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Us Electricity Supplier Fanatics Revenue Will Increase From Last Year'S 800 Million US Dollars To US $1 Billion This Year.

2013/6/8 22:17:00 20

Electricity Supplier Fanatics Electricity Supplier Fanatics

Fanatics parent CEO Kynetic (Michael Rubin) expects that the company's revenue will increase from last year's US $800 million to US $1 billion this year. The focus will be on official licensed sportswear, mugs, jackets and other commodities. Michael Rubin He said the company was profitable but did not provide details and is not ready to go public at the moment. 
 although Amazon and eBay still dominate the US e-commerce market, the valuation of a number of start-ups, such as Fanatics, Zulily and Rearden, has exceeded 1 billion US dollars, indicating that there is still room for development in the increasingly crowded market. However, Amazon's acquisition of online a target= "_blank" href= "//www.sjfzxm.com/" > shoes < /a > retailer Zappos costs less than US $1 billion in 2009, which is basically the same as its annual gross sales. 
 Fanatics the current sales rate is more than 3 times higher than that of some listed companies. For example, the market value of Dick 's Sporting Good is US $6 billion 400 million, with an annual revenue of US $5 billion 800 million, and the market sales rate is slightly higher than 1 times. 
 Sports < a target= "_blank" href= "//www.sjfzxm.com/" > dress < /a > is very suitable for online sales mode, because some products are sold in a narrow range, for example, the Knights of the University of Virginia can not buy T-Shirts in Oregon, but it is easy to achieve through the Internet. Although Amazon has also increased its inventory of sporting goods, including a new website for children on the Internet last year, a group of new retailers such as Fanzz.com has made remarkable achievements in the lucrative sports apparel market in recent years. 
 "online retailers can have unlimited inventory and sell various brands of sporting goods, so this is a very attractive area." "In the near future, you will see that the online sporting goods market is growing at a high speed," said Mark Miller, an analyst at William Blair &Co, an investment bank in the US. 
 Lubin said that the financing of the current round of financing came from Singapore's state-owned investment company Temasek Holdings and Alibaba group. Temasek Holdings also received a board seat of the company. 
P, a spokesman for Temasek, has confirmed the investment but declined to provide details. A Alibaba spokesman declined to comment. 
Lubin P said the money will help Fanatics increase its inventory and expand overseas, while strengthening its channel capabilities, such as building new warehouses in the western United States. "We think the potential of sports apparel is huge, and the growth prospects of Fanatics are very good." "We also plan to enter western Europe and Asia," he said. 
 the company raised $150 million through Insight Venture Partners and Anderson Horowitzkiki Horowitz in June last year, when the valuation was only $1 billion 500 million, but it also increased 3 times compared with the same period last year. 
 Fanatics is locating the western distribution center. The company recently built a new logistics center in Ohio for $35 million. He expects overseas football products to achieve strong sales, but Fanatics currently has only 10% of its sales from overseas. 
Before P was founded, Lubin was once the head of GSI Commerce, an e-commerce software company. The company has been bought by eBay for about $2 billion 400 million. Kynetic Kynetic also owns flash buying website RueLaLa and distribution member website ShopRunner.