Bidz to launch Buyz

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Bidz to launch Buyz

03-01-2008, 11:38 AM,

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mandy Offline

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Bidz to launch Buyz

Quote: Net revenue at jewelry online auction retailer Bidz.com Inc. rose 42% to $187.1 million for the 12 months ended Dec. 31, 2007, from $131.8 the prior year, as fourth-quarter net revenue increased 68% year-over-year to $63.2 million from $37.6 million, the company says...

Bidz.com, No. 86 in the Internet Retailer Top 500 Guide, attributes the growth to several factors, including increases in customer acquisitions and average order values. Building on its momentum, it plans to roll out soon Buyz.com as a fixed-price retail jewelry e-commerce site, including features such as diamond search and the ability to customize a ring.

In the fourth quarter, Bidz.coms number of new buyers rose 56% to about 110,000 and its average order value rose 37% to $169...

full article: http://www.internetretailer.com/dailyNews.asp?id=25563

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