RITZ
INTERACTIVE REPORTS FOURTH QUARTER
REVENUE GROWTH OF 37 PERCENT AND 20 PERCENT ANNUAL GROWTH
IRVINE,
Calif., March 27, 2007, – Ritz Interactive,
Inc., the e-commerce network that includes RitzCamera.com,
WolfCamera.com, BoatersWorld.com and other leading online-shopping
sites, reported a 37% increase in merchandise revenue
for the fourth quarter of 2006 over the same period last
year. Fourth quarter merchandise revenue grew to $36.4
million in 2006, compared to $26.5 million during the
same three-month period of 2005. Annual merchandise revenue
grew 20%, from $83.2 million in 2005 to $99.5 million
in 2006. Ritz Interactive President & CEO Fred H.
Lerner credits the sales increase to continued strong
consumer demand for digital single lens reflex cameras,
the recent addition of thousands of new consumer electronics
products, strong corporate sales and attractive holiday
promotions including those with Google Checkout and PayPal.
“Much
of our recent revenue growth is from customers upgrading
their entry level point and shoot digital cameras to the
new, more sophisticated digital single lens reflex cameras,”
noted Lerner. “Additional growth is attributed to
our continued expansion into the consumer electronics,
home office and corporate business,” Lerner said.
Launched
in April of 1999, Ritz Interactive has evolved into one
of the Web’s most successful retailers, offering
online shoppers an amazing array of products and accessories,
plus the added benefits of no sales tax and free shipping
on most photo items. In addition to its flagship Web properties
RitzCamera.com (www.RitzCamera.com), WolfCamera.com (www.WolfCamera.com)
and BoatersWorld.com (www.BoatersWorld.com), the Ritz
Interactive network includes such popular sites as CameraWorld.com
(www.CameraWorld.com), PhotoAlley.com (www.PhotoAlley.com),
eAngler.com (www.eAngler.com), OuterBanksOutfitters.com
(www.OuterBanksOutfitters.com), and ShopAtShark.com (www.ShopAtShark.com).
About
Ritz Interactive, Inc.
Ritz
Interactive is an award-winning, specialty online retailer
and e-commerce service provider that operates a network
of websites offering high quality, branded lifestyle products.
Since its inception in Irvine, California in 1999, the
company has become a leader in providing a full selection
of photographic and consumer electronics products as well
as a wide range of marine, boating and fishing products,
at competitive prices for online shoppers. Ritz Interactive’s
leading photo-specialty and consumer electronics e-commerce
websites are RitzCamera.com and WolfCamera.com, while
the company’s leading marine e-commerce website
is BoatersWorld.com. Each of the individually branded
and marketed websites offers a broad and deep selection
of competitively priced products and brings an established
brick-and-mortar reputation to the company’s e-commerce
platform.
Contact:
Andre Brysha, Ritz Interactive, Inc.
Tel: 949-442-0205
Fax: 949-442-0210
E-Mail: brysha@ritzinteractive.com
|
