BOSTON, MA -- 05/16/08 --
CSN Stores (
www.csnstores.com) is now the
third-largest housewares and home furnishings e-retailer in the country,
exceeding $200 million in 2007 sales. This ranking was just released as
part of Internet Retailer's Top 500 Guide of the largest retail Web sites.
Compared to all retail sites regardless of category, CSN is now ranked No.
69 out of the Top 500, advancing 38 spots from last year's rank of 107. In
terms of retailers that operate solely on the Web, CSN now ranks as No. 17.
"With an annual growth rate that reached 83 percent in 2007, CSN has the
business model in place that enables them to grow as a niche retailer,"
said Kurt Peters, editor in chief, Internet Retailer. "They are able to
open 170 new niche stores and add 200 employees because they are serving
their segments well."
CSN also ranked among the Top 20 in two other significant categories: the
fastest-growing online retailers and those with the largest sales
increases.
"Growing this business has been extremely rewarding and our new industry
rankings applaud the efforts and dedication of everyone here at CSN," said
Niraj Shah, CSN's CEO and co-founder. "Offering a rare combination of
unparalleled product selection, great customer service and significant
savings has helped us to grow steadily each year and will be a key factor
in our ongoing expansion."
Internet Retailer's definitive ranking and analysis of America's 500
largest e-retailers is based on annual 2007 Internet sales, researched by
Internet Retailer and confirmed by retailers.
2008 is turning out to be CSN's year of making several prestigious "short
lists." Beyond the Internet Retailer rankings, CSN was honored last month
as the No. 4 fastest-growing private company in Massachusetts on a list of
60 Boston Business Journal Pacesetters. CSN was one of the largest
contenders on the list and the state's No. 1 fastest-growing private
e-commerce company.
About CSN Stores: CSN Stores LLC, (www.csnstores.com), an Inc. 500 company,
maintains over 200 Web sites covering a variety of home and office goods.
Selling over one million products, CSN offers consumers the largest
selection of leading brands online, great service, and low prices. Stores
include: AllModern.com, Luggage.com, BabyCarSeats.com, PubSets.com,
HomeTheaterSeatingOnline.com, and WritingDesksAndMore.com. Shop easy at
CSN.
About Internet Retailer: Published by Chicago-based Vertical Web Media LLC,
Internet Retailer is a monthly national business magazine, Web site and
directory serving the retailing community. The Internet Retailer family of
products focuses on the Internet's role in an array of retailing
activities, including web merchandising, supply chain management and
multi-channel integration. Internet Retailer's circulation represents the
largest multi-channel readership base of any retailing magazine.
Contact:
Chuck Casto
ccasto@csnstores.com
617-502-7223
or
Will Flanagan
wflanagan@csnstores.com
617-502-7051
