Nomorerack.com Records $10.5 million in Sales on Cyber Monday
Company sells 378,000 items for a new single-day record
04 Dec, 2014, 02:51 ET
NEW YORK, Dec. 4, 2014 /PRNewswire/ -- Online retailer Nomorerack.com announced today that the company sold 378,000 items for $10.5 million in sales on Cyber Monday, a new single-day record since the company was founded.
Mobile devices account for 30 percent of total sales during the holiday shopping season to-date. Some of the hottest gift items this holiday season include Tablets, Electronics, Bedding and Boots.
"Consumers continue to be cost conscious this year and are looking for deep discounts on popular products," said Deepak Agarwal, Founder and Chief Executive Officer of Nomorerack.com. "As consumers comparison shop online for the best value, Nomorerack becomes a formidable player to the giants that have ruled deep discounts for so long."
On peak shopping days this season, Nomorerack.com realized daily sales of $3.5 million moving 140,000 items off its virtual shelves. The company had 13.6 million visitors to the site in November, and currently has 4.25 million Facebook fans and has achieved a U.S. Alexa rank of 528.
Nomorerack is the online shopping destination for quality, trendy branded and unbranded, in-demand goods at prices from 50%-80% off retail. Nomorerack's efficient business model cuts out the middlemen to allow them to deliver great products to their customers at the lowest possible prices. With 24/7 online customer service and deeply discounted prices, nomorerack.com aims to be the top shopping destination for online shoppers. Founded in 2011, the Company received $40M in Series B Round funding in October of 2013 and $12M in Series A funding in November of 2012. The company is headquartered in New York. For more information visit www.nomorerack.com.
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