Company reports revenue growth of 12% in last fiscal year
SAN FRANCISCO, CA – 6/01/2010
Wine.com was ranked the #1 online wine retailer for the sixth year in a row by Internet Retailer in its annual rankings based on revenue. Wine.com placed #14 in the food and drug category, and #229 overall in the Top 500 Guide of e-retailers, 2010 edition. The company reported 12% revenue growth for the 2009-1010 fiscal year, including 25% growth in the most recent quarter.
"Our growth in revenue is a reflection of the company's efforts to provide the best possible customer experience for buying wine online," said Rich Bergsund, Wine.com CEO. "By continuing to focus on assortment, value and convenience, we remain the leader in our field."
In addition to providing the largest selection of 90+ point rated wines under $20, Wine.com has introduced a number of new products over the past year, including an iPhone app, eco-conscious gifts, food and wine pairing tool, and access to 2009 Bordeaux futures.
"Customers favored both collectible wines and wines from our selection of 90+ rated wines under $20 in the past year," said MIke Osborn, Wine.com Founder and VP of Merchandising. "There are many deals to be had and our customers are finding values at all price points — whether it's an iconic Napa Cabernet or an approachable Cotes du Rhone."
About Internet Retailer
Published by Chicago-based Vertical Web Media LLC, Internet Retailer is a monthly national business magazine, web site, conference and directory that serve the retailing community. Internet Retailer sponsors the largest conerence in the e-retailing industry and publishes an annual ranking of the 500 largest web sites.
Wine.com is the nation's #1 online wine retailer, according to Internet Retailer magazine's annual ranking of websites by revenue, offering thousands of wines, wine gifts, gift baskets, and monthly wine clubs. Wine.com's mission is to be the ultimate resource for wine enthusiasts, whether shopping for themselves or sending a gift, by offering a great selection, low prices, convenient delivery and helpful information. Wine.com is the world's most visited wine web site, according to research conducted by comScore Media Metrix. For more information, visit the company's website at http://www.wine.com, its blog at http://blog.wine.com, or Facebook at http://www.facebook.com/winecom and Twitter at http://twitter.com/wine_com.