Sales and 109% YOY Growth Lead to New Facility in Las Vegas
Boston, MA – March 29, 2012 – In order to meet growing demands, Spreadshirt will be opening its second production facility in the US. After a record-breaking 2011 with 109% YOY growth in the US and 43% globally, Spreadshirt expects to be on track for 40-50% global revenue growth in 2012.
Spreadshirt, the global clothing-commerce platform for creating, buying and selling personalized apparel, has its US headquarters in Boston, MA. With the expanding online marketplace and e-commerce boom, Spreadshirt had a 75% global growth rate in December 2011 alone!
More and more people are buying clothing online and taking advantage of customization options. Since 2010, Spreadshirt has experienced revenue growth from $41M to $63.5M in 2011, and expects revenue to eclipse $100M in 2012. The advent of new mobile technologies and ideas will aid in the continuation of this growth.
“The Spreadshirt platform is an exciting concept that changes the clothing market for consumers and businesses. Our 2011 figures reflect the increasing success of our role in e-commerce and customization. Consumer involvement in content creation and the impact of gamification means consumers now expect high levels of participation and response from brands. Our easy-to-use technology makes Spreadshirt well-placed to capitalize on these trends through 2012, especially in the US”.
The new facility in Las Vegas will increase production capabilities in North America while also adding jobs to the community. People continue to turn to Spreadshirt to find, create, share, market and produce an unlimited variety of designs. And the growing e-commerce market of over 200 million users is expected to continue propelling Spreadshirt’s future global growth.