It’s the e-commerce story of the year! Private sales phenomenon Beyond the Rack, the fastest-growing online retail business in the world, is coming to Sydney to share insights with local retailers.
Online private sales are already a fast-growing billion dollar industry in the US. Beyond The Rack has found a way to differentiate its offering from other US competitors like Gilt Groupe and Rue La La, increasing its sales by 1,150% year-on-year, growing its member base to more than 2.5 million members and taking over US$76 million in sales for 2010 (according to the 2011 Internet Retailer Top 500 Guide).
By providing a wide selection of merchandise from over 3000 brand partners and ensuring the site provides a ‘pleasurable shopping experience’ to customers, the private shopping club has managed to raise more than US$12 million in funding during its two-year lifespan.
The company’s Co-Founder and CEO, Yona Shtern, is heading to Australia exclusively to speak at the Online Retailer Conference & E-Commerce Expo, to be held at the Sydney Exhibition and Convention Centre from 26-29 September.
Shtern will deliver exclusive insights into this amazing growth story and share his thoughts on how local businesses can tap into the infinite potential of not only private sales, but also broader e-commerce strategies.
Set over four days, the conference will offer Australian retailers unparalleled insights and learning, including keynotes from other world-renowned retail brands, such as Walmart, ASOS and Tesco.com.
For more information please visit the Online Retailer Conference & E-Commerce Expo website.