Scaling up from small to medium enterprise globally
Boston, MA – March 25, 2013 – Continuing the tradition of setting the pace for expansion, Spreadshirt benchmarks sales of over $95M globally, $37.5M North America, with a commendable 20% revenue growth rate in the US and 14% worldwide. They shipped over 3M products in 2013 with orders from 200 countries as delivered to 44 countries. Partner growth was exceptionally strong with over 72K active sellers and publishers last year. Spreadshirt closed the year with more than 500 employees worldwide.
“2013 was a pivotal year for successful scale up from a small to medium global e-commerce enterprise,” said Phillip Rooke, CEO of Spreadshirt. “We truly had a year of innovation at Spreadshirt and plan to continue this in 2014 with investments in touch optimization for our website and to enhance the seller and publisher experience to drive growth and expansion globally. We will continually offer new products and expand services to keep our customers engaged.”
Spreadshirt, the e-commerce platform for creating, buying and selling ideas on things that consumers love to share, wear, and carry, is a global company with US headquarters in Boston, Massachusetts and US production facilities in Greensburg, Pennsylvania and Henderson, Nevada. Spreadshirt ended the year on a high note by exceeding expectations during the critical holiday season with over 300K orders and minimal returns. Peak order day was 12.16.13 with 15.6K orders placed.
Other notable milestones and trends for 2013 include:
- Improved profit margins via more efficient production and marketing channels
- Enhanced sales performance with large partners
- Platform upgrades and brand refreshment
- Debut of Spreadshirt sustainable T-shirt Collection in Europe and US
The deep investments in the platform resulted in numerous industry awards: Red Herring Top 100, Silver Stevie Award, Silver Best in Biz, jumped 400 spots on Inc. 500/5000 and placed #29 on Internet Retailer social media 500 list.
Spreadshirt is well poised to continue rapid growth in North America and internationally via expansion to new countries such as Canada, Australia, and Switzerland. They will continue to optimize the multichannel approach, and plan to invest $4M for further enhancements to the platform to simplify and speed up the process to put ideas and designs on merchandise in 2014.