Beyond the Rack Reaches One Million Member Mark After Only One Year in
Operation
Private sale site is fastest growing in North America </pre> <p><span class="xn-location">MONTREAL</span>, <span class="xn-chron">April 26</span> /CNW/ -- Beyond the Rack Enterprises Inc. ("Beyond the Rack"), North America's premier invitation-only online shopping club is proud to announce that it has reached the one million member mark after only one year in operation.</p> <pre> (Logo: http://www.newscom.com/cgi-bin/prnh/20100426/NY92666LOGO) </pre> <p>Offering authentic brand name merchandise at prices up to 70% off retail, and more, members-only sample sale sites are the fastest growing segment of e-tailing. Beyond the Rack ranks among the market leaders in terms of growth rate and site traffic, with 15% of its members visiting the site every day. To-date the company has offered merchandise from more than 800 of the world's most renowned fashion and lifestyle brands.</p> <p/> <p>Launched in <span class="xn-chron">March 2009</span>, with customers in the <span class="xn-location">United States</span>, <span class="xn-location">Canada</span>, and around the world, Beyond the Rack's extraordinary rate of growth has put the company on-target to reach an annual run-rate of <span class="xn-money">$100 million</span> in sales by the end of 2010.</p> <p/> <p>"Reaching the millionth member milestone so quickly tells us that we're providing consumers an easy and exciting shopping experience as they purchase deeply discounted merchandise from dozens of top brand names every week. Maintaining customer satisfaction is our top priority, as they are our best advocates for the future success of the company," says CEO Yona Shtern.</p> <p/> <p>Many of Beyond the Rack's members are invited to join the online club by friends who are already members. This "viral" source of growth is core to the company's rapid expansion.</p> <p/> <p>To celebrate this achievement, the company is awarding its millionth member--and the member who invited them--each a luxurious cruise for two aboard a Royal Caribbean cruise ship.</p> <pre> About Beyond the Rack </pre> <p>Beyond the Rack is North America's premier members-only shopping club offering members the most sought after designer brand apparel, accessories, beauty, and home and decor products at up to 70% off retail prices. Beyond the Rack sells its products in the context of a two-day, first come-first served events. Members can expect up to eight new brand events each day, starting at <span class="xn-chron">11AM ET</span>. Privately held, with offices in <span class="xn-location">Montreal</span> and New York, Beyond the Rack currently has a staff of 100 full-time employees.</p> <pre>
For further information: Lori Krebs, Beyond the Rack, +1-514-733-4666 x3580, [email protected]
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