workspace designed to help analyze and anticipate the ever-changing marketplace, Stylesight brings value to designers looking for inspiration and more time to be creative, as well as managers looking for cost savings and ROI. Stylesight is headquartered in New York, London and Hong Kong, with additional satellite offices stationed in style capitals spanning the globe.
Find out why Stylesight is the fastest growing company of its kind, signing over 100 new companies around the world each month. Learn more at Stylesight.com and see what the entire buzz is about.