CSN Stores Becomes Second-Largest Online Retailer of Home Goods in the U.S.

Dramatic Growth in 2010 Helps CSN to Outpace Crate&Barrel

May 31, 2011, 16:08 ET from CSN Stores

BOSTON, May 31, 2011 /PRNewswire/ -- CSN Stores LLC (www.csnstores.com) is now the second-largest online retailer of housewares and home furnishings in the U.S., exceeding $380 million in 2010 sales. This ranking, which places CSN Stores ahead of Crate&Barrel for the first time, was recently released as part of Internet Retailer's Top 500 Guide of the largest retail web sites.

(Photo: http://photos.prnewswire.com/prnh/20110531/NE11436 )

Compared to all online retail sites, CSN is now ranked No. 51 out of the Top 500, advancing 10 spots from last year's ranking. In addition, CSN jumped to the No. 10 spot on the list of retailers that operate solely on the web.

"We're delighted with this year's rankings," said Niraj Shah, CSN Stores' CEO and Co-Founder. "We chose to invest heavily in our expansion a few years ago, despite the recession. And those investments have really paid off for us. We've also hired a very talented group of 750+ people globally to fuel our growth now and in the years to come."

CSN Stores also ranked as No. 24 on the list of the fastest-growing e-retailers, and No. 28 among those with the largest sales increases from 2009 to 2010. CSN sells more than 3 million items from 5,000+ brands.

"CSN has developed a very unique business model that demonstrates how an online retailing company can successfully grow in numerous niches," said Mark Brohan, vice president of research for Internet Retailer and editor of the Top 500 Guide. "Their growth in the Top 500 rankings is a testament to their market staying power."

CSN's growth in 2011 is continuing at an even more rapid rate. Q1 performance is up by more than 56 percent. CSN also hired 250+ people last year and has added 100+ staffers so far in 2011. 

Earlier this month, Boston-based CSN opened a second operations and distribution center located in Ogden, UT, offering customers in the Western U.S. expedited shipping and extended hours for customer service calls.

Internet Retailer's definitive ranking and analysis of America's 500 largest e-retailers is based on annual 2010 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 CSN Stores:

Headquartered in Boston, CSN Stores LLC (www.csnstores.com) is a $380 million+, privately held company serving customers in the U.S. Canada, the U.K., and Germany, providing unparalleled selection, great customer service, and significant savings. CSN's web sites include: AllModern.com, Luggage.com, Cookware.com and BedroomFurniture.com. Recently, CSN launched its first flash sale site, Joss & Main, (www.jossandmain.com), which offers 72-hour sales of luxury goods for the home at up to 70 percent off.

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.

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Chuck Casto