Named Fastest Growing Home Improvement/Hardware Web Store
BOLINGBROOK, IL (May 21, 2012) - Today Power Equipment Direct announced it made Internet Retailer's Top 500 list for the fifth consecutive year.
"In 2011, Power Equipment Direct focused on improving, refining and optimizing the on-site shopping experience," said Founder & CEO Jon Hoch. "Our rapid growth is a testament of our commitment to constantly updating and improving our web stores."
Power Equipment Direct experienced significant growth in 2011, ranking as the fastest growing company in the hardware/home improvement sector, according to Internet Retailer.
The online power equipment retailer ranked as the 197th largest e-retail company in the United States and the 6th largest e-tailer in the hardware/home improvement category.
Internet Retailer's definitive ranking and analysis of America's 500 largest e-retailers is based on annual 2011 Internet sales, researched by Internet Retailer and confirmed by retailers. This report includes company financial, operational and performance data, as well as vendors in key categories.
Hoch founded Power Equipment Direct in his basement after an awful experience shopping for a lawn mower in 2002. Today, the Bolingbrook, IL-based e-commerce company operates eleven niche web sites, generating $85 million in sales in 2011.
"We consider it an honor to be ranked among the largest home improvement retailers in the world," said Hoch. "The results are remarkable, considering we only sell power equipment products."
Published by Chicago-based Vertical Web Media LLC, Internet Retailer is a monthly national business magazine that is at the core of the leading retail information web site, an e-commerce conference and four directories that serve the retailing community. Internet Retailer's 42,500 subscribers and 250,000 monthly web readers represent senior executives primarily from retail chains, independent stores, catalogs, virtual merchants and brand name manufacturers. Internet Retailer's circulation represents the largest multichannel readership base of any retailing magazine.
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