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CSN Stores Enjoys Its Best Q1 Ever
Apr 14, 2010 (04:04 PM EDT)
Sales Are Up 64% for No. 3 Online Retailer of Home Goods in U.S.
Hiring Surge Brings Staff to 600+
BOSTON, April 14 /PRNewswire/ -- CSN Stores, the third-largest online retailer of home goods in the U.S., had a record-breaking first quarter this year, with sales for January, February and March up 64 percent compared to Q1, 2009.
This milestone also marks the best six-month sales period in the $250 million+ company's seven-year history, despite the world's slow economic recovery and the unpredictable housing market.
"We wrapped up 2009 with a great holiday sales season and then began 2010 the same way," said Niraj Shah, CSN Stores' CEO and Co-Founder. "Now that we've seen our first quarter end on a very high note, we're aiming to build even more momentum each quarter."
The fastest-growing categories at CSN Stores so far this year include: fitness equipment, bedding, upholstery, pet goods, recreation room furniture, and toys, which were all up by more than 200 percent over Q1, 2009. Luggage, housewares, tools and rugs are also prospering, seeing sales double compared to the same period last year.
To help manage and propel this growth, CSN has hired 80 new staffers in the past three months, including customer service representatives, software engineers and e-marketers. CSN's total number of employees is at an all-time high: more than 600.
This growth follows more than 18 months of investment by the company, focused on expanding CSN's North American business, establishing its European headquarters in Galway, Ireland, and launching several sites for customers in the U.K. and Germany. These sites include: CookwareByCSN.co.uk, LightingByCSN.co.uk, KucheundHaushalt.de, and most recently, AllModern.co.uk.
About CSN Stores
Founded in 2002, CSN Stores (www.csnstores.com) is a $250 million, privately owned company, comprised of 200+ e-boutiques in North America, the U.K. and Germany providing unparalleled selection, great customer service and significant savings. CSN's sites include Cookware.com, BedroomFurniture.com, Luggage.com, AllModern.com, and many more. Based in Boston, Mass., CSN offers 1.5 million+ products from more than 4,000 brands. CSN is the No. 3 online retailer of housewares and home furnishings in the U.S., according to Internet Retailer.
SOURCE CSN Stores