Fab is continuing to evolve from a flash sales site into something bigger — as its founders hope, the world's largest store for design.
The startup, which pivoted from a flash sales site aimed at gay men two years ago, held a presentation in New York Monday night to chronicle its progress and outline its larger vision
CEO Jason Goldberg said that Fab now has 12 million registered members in 28 countries, and that 40% of last month's sales took place outside the U.S. More than a million items have been sold to date, a third of which took place via tablet and mobile devices. Goldberg didn't provide any specifics on revenue or profit, but said that the company expects to double revenue this year over last year "with certainty." Read more...
More about Shopping, Retail, Fab.Com, Business, and Marketing
Comments
Post a Comment